Abstract: Based on the panel data of 30 provincial-level administrative regions except Tibet from 2005 to 2019, this paper constructs an evaluation index system for China'srural industrial revitalization and establishes a static fixed effect model and a dynamic GMM model to explores the impact of rural industrial revitalization on rural residents' consumption upgrading from the two aspects: the level of rural residents' consumption and the upgrading of consumption structure. The findings show that: (1) except Beijing and Shanghai, the index of the rural industrial revitalization of all the provinces shows an overallsteady upward trend. Although it still presents aeast-centre-west stepping down trend in space, the average annual growth rate of the central and western regions is greater than that of the eastern region; (2) the revitalization of rural industries has a significant positive effect on the overall consumption level and the upgrading of consumption structure of rural residents; (3) the revitalization of rural industries has a positive effect on the eight major consumption expenditures of rural residents, among which the effect coefficients on clothing, household equipment, culture, education, entertainment and medical care expenditures are more significant. Therefore, to promote the consumption upgrading of rural residents by the revitalization of rural industry, and at the same time,to guide the development of rural industries by consumption upgrading can jointly provide strong support for the construction of China's new“dual circulation”development pattern, the implementation of the rural revitalization strategy and the achievement of the goal of common prosperity.

Key words: rural industry revitalization, rural residents' consumption upgrading, one-step system GMM estimation