During the last 20 years, China has intensively invested in public infrastructure. Such investment has proved profitable to the transportation sector, as it has made the market more accessible, facilitated the domestic market integration, lowered the production and transportation charges and made China a key competitor, both at domestic and international levels. Besides this, it has rendered assistance in reducing poverty by making services and economic opportunities accessible.
Infrastructure spending is a part of National poverty-mitigation program. Since 1990s, especially the 10th five-year plan, investment in transportation by Chinese government has increased manifold, courtesy, its proactive fiscal policy to propel economic growth and reduced poverty through transportation. The number and quality of rural highways has been uplifted. Almost all important cities in China are connected by highways indicating that highways are most widely used mode and thus are an important tool in boosting economy and reducing poverty in rural China.
To reach the level of infrastructure at par with the western world, China has started a 31 billion Yuan highway construction program. A contribution of 16.7 billion Yuan has been done by the Central government and the rest to be borne by local governments.
The recent report by RNCOS, “China Transportation Sector Analysis (2006-2007)” finds that China is one of the major developing country in Asia with a population over 1.3 billion (2005). More than 55% of passengers use road as the mode of transportation while railway and aviation sectors share 34.7% and 9.2% respectively.
Other area covered and key questions answered in the report are:
- Future outlook of Chinese transportation industry
- Opportunities and challenges facing the transport industry
- Forces driving the Chinese transport industry
RNCOS industry research report on “China Transportation Sector Analysis (2006-2007)” gives a wide research and concrete analysis of the Chinese transport sector. It also helps clients in analyzing the favorable chances crucial to the future success of Chinese transportation industry. Detailed analysis and data will help potential customers to have a through understanding of this growing Chinese transportation sector.