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China's Transport Infrastructure Investment: Past, Present, and Future
Author(s) -
Qin Yu
Publication year - 2016
Publication title -
asian economic policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.58
H-Index - 20
eISSN - 1748-3131
pISSN - 1832-8105
DOI - 10.1111/aepr.12135
Subject(s) - china , prosperity , investment (military) , poverty , transport infrastructure , economics , distribution (mathematics) , government (linguistics) , private sector , scale (ratio) , business , economic growth , economic policy , development economics , economic system , political science , geography , mathematical analysis , linguistics , philosophy , mathematics , cartography , politics , transport engineering , law , engineering
China has been heavily investing in transportation infrastructure since the 1990s. Consequently, connectivity has been significantly improved, both within China and between China and other countries. Such large‐scale investments have been made possible by various financing mechanisms from the central government, local governments, and the private sector. Research findings generally indicate that these infrastructure investments bring economic prosperity to the country, affect the distribution of economic activities, reduce poverty to a certain extent, and promote economic integration. The future trends of connectivity changes in China and relevant policy recommendations are also discussed in this paper.