China's Highway Development Related Issues

With the progress of science&technology and the upgrading of industrial structure,highway transportation is playing a more and more important role in our society.At present.highway construction has been one of the fastest growing segments.Based on this background.this paper focuses on highway construction,investment and its debts.The whole paper is composed of four parts having altogether of six chapters.The first part contains the first and second chapter.describes the necessity of developing the highway infrastructure and studies its relevent theory such as the relations between demand and supply of highway transportation,the function expression of transportation demand,the adaptable relations between highway infrastructure and economic development.the changing of highway investment policy in our country and so on.The second part is the third chapter,which studies the highway's construction scale.The conclusion can be drawn from summarizing several typical countries's highway construction that most developed countries reduce the difference between regions via highway construction in a big way.when the economy reaches a certain degree.This exemplifies the validity of our high-speed highway building in western regions.The elastic coefficient of mileage and GDP in our country is compared with that of Germany.Reasonable proportion of highway construction and its density is discussed from point of sustainable development.The third part includes chapter four and five,mainly deals with the problem of highway investment.The order of affected factors of highway investment is analyzed quantitatively by Grey Relational Analysis;the relations between highway investment and insustrial structure is discussed by using GM(1,N) modeljthe amount of highway investment and the structure of investment are described in detail;the application of GM(1,1) model to fit the real value of investment and a forcast being made.The last part includes chapter six,which indicates the trend of highway debts and forcasting the coming two years'debts.Giving a set of indicators toestimate the risks of highway debts.Establishing the model which can test whether the highway debts surpass the marginal conditions which can work steadily.At last, several measures are brought forward to reduce the risks of highway debts to the minimum.