Study On The Moderation Of Chinese Investment In Transportation Infrastructure

Since the reform and opening up, China’s economy has experienced30years ofrapid growth, each industry has also been a corresponding rapid development.Transportation industry as a contact for each link, the role of economic development isbecoming increasingly prominent. For historical reasons, China is facing a long-termstatus of the transportation infrastructure lags behind economic development needs. Inrecent years, in order to improve transport infrastructure bottleneck effect on economicdevelopment, China has proposed infrastructure appropriate development strategies,increasing investment in transport infrastructure. From the traffic point of view, the21stcentury, transportation, storage and postal industry, although the proportion ofinvestment decline than before, but still maintain a high proportion of about10%. Fromthe stock point of view, China’s large-scale investment in transportation infrastructure,highway, for example, at the end of2012, China’s highway mileage of4,237,500km,nearly five years to maintain an average growth rate of3.4%However, increasinginvestment in transport infrastructure, expanding transportation infrastructure areeffectively solve the bottleneck of China’s economic development? The current realitiesof how transport infrastructure of? Transport infrastructure investment in the end howmuch effective to achieve the purpose of promoting economic development?Transportation infrastructure investment if you want to limit the increase? Theseproblems have been gradually scholars discuss concerns. Based on these problems, thispaper based on the economics point of view, to the relationship between transportinfrastructure investment and economic growth as a starting point, designed to achievetwo research purposes: inverted U-shaped economic output and investment in transportinfrastructure between First discussion relations, in order to explain the existence oftransportation infrastructure investment a modest scale, inadequate investment willhinder economic development, but at the same transport infrastructure investment isalso not better. Second, by comparison with the existing scale appropriate scale toevaluate China’s current transportation infrastructure investment is moderate, the currentscale of investment in transport infrastructure is an effective solution to the bottleneckproblem of economic development.Through research the following conclusions: a presentation between economicoutput and investment in transport infrastructure inverted U-shaped relationship between transportation infrastructure investment with moderation. Investment andeconomic relations between our two transportation infrastructure. Meet the modesttheory. Third, China’s overall investment in the transport infrastructure is insufficient,construction level decreasing from east to west; Specifically, municipalities and someother cities in transportation infrastructure investment over the western provinces have amodest investment in infrastructure, lack of investment in most of the remainingprovinces.