by KFH Research Ltd

Robust growth in China's infrastructure sector has been driven by the country's strong economic growth, encouraging demographics, rapid urbanisation and motorisation trends as well as increasing infrastructure upgrading needs. Growth has been particularly apparent in China's road transport sector. According to the World Bank, since 1990, China's road assets have grown faster than its GDP.

Since 1998, total expenditure on transport infrastructure has exceeded 5% of GDP, of which roads accounted for about 3.5% of GDP. The country has significantly increased the capacity of its railway network. Ports and inland waterways as well as its air transport sector have also seen major investments. Better infrastructure in China (which began opening its economy in 1978, 13 years before India did) helped it attract US$75 billion (RM247.5 billion) of foreign direct investment (FDI) in 2007, compared with India’s US$50 billion since 1991.

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Posted by boyang at August 12, 2008 8:22 PM