Proceedings of the 2022 International Conference on Urban Planning and Regional Economy(UPRE 2022)

Features and Development of China’s Highway Investment Policy

Authors
Jie Shao1, 2, Jiaqiang Wang1, Xinxin Yu1, Guoyi Tang*, 1, 2
1Transport Planning and Research Institute, Ministry of Transport, Beijing, PRC, 01057802850
2Laboratory for Traffic & Transport Planning digitalization, Beijing PRC, 01057802850
*Corresponding author: tanggy@tpri.org.cn
Corresponding Author
Guoyi Tang
Available Online 16 May 2022.
DOI
https://doi.org/10.2991/aebmr.k.220502.045How to use a DOI?
Keywords
highway construction; investment policy; vehicle purchase tax subsidy; policy evaluation
Abstract

The purpose of this paper is to propose suggestions on how to effectively solve the problems of insufficient financing funds in highway development, and how to make full use of the national highway investment policy in guiding funds allocation. It analyzes the interactive relationship between the growth of highway investment and the development of highway construction. With in-depth studies on the differences of highway investment policy in different stages, this paper explores the features of the vehicle purchase tax subsidy, including its regional support policy, directional support policy and its subsidy standards. In addition, the paper also evaluates effects of the investment policy in terms of boosting national economic growth and promoting coordinated regional development. In conclusion, the paper sums up best practices in the implementation of the highway investment policy, namely keeping the investment scale to meet the requirements of highway development, issuing differentiated policies in different stages and for different fields, exploring more flexible and diverse investment methods to provide solid support, and innovating the management modes in accordance with the reform on the division of power and responsibilities of the government, which helps to improve the effectiveness and the efficiency of the utility of funds.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the 2022 International Conference on Urban Planning and Regional Economy(UPRE 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
16 May 2022
ISBN
978-94-6239-578-7
ISSN
2352-5428
DOI
https://doi.org/10.2991/aebmr.k.220502.045How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

TY  - CONF
AU  - Jie Shao
AU  - Jiaqiang Wang
AU  - Xinxin Yu
AU  - Guoyi Tang
PY  - 2022
DA  - 2022/05/16
TI  - Features and Development of China’s Highway Investment Policy
BT  - Proceedings of the 2022 International Conference on Urban Planning and Regional Economy(UPRE 2022)
PB  - Atlantis Press
SP  - 250
EP  - 255
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220502.045
DO  - https://doi.org/10.2991/aebmr.k.220502.045
ID  - Shao2022
ER  -