Abstract The primary goal of this paper is to illustrate the development of economic regulatory policies in China that have been aimed at accelerating the process of expressway infrastructure construction. Although China's expressway infrastructure originates from June 1984, this relatively late initiation still clearly demonstrates the characteristics of rapid expansion, which forms an interesting context for an analysis of regulatory policies. Based on levels of economic development and geography, China can be divided into three macro regions, i.e. eastern, central and western regions. The rapid development of expressway infrastructure, the pattern of investment, the sources of financing and regional differences in investment in the three macro regions are described. Finally, an ex-post evaluation of the principles underpinning the evolution of regulatory policies for expressway infrastructure in China is carried out, based on a qualitative equity and economic efficiency framework.


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    Title :

    Evolution and assessment of economic regulatory policies for expressway infrastructure in China


    Contributors:
    Xu, Meng (author) / Grant-Muller, Susan (author) / Gao, Ziyou (author)

    Published in:

    Transport Policy ; 41 ; 42-49


    Publication date :

    2015-01-01


    Size :

    8 pages




    Type of media :

    Article (Journal)


    Type of material :

    Electronic Resource


    Language :

    English


    Keywords :

    ALP , Anti-monopoly Law of the People's Republic of China , ARE , Administrative Rules on Establishment of Permanent Representative Offices on Foreign Waterway and Highway Transport Enterprises , CCC , Circular of the State Council Concerning Several Policies on Carrying out the Development of China's Vast Western Regions , CGF , Catalogue for the Guidance of Foreign Investment Industries , CMF , Circular of the Ministry of Foreign Trade and Economic Cooperation Concerning Absorption of Foreign Investment by Means of BOT , CFO , Circular on Further Opening the Investment Field of Road Transport to Foreign Investors , DSC , Decision of the State Council on Reforming the Investment , HLP , Highway Law of the People’s Republic of China , IPG , Interim Provisions on Guiding Foreign Investment Direction , PAR , Provisions on the Administration of Road Transport Services with Foreign Investment , PLP , Pricing Law of the People’s Republic of China , RAT , Regulation on the Administration of Toll Roads , RTS , Road Traffic Safety Law of People’s Republic of China , RII , Rules for the Implementation of the Income Tax Law of the People's Republic of China on Enterprises with Foreign Investment and Foreign Enterprises , TFY , The 11th Five Year Plan on Foreign Capital Utilization , BOT , Build-Operate-Transfer , BT , Build-Transfer , BOO , Building-Owning-Operate , CNHs , China National Highways , FDI , Foreign Direct Investment , FETC , Foreign Economic Relations and Technological Cooperation , MOC , Ministry of Commerce , MOT , Ministry of Transport , MFTEC , Ministry of Foreign Trade and Economic Cooperation , NBSC , National Bureau of Statistics of China , NDRC , National Development and Reform Commission , NTHS , National Trunk Highway System , PFI , Private Finance Initiatives , PPP , Public–Private Partnerships , TOT , Transfer-Operate-Transfer , Economic regulation , Transport Infrastructure , Expressway , China




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