BUSINESS OPPURTUNITIES AT INTERTRAFFIC CHINA
Spending an estimated $121 billion annually on transport infrastructure, the Chinese traffic and transport industry offers enormous opportunities. Looking ahead the Chinese government planning to spend $1.5 trillion in infrastructure over the next 15 years, with a $340 billion investment in road construction.*
The main challenges faced within China’s major cities include traffic jams, pollution and overcrowding. Smart mobility will be an integral part of the projects solving these problems.
*Source: Statista, Commonwealth Bank
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FOCUS ON HIGH TECH SUPPLY AND DEMAND
CHINA KEY REGION
China is the 2nd largest economy in the world. In 2024, China is one of the fastest growing economies in the world, with a YoY GDP growth rate of 5,4 percent.
China is a key region of Asia with growth forecast for all the important sectors of the economy. It is continuing to pursue a free-market policy. The conditions for foreign companies are improving steadily - more legal certainty, admission to the WTO, tariff reductions, privileges for foreign investors and liberalisation of trade.
