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