The Development of the Chinese Transportation Infrastructure: A Case of Highway Development

  • Brian W. Sloboda US Postal Service
  • Vincent W. Yao Fannie Mae


Economists have long envisaged that China would be a major economic power in the 21st century.   China along with India accounts for 18 percent of the global economy (on purchasing power parity basis) and 40 percent of the global working age population. During the past decade, China’s economy grew on average at ten percent per annum, and China’s share of world trade increased from one percent in early 1990s to six percent in 2004. China’s industrial production also increased at an annual rate of 17 percent in 2004.  Going forward, the continued economic growth of China will continue to impact other countries as well as provide impacts within China.  Long term impacts of this growth will likely result in spillover effects in countries surrounding China as well as other countries in the Pacific Rim. 

Author Biographies

Brian W. Sloboda, US Postal Service
Brian W. Sloboda was a former economist at the Bureau of Transportation Statistics in the U.S. Department of Transportation and the Bureau of Economic Analysis in the U.S. Department of Commerce.  Currently, he is a pricing economist at the US Postal Service.  He is teaching economics and statistics as an adjunct faculty for the University of Phoenix, University of Maryland, Park University, and the USDA Graduate School.  He has written numerous articles in regional economics, transportation economics, and labor economics.
Vincent W. Yao, Fannie Mae
Vincent Wenxiong Yao is currently an economist at Fannie Mae.  Prior to his position at Fannie Mae, he was an economist at the Institute of Economic Development at the University of Arkansas at Little Rock. He also has written numerous articles in regional economics, transportation economics, and business cycles.