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Title: China to invest US$30bn in intelligent transportation industry: expert
Source: [None]
URL Source: http://www.wantchinatimes.com/news/ ... ent?id=20151009000055&cid=1201
Published: Oct 9, 2015
Author: staff
Post Date: 2015-10-09 06:31:37 by Tatarewicz
Keywords: None
Views: 20

Want...

Wu Zhongze, chairman of China Intelligent Transportation Systems Association (ITS China), revealed in an exclusive interview with Xinhua during the 22nd ITS World Congress in France that China's investment in the intelligent transportation industry (ITS) is estimated to amount to about US$30 billion by 2020.

Wu said that intelligent transport has developed rapidly in China in recent years, noting that the country has established a national motor vehicle and driver information management system while public transport IC card systems are connected in the Pearl River Delta and eastern China's Jiangsu province. Electronic toll collection (ETC) systems are adopted in 29 Chinese cities, with 7,000 ETC lanes and more than 13 million end users.

According to Wu, the internet-based traveling model and industry innovation have also seen rapid development in China. Related News

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Taxi apps are now used in more than 300 cities across China, with more than 10 million service orders per day. Two national standards with China's independent property rights about "Cooperative ITS-DSRC" were released in 2014, Wu said.

In the future, China's ITS industry will build a platform for national electronic charging systems, promote information-sharing between buses, rails, civil aviation, and build a green transport system, Wu said.

The 22nd ITS World Congress is held in the southwestern French city of Bordeaux from Oct. 5 to 9, gathering 350 exhibiting companies and over 10,000 international public and private sector leaders in ITS.

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