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Home > Industry News > Synergy between fiscal policy and transportation industry: a new engine for real economic growth
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First, the rational regulation of fiscal policy provides a strong guarantee for the construction of transportation infrastructure. By increasing investment in the transportation sector, building and improving roads, bridges, ports and other facilities, better operating conditions have been created for various modes of transportation. For example, newly built highways make cargo transportation faster and more efficient, reducing transportation time and costs.
The loosening or tightening of monetary policy will also have an impact on the transportation industry. Loose monetary policy can provide more credit support for transportation companies, making it easier for them to purchase advanced transportation equipment and improve transportation capacity and service quality. On the contrary, a tightening monetary policy may lead to an increase in corporate financing costs, limiting their pace of expansion and upgrading.
Take air transport as an example. Although it is not mentioned directly, as a representative of high-end transportation, it is also indirectly affected by fiscal and monetary policies. For example, fiscal investment in airport construction directly improves the infrastructure conditions of air transport. Monetary policy affects the fluctuation of aviation fuel prices, which in turn affects the cost and freight rates of air transport.
In regional economic development, the synergy of fiscal and monetary policies is crucial to building an efficient transportation network. In economically active regions, the government uses active fiscal policies to attract investment and build modern logistics parks and transportation hubs. At the same time, supporting monetary policies provide companies with sufficient funds, promote cooperation and competition among transportation companies, and promote innovative development in the transportation industry.
In short, the continued efforts of fiscal and monetary policies are like two powerful hands, driving the real economy, including the transportation industry, forward and injecting continuous impetus into economic prosperity.