Urban Public Transport financial Supporting Policies Study in China

With the rapid development of Chinese cities and economy, public transport demand is increasing rapidly, urban public transport priority development has become the focus of the China's transportation development policy. However, Chinese public transport supply and the huge demand for public transportation can't match. China has not established a sustainable financial support mechanism for urban public transportation. Urban public transportation infrastructure investment and operating loss are also needed to be compensated by the central and local government. In this paper, on the basis of analyzing the current situation of the development of urban public transportation in China, from the standpoint of legislation, the local financial support system, the central financial support system and cost-price linkage mechanism, a sustainable subsidy mechanism of Chinese urban public transport should be established in order to further promote the development of Chinese urban public transport.