From 2013 to 2023, China's road infrastructure investment per inhabitant has generally shown significant growth, peaking in 2020 at 494.52 USD per inhabitant before experiencing a gradual decline. Investments from 2021 onward have contracted, with a notable decline of -5.42% in 2021 and a year-on-year decrease of -2.64% in 2023. The compound annual growth rate (CAGR) over the past five years stands at -0.29%, reflecting a slowing momentum in road infrastructure spending.

The forecast for the upcoming years indicates a continuing downward trend in road infrastructure investment. By 2028, the forecasted CAGR is -1.45%, translating to a forecasted five-year growth rate of -7.06%. This projection suggests a sustained reduction in investment intensity.

Future trends to watch for:

Potential policy shifts towards sustainability and smart infrastructure.
Emerging technologies such as autonomous vehicles requiring different infrastructure investments.
Economic factors influencing governmental budgeting and expenditures on road infrastructure.