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China establishes new division to oversee low-altitude economy growth for 2025

share-iconPublished: Monday, December 30 share-iconUpdated: Monday, December 30 comment-icon1 year ago
News sources:
SCMP
China establishes new division to oversee low-altitude economy growth for 2025

Credited from: SCMP

  • China has introduced a new division to develop its low-altitude economy, aiming to enhance growth for 2025.
  • The Low-Altitude Economy Development Division will formulate development strategies and coordinate major issues in the sector.
  • This sector focuses on unmanned aerial activities below 1,000 meters, including drone deliveries and air taxi services.
  • The NDRC has conducted seminars on networking and infrastructure for low-altitude operations, indicating a push for technological upgrades.
  • China’s low-altitude economy is expected to grow from 500 billion yuan in 2023 to 2 trillion yuan by 2030, highlighting its potential as an economic driver.

For more details, visit the original article here.

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China Low-altitude economy Economic growth National development and reform commission Drone delivery
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Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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