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China has said its ‘low-altitude economy’ will be given direct and indirect aid to ensure this growth sector is nurtured enough to reach its full potential – billions in value by 2030, government research has suggested.
Nansha, a district in China’s southern provincial capital of Guangzhou, has been christened as a test bed for the ‘low-altitude economy’, an emerging industry covering unmanned vehicles, particularly drones.
Unmanned passenger drone from Chinese firm EHang completed its first commercial flight demonstration in Guangzhou on Thursday, as China moves ahead with its low-altitude economy push.
China’s low-altitude economy was listed as one of the strategic emerging industries to cultivate during the recently concluded central economic work conference.
Both Russia and Ukraine have used loitering munitions successfully in the current war – and China is watching closely.