(EyesOnsci)CHINA-LIAONING-LOW-ALTITUDE ECONOMY-DEVELOPMENT (CN)

(240515) -- SHENYANG, May 15, 2024 (Xinhua) -- Technicians debug a UAV at Shenyang WooZoom Technology Co., Ltd. in Shenyang, northeast China's Liaoning Province, May 13, 2024. The low-altitude economy is emerging as a forerunner in developing new quality productive forces across China. Shenyang, one of the country's oldest industrial hubs noted especially for its aerospace R&D and manufacturing sector, has established a robust industrial chain that provides a solid foundation for the development of the low-altitude economy.

The low-altitude economy is an economic concept that relies on low-altitude airspace, with the general aviation sector playing a dominant role. It involves economic sectors such as low-altitude flight, air tourism, passenger transportation, general aviation services, scientific research and education, among others.

The market size of China's low-altitude economy is expected to surge from over 500 billion yuan (about 70.36 billion U.S. dollars) in 2023 to 2 trillion yuan by 2030. (Xinhua/Yang Qing)

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