China's low-altitude economy lacks growth roadmap, says industry group

A drone is seen during a demonstration for the media before a news conference by Chinese food delivery company Ele.me on its drone delivery service, in Shanghai, China, on May 29, 2018. BEIJING: China's nascent low-altitude economy - made up of manned or unmanned aviation services at low elevations - has captured investors' interest but many lack information and guidance about how the sector could develop, an industry group said on Tuesday .

Its aviation regulator foresees a 2-trillion-yuan industry by 2030 - a four-fold expansion from 2023 - with vertical mobility seen as a"new productive force" in areas such as passenger transport and cargo deliveries. Luo said in early August, when the China Low Altitude Economic Alliance comprising more than 100 companies was established, that the group would take the lead in guiding cities to quickly develop applications that can be replicated commercially.

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