China Introduces Action Plan for Commercializing Flying Cars in “Low-Altitude Economy”
Economy

China’s ‘Low-Altitude Economy’: The Future of Urban Aviation and How Beijing Plans to Boost its Aerospace Industry

The Ministry of Industry and Information Technology is leading an initiative by the Chinese government to establish a new growth engine for the economy through the development of flying cars. The aim is to develop the aviation sector for low-altitude airspace, with electric vertical takeoff and landing aircraft (eVTOLs) or air taxis being introduced in regions such as Guangdong province, Hong Kong, and Macau. By 2030, Beijing plans to have a new aviation equipment industry in place where eVTOLs and drones will operate at low altitudes to offer intelligent and eco-friendly air travel and ferry services across various sectors of society. This move underscores China’s commitment to enhancing its aerospace industry and embracing innovative aviation technology to boost economic growth. The idea of a “low-altitude economy” was first mentioned in the government work report during the annual parliamentary meetings that concluded on March 11.

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