Beijing adopted sweeping revisions to its decades-old Civil Aviation Law on Saturday, formally bringing uncrewed aircraft such as drones under the national legal framework for the first time and signaling state support for the country’s rapidly growing low-altitude economy.
The revisions, which will come into effect on July 1, were approved by the National People’s Congress Standing Committee and are a critical step in closing long-standing gaps in safety regulation. They will also guide…
The overhaul is also tied to the Chinese government’s drive to build the low‑altitude economy, covering commercial activities below 3,000 metres (9,840 feet), such as parcel deliveries and urban logistics.
Estimates released last year by the CAAC suggested that this sector was already valued at over 500 billion yuan in 2023, with projections to exceed 2 trillion yuan (US$280 billion) by 2030, making drones and other low‑altitude platforms potential pillars of growth.
500 B Yuan is $71 B USD. They have $71 B worth of annual spend on drone based logistics?
It’s speculative valuation, not actual revenue. Same thing as the AI bubble, it’s being massively overhyped for the sake of investors.
Yes, I guess that would make more sense.
I would be much more interested in revenue divided by segment/use case.
That really would be interesting!
