City Cluster in North China Forms Alliance for Low-Altitude Economy
On Saturday, the low-altitude economy industry alliance was established in Tianjin Municipality within the Beijing-Tianjin-Hebei city cluster, part of north China's economic circle. A total of 33 projects were officially signed.
TroibNews 
On Saturday, the Beijing-Tianjin-Hebei region, a key economic area in northern China, launched the low-altitude economy industry alliance in Tianjin Municipality, with the initiation of 33 new projects.
The initiatives undertaken include the development of a production line for low-temperature batteries, the creation of accompanying infrastructure, and the strategic design of a low-altitude public route within a science park, among other projects.
Representatives from Beijing, Hebei Province, and Tianjin were present at the event, which featured a drone display showcasing various uses of low-altitude space.
"The low-altitude economy is a typical representative of new quality productive forces, a new engine of economic growth, and a new track of industrial development," stated Guo Kangwei, the head of Baodi District in Tianjin.
According to Guo, Baodi is actively encouraging the seamless integration of science and technology innovation with industrial advancement, focusing on fostering industries connected to the low-altitude economy.
The low-altitude economy pertains to economic endeavors that occur within airspace typically under 1,000 meters, involving activities such as flights, and the transportation of passengers and goods.
A 2024 report from the Chinese government recognized, for the first time, the low-altitude economy as a burgeoning source of economic growth, highlighting vertical mobility as a pivotal new force in fields like passenger and freight movement.
By 2023, the low-altitude economy sector had grown to be worth 506 billion yuan (about $70 billion). Projections by China’s aviation authority estimate that by 2030, the industry could reach a valuation of 2 trillion yuan, marking a significant expansion from its current size.
(With contributions from Xinhua)
James del Carmen for TROIB News
The initiatives undertaken include the development of a production line for low-temperature batteries, the creation of accompanying infrastructure, and the strategic design of a low-altitude public route within a science park, among other projects.
Representatives from Beijing, Hebei Province, and Tianjin were present at the event, which featured a drone display showcasing various uses of low-altitude space.
"The low-altitude economy is a typical representative of new quality productive forces, a new engine of economic growth, and a new track of industrial development," stated Guo Kangwei, the head of Baodi District in Tianjin.
According to Guo, Baodi is actively encouraging the seamless integration of science and technology innovation with industrial advancement, focusing on fostering industries connected to the low-altitude economy.
The low-altitude economy pertains to economic endeavors that occur within airspace typically under 1,000 meters, involving activities such as flights, and the transportation of passengers and goods.
A 2024 report from the Chinese government recognized, for the first time, the low-altitude economy as a burgeoning source of economic growth, highlighting vertical mobility as a pivotal new force in fields like passenger and freight movement.
By 2023, the low-altitude economy sector had grown to be worth 506 billion yuan (about $70 billion). Projections by China’s aviation authority estimate that by 2030, the industry could reach a valuation of 2 trillion yuan, marking a significant expansion from its current size.
(With contributions from Xinhua)
James del Carmen for TROIB News
