In a China first, low-altitude sector hits turbulence as subsidies face reality check

Hangzhou, a major Chinese tech hub, is considering ending dedicated funding for its low-altitude economy. This would be the first city in China to do so, as the government proposes repealing a full financial support package for the sector. The move comes after a recent aviation accident in Beijing, which may have highlighted the risks associated with low-altitude activities. This decision could have implications for the growth and development of China's low-altitude economy, as subsidies play a crucial role in supporting the sector.

Why it matters

China's low-altitude economy is facing a reality check as subsidies are being pulled. This could lead to a shift in the sector's growth trajectory.

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