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

According to a report by SCMP… A major Chinese tech hub is moving to pull the plug on dedicated funding for its low-altitude economy, making it the first city in the country to propose repealing a full financial support package for the sector.
The proposal in Hangzhou, the capital of Zhejiang province, comes after the deadly crash of a small aircraft into Beijing’s tallest skyscraper in June. Still, some analysts contend that the reversal does not signal broader policy tightening for the low-altitude economy, but rather a… complete report is on link below. Source: https://www.scmp.com/economy/china-economy/article/3368273/china-first-low-altitude-sector-hits-turbulence-subsidies-face-reality-check?utm_source=rss_feed