China's Economic Growth Slows, But Flying Taxis Surge
China's economic growth unexpectedly slowed to the worst pace in five quarters in data released.
An increasing number of flying taxis like Prosperity are spotted buzzing above.
China's economy is slowing down, but its flying taxi industry is taking off. The country's economic growth unexpectedly slowed to the worst pace in five quarters in data released this week. Despite the economic headwinds, the number of flying taxis operating in China has surged in recent months.
According to the Civil Aviation Administration of China (CAAC), the number of newly-registered unmanned aircraft or drones surged by 48% in China in the first six months of the year.
The low-altitude economy, which includes drones and flying taxis, is expected to contribute between 3 trillion yuan and 5 trillion yuan (US$705 billion) to China's GDP by 2025. The government is promoting the low-altitude economy as a new strategic industry to boost growth.
China could soon become the first country in the world with flying taxis as part of its transportation system. Beijing is planning to launch a pilot program for flying taxis in the coming years.
Comments