On July 5, a meeting was held in Baiyun district, Guangzhou, aimed at promoting the high-quality development of the low altitude economy and accelerating the construction of a comprehensive unmanned system in the entire airspace.

The low altitude economy is defined as flight activities that occur in low airspace by civil manned and unmanned aerial vehicles.

During the event, a number of low altitude economy industrial projects were signed into effects, including projects by Beijing Droneyee and Chengdu Jouav in Baiyun.

A drone produced by Beijing Droneyee company. [Photo/WeChat account: gz_baiyunfabu]

Beijing Droneyee plans to invest 100 million yuan ($13.75 million) in Baiyun to establish its South China headquarters and unmanned aerial vehicle production base, focusing on in-depth cooperation with Baiyun in areas such as urban high-altitude unmanned aerial firefighting.

Jouav plans to invest 1 billion yuan in Baiyun to establish a low altitude economy industrial park, which would include an unmanned aerial vehicle production base and a low altitude economy platform, with a focus on extensive cooperation in smart city management and other fields.

Baiyun boasts unique advantages, such as being home to Guangzhou Baiyun International Airport. In 2023, Baiyun airport handled 63.17 million passengers, ranking first nationwide and providing strong support for the development of the low altitude economy.

In conclusion, Guangzhou's vision and practical actions in the low altitude economy have opened up new possibilities for future economic development, providing opportunities for more businesses and talent to collaborate and grow.