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Low-altitude economy
OpinionHong Kong Opinion
Opinion
Ken Chu

How Hong Kong can help ‘Bay Area in the Sky’ take flight

As gateway cities to the world, Hong Kong and Shenzhen have an opportunity to carve out a leadership role in the global low-altitude economy

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Drones take the shape of a horse painted by Chinese artist Xu Beihong during a show over Victoria Harbour on September 28. Photo: Dickson Lee
Ken Chu (LLD) is the chairman and CEO of Mission Hills Group, with businesses in hospitality, leisure, entertainment, sports, wellness and education in China.
Hong Kong’s economy is expanding, and the outlook remains positive as we close the year. In recent months, the term “low-altitude economy” has taken on prominence in development discussions. At present, about 30 mainland provinces have incorporated low-altitude economy initiatives into their government work reports or launched related policies.
Hong Kong has also taken significant steps, establishing a working group on low-altitude economy development and sending a dedicated team to Shenzhen to explore cross-border drone collaborations.

This emerging sector is seen as heralding a new era in productivity and being a catalyst for the entire industrial value chain. In fact, the scale of China’s low-altitude economy exceeded 500 billion yuan (US$68.8 billion) in 2023 and is projected to surpass 2 trillion yuan by 2030.

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