Enterprises eye China’s huge consumer market
2025-04-28 15:54 China Daily
Foreign companies are optimistic about the Chinese market, and domestic enterprises are strengthening their operations in China, tapping into new growth points within the vast domestic consumption market.
Sun Liye, vice-president of United Aircraft, emphasized the emergence of the low-altitude economy as a new growth point following the development of electric vehicles, with the potential of topping the globe in the coming years.
The low-altitude economy, which encompasses economic activities conducted below an airspace of 1,000 meters, including drone logistics, low-altitude tourism, aircraft manufacturing and flight training has been included in top-level policy designs in recent years.
The promotion of the low-altitude economy policies has further ignited enthusiasm for low-altitude flights, propelling rapid growth across the entire industry chain. The Civil Aviation Administration of China has previously forecast that the market size of the nation's low-altitude economy could reach 3.5 trillion yuan by 2035.
Sun said the industry's rapid development has also driven advancements in logistics, emergency rescue, agriculture, and other industries, catering to rapidly varying consumer demand.

Staff members from CP Group set up its exhibition area for CICPE 2025 on April 9.[CHINA DAILY]
Wang Zhao, COO of EHang, said the company's customers mainly consist of government bodies and companies in the cultural and tourism sectors.
“But personal ownership of aircraft or taking eVTOLs (electric vertical takeoff and landing aircraft) as 'air-taxis' is not far off. It is important to establish hubs for automatic recharging, maintenance and storage of aircraft, facilitating wider coverage of aircraft operations,“ he said.