Cutting through an overload of information to get to the heart of the story.
This is the point.
China has set its sides on the low altitude economy,
which means economic activities surrounding both manned and unmanned aircraft.
typically operating in airspace up to 1,000 metres above the ground.
From air taxis to delivery services to search and rescue operations,
low altitude air mobility is increasingly becoming a part of our daily lives.
In both last year's and this year's government work report,
the Chinese government pledged to foster new growth in the sector and promote its safe and sound development.
Now,
this sector is expected to reach a market value of 210 billion US dollars by the end of this year and more than double that by 2035.
China's first ever International Advanced Air Mobility Expo is taking place in Shanghai,
showcasing the latest advancements in the industry from home and abroad.
Why is China placing such importance on this emerging sector?
What changes will the low altitude economy bring to our daily lives and will the sector become the next battleground for major powers such as China and major economies such as China,
the US and European countries?
Welcome to The Point with Mi Lu-shin coming to you from Beijing.
I'm pleased to be joined from New York by Anthony Chen,
Global Chief Economist at Chen Economics and former Global Chief Economist at JPMorgan Chase.
From Shenzhen, southern China's Guangdong Province by Liu Xiaoshan,