(China Daily) NewSpace, low-altitude endeavors offer HK economic potential

A China Daily Hong Kong article dated April 24, 2025, highlights Hong Kong’s push into new space and low-altitude economies to diversify its economy.

Prof. Quentin Parker, Director of the University of Hong Kong’s Laboratory for Space Research, notes the commercial space sector, including satellite manufacturing and space tourism, could reach a $1.8 trillion global market by 2030, with Hong Kong poised as a regional hub due to its research strengths. The low-altitude economy, involving drones and aerial vehicles for rescue and logistics, shows vast potential. The government’s regulatory sandbox and Greater Bay Area collaboration will drive trials in 2025, boosting smart city development and economic growth.

China Daily Hong Kong, April 24, 2025, accessible at:
https://www.chinadailyhk.com/hk/article/610183#NewSpace,-low-altitude-endeavors-offer-HK-economic-potential-2025-04-24