Drone Industry A Critical Piece of China’s $124 Billion “New Silk Road”
When Chinese President Xi Jinping and 29 other heads of state agreed to an open economy and a policy of free and inclusive trade last month, the announcement rippled across industries. But China’s “New Silk Road” – the multi-billion dollar initiative which will build new infrastructure and trade links across the globe – may boost the drone industry first.
China dominates drone manufacturing, both commercial and recreational. Leading commercial manufacturer MMC has seen the country’s move towards an open trading system bring new relationships – and a steady stream of ambassador delegations from around the world.