Chinese company releases new digital products supporting commercial aerospace, low-altitude industries

Chinese researchers on Monday introduced advanced digital products designed to better support commercial aerospace operations and low-altitude flight activities at a current aerospace information conference in east China's Wuxi City.

Geovis Technology Co., Ltd., a Chinese company specializing in digital space technology services, launched the new generation of its computing and analytical platform designed for commercial aerospace applications.

Built on the company's data cloud technology, this platform uses smart algorithms and big data capabilities to help with aerospace tasks like intelligent satellite layout planning, analysis of satellite communication interference, strategies for on-orbit services, and design of orbits for deep space exploration.

The platform also offers improved calculations for warning about potential satellite collisions, which is crucial as the number of satellites in space continues to increase.

"Our entire data cloud system includes data from 350 satellites, nearly a thousand algorithms designed for processing satellite data, and the computing power of four supercomputers. This integration enhances our ability to provide comprehensive aerospace information," said Shao Zongyou, CEO of Geovis Technology Co., Ltd.

Additionally, the company has introduced another product this time: a system developed using its data cloud technology, aimed at enhancing intelligent management and service levels in low-altitude domains. This system can simulate low-altitude environments, monitor real-time flight dynamics, plans optimal paths, and coordinates multiple aircraft to prevent collisions.

Chinese company releases new digital products supporting commercial aerospace, low-altitude industries

The European Central Bank (ECB) announced on Thursday that it would slash key interest rates by 25 basis points in a bid to wind down the restrictive monetary policy.

Effective from March 12, the interest rates on the deposit facility, the main refinancing operations and the marginal lending facility will be decreased to 2.50 percent, 2.65 percent and 2.90 percent respectively, said the central bank in a statement.

The disinflation process is well on track, with headline inflation averaging 2.3 percent in 2025, 1.9 percent in 2026 and 2.0 percent in 2027, the ECB said.

The decision to keep on cutting rates came at a time when the economy in the eurozone is facing increasing uncertainties.

In its latest edition of the staff projections on Thursday, the ECB lowered its forecast for economic growth in the eurozone to 0.9 percent for 2025, 1.2 percent for 2026 and 1.3 percent for 2027.

This marks a downward revision from the ECB's forecast in December last year, which had projected 1.1 percent growth in 2025 and 1.4 percent in 2026, while the 2027 outlook remains unchanged.

The ECB attributed the weaker growth outlook for 2025 and 2026 to declining exports and sluggish investment, citing high trade policy uncertainty and broader economic instability as key factors.

ECB cuts interest rates by 25 basis points