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China's general aviation industry achieves remarkable progress: report

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China

China's general aviation industry achieves remarkable progress: report

2024-10-26 19:57 Last Updated At:21:17

China's general aviation has made significant strides in aircraft manufacturing and operation, with the number of registered enterprises in the traditional sector and the burgeoning unmanned aerial vehicle (UAV) industry rising to over 700 and 17,000, respectively, according to two reports released on Saturday.

Multiple sub-forums of the Second CATA Aviation Conference were held in Beijing on Saturday, with the Development Report on China General Aviation and the Development Report on China Civil Unmanned Aerial System released.

According to the reports, the general aviation flight hours, the number of general aviation aircraft and the number of operating companies in the field all hit record highs last year.

In 2023, the traditional general aviation sector completed 1.371 million hours of flight operations, an increase of 12.4 percent over the previous year.

From January to July this year, the sector handled a total of 517,000 hours of commercial flights, of which 13,000 hours were passenger-carrying operations.

As of July this year, China had 712 registered general aviation enterprises.

In 2024, a total of 206 companies in the sector has received special funds for general aviation, with the total amount reaching 595.4 million yuan (about 83.61 million U.S. dollars).

"General aviation refers to civil aviation activities except air transport, such as agricultural and forestry plant protection, industrial line patrol, and emergency rescue, as well as the UAV operations that we are all very familiar with. General aviation has developed very rapidly in recent years. The main reason is that the new quality productive forces represented by UAVs have led the development of general aviation," said Sun Weiguo, general manager of the General Aviation Department under the China Air Transport Association.

China's UAV industry has maintained rapid growth over the past couple of years, with the annual growth rate of its economic scale 10 percentage points higher than that of the traditional general aviation, growing into an important driving force for the development of the low-altitude economic industry.

So far, more than 17,000 enterprises in China are engaged in UAV operations, with the number of UAVs registered nationwide exceeding 2 million.

In the first eight months of this year, the country's civil UAVs flew 19.461 million hours, up 15.6 percent year on year.

China's patent applications in the UAV industry now account for more than 70 percent of the world's total.

China's general aviation industry achieves remarkable progress: report

China's general aviation industry achieves remarkable progress: report

China's general aviation industry achieves remarkable progress: report

China's general aviation industry achieves remarkable progress: report

China's outstanding aggregate social financing -- the total amount of financing to the real economy -- reached 442.12 trillion yuan (about 63.4 trillion U.S. dollars) as of the end of 2025, up 8.3 percent year on year, central bank data showed on Thursday.

The country's aggregate social financing stood at 35.6 trillion yuan (about 5.1 trillion U.S. dollars) in 2025, up by 3.34 trillion yuan (about 479 billion U.S. dollars) from the year 2024, said the People's Bank of China (PBOC), the country's central bank.

According to the data, the M2, a broad measure of money supply that covers cash in circulation and all deposits, increased 8.5 percent year on year to 340.29 trillion yuan (about 48.8 trillion U.S. dollars) as of the end of December.

In addition, outstanding yuan loans stood at 271.91 trillion yuan (about 39 trillion U.S. dollars) at the end of 2025, up 6.4 percent year on year.

China's aggregate social financing maintains high growth in 2025

China's aggregate social financing maintains high growth in 2025

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