China-made drones have become hot products for international buyers due to their diverse application scenarios at the 9th Drone World Congress that closed in Shenzhen, south China's Guangdong Province, Sunday.
The three-day event attracted 825 exhibitors from around the world with over 5,000 drone products displayed, including unmanned helicopters, unmanned multi-rotor drones and electric vertical take-off and landing (eVTOL) aircraft, and over 130,000 professional visitors and saw deals worth 20 billion yuan (about 2.78 billion U.S. dollars) signed.
"I am astonished by the number of exhibitors and by the number of attendees and visitors. So I like this event very much and I would be glad to come here next year," said Libor, a buyer from the Czech Republic.
International buyers from Southeast Asia, the Middle East, Europe, and Latin America wandered around the exhibition halls, selecting their favorite products from drones to drone-related parts. Many came to the conference with clear demands.
"I flew from India to attend this expo to meet like different companies and the suppliers. We are buying the motors, motor winding machines, different products, antennas, jammers around 1 million dollars. The event is amazing. So it's like you can find every type of technology in like under one roof," said Archit, an Indian buyer.
"On average, we have at least 700 to 800 customers a day, from South Korea and Southeast Asia, including Thailand, Malaysia, and Singapore. They are all interested in our aircraft, flight control products, accessories, and optical fibers," said Liu Xiaopeng, an exhibitor.
Shenzhen is home to more than 2,000 drone-related firms, with an annual output value of over 100 billion yuan (13.8 billion U.S. dollars), according to statistics. Shenzhen-based tech giant Tencent is also venturing into drone technologies.
"Tencent right now at the moment is world-known for its quality and Shenzhen itself is considered a hub of innovation and collaboration. I think China is very open to collaboration. It will bring a lot of value to merge your technology or knowhow and experience with international partners," said Clario Dinis Ferreira Wright, president of the Portuguese Drone Association.
China's consumer drones account for 74 percent of the global market, and its industrial drones make up 55 percent of the global market with more than 200 application scenarios, according to the Shenzhen UAV Industry Association.
As 5G communication and artificial intelligence evolve, China's industrial drones have expanded their application scenarios in cultural tourism, emergency response, transportation, urban management and other fields, prompting many companies to launch new products and new solutions to meet new market demands.
China-made drones attract international buyers at expo
China will strengthen fiscal and financial coordination to amplify policy effectiveness, experts said as the draft central and local budgets for 2026 were unveiled on Friday at the ongoing fourth session of the 14th National People's Congress.
According to the draft central and local budgets for 2026, 1.3 trillion yuan (190 billion U.S. dollars) of ultra-long special treasury bonds will be issued to provide continued support for the implementation of major national strategies and security capacity-building in key areas and for large-scale equipment upgrades and consumer goods trade-in programs.
Ultra-long special treasury bonds totaling 800 billion yuan will be allocated to support the implementation of major national strategies and security capacity-building in key areas, and 250 billion yuan in ultra-long special treasury bonds will be earmarked for consumer goods trade-in programs.
The country will refine these programs in terms of their scope and subsidy standards, and continue to support the scrapping and replacement of automobiles, home appliance trade-in schemes, and purchases of new digital and smart products.
China will also set up a 100-billion-yuan fiscal-financial coordination fund to boost domestic demand. The fund will support consumption and private investment through loan interest subsidies, financing guarantee, and risk compensation.
"Fiscal and monetary policies are the two major macroeconomic tools for macro-control, and their coordination is crucial. For instance, fiscal funds primarily serve as a guiding role, while financial institutions provide the capital. When fiscal guidance and financial resources are combined, the synergistic effect creates a result greater than the sum of its parts," said Yang Zhiyong, director of the Chinese Academy of Fiscal Sciences.
"By leveraging interest subsidies, we can mobilize substantial credit from financial institutions, thereby naturally stimulating consumption. The Ministry of Finance, in collaboration with the People's Bank of China, has introduced highly innovative measures, such as providing guarantees for the issuance of corporate bonds by small and medium-sized enterprises (SMEs), and compensating investors for losses. I believe the leveraging effect, making minimal efforts for maximum results, will become even more potent," said Yao Dongmin, director of the Center for China Fiscal Development under the Central University of Finance and Economics.
China's top legislature opened its annual session on Thursday morning at the Great Hall of the People in Beijing, with Chinese President Xi Jinping and other Party and state leaders attending the opening meeting alongside more than 2,700 NPC deputies. This year's NPC session is scheduled to run till March 12.
China to strengthen fiscal, financial coordination to amplify policy effectiveness: experts
