China: China debuts world's first consumer-grade wing-in-ground watercraft.

Storyline China debuts world's first consumer-grade wing-in-ground watercraft It’s not a plane . . . and it’s not a ship. Chen Tong, Reporter: "This is the world’s first consumer-grade wing-in-ground craft. That is to say, it can skim over the water." Between 30 and 80 centimeters above the water, its maximum speed can reach 85 kilometers per hour. This craft is developed by a domestic company. Ninety percent of its business goes overseas, which is the major target market for this craft. No need for an airport, or a special parking place. The company says besides transportation alone, there are other possibilities. Wang Yaozhang, Chief Product Officer, NAVEE: "It can be used in some entertainment projects and luxury hotels, resorts and yacht clubs. We think its usage scenario is very close to yachts." According to Morgan Stanley, the global low-altitude economy market size will exceed 2 trillion US dollars by 2030. And China’s patents in the low-altitude industry rank first worldwide, already accounting for 51 percent of the global total. He Jiangpeng has been exporting China's smart innovations such humanoid robots for five years. He Jiangpeng, Co-founder, Hangzhou Guangzhilu Tech: "We’ve reached some dozens of intended orders in the United States. From observation, China’s manufacturing industry is becoming stronger." China’s smart manufacturing exports have seen significant growth over the past few months. In the first quarter of this year, the added value of the equipment manufacturing industry rose by 6.2 percent year on year, contributing nearly 20 percent to the country’s industrial growth. And innovative products such as the wing-in-ground craft could propel that growth further. [Restrictions: No access Chinese mainland]