DALIAN, China -- A short-lived attempt by a Chinese county to sell rights to access local airspace underscores the challenge China's regional governments face in supplementing their plunging income from land-use rights.
China debt crunch
China's failed airspace auction highlights local financial woes
Property slump spurs interest in tapping 'low altitude economy'
Interest in the so-called low altitude economy, like drone services, is growing in China amid a protracted slump in the real estate sector. © Reuters
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