China shoots for the stars with big bet on commercial space sector

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The Chinese commercial space market is expected to exceed 2.5 trillion yuan (US$350 billion) in 2025, with Beijing positioning the industry as a key engine for future economic growth and global competitiveness. SHENZHEN: China is pushing harder than ever for science and technology independence in its next Five-Year Plan until 2030, placing particular emphasis on accelerating its space ambitions. The momentum comes as Beijing positions the space industry as a core driver of future economic

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