China Unveils 2025-27 Plan to Lead in Commercial Space Sector
China has announced its 'Action Plan for Promoting the High-Quality and Safe Development of Commercial Space (2025-27)', aiming to strengthen its commercial space sector by 2027. The plan includes initiatives such as opening national R&D projects to private firms, establishing a national commercial space fund, and focusing on reusable rocket technology, with the LandSpace Zhuque 3 rocket's upcoming maiden flight. Despite facing competition from companies like SpaceX, China aims for significant growth in its $15 billion commercial space market through innovation and government support.
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On November 25, China announced the 'Action Plan for Promoting the High-Quality and Safe Development of Commercial Space (2025-27)' to enhance its position in the commercial space sector by 2027. The plan includes opening national R&D projects to private firms, establishing a national commercial space fund, and creating unified technical standards.
Key initiatives focus on reusable rocket technology, with the LandSpace Zhuque 3 rocket set for its maiden flight. China's commercial space sector, valued at over $15 billion in 2024, aims for rapid growth through regional tech hubs and international collaboration. Despite challenges, including competition with SpaceX and regulatory barriers, the plan emphasizes innovation and government support.
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