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China Unveils 2025-27 Plan to Lead in Commercial Space Sector

SPACE ECONOMY

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.

China Unveils 2025-27 Plan to Lead in Commercial Space Sector
Jan 20, 2026, 6:05 AM

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