In a bold move to accelerate its commercial space ambitions, China has unveiled the “Beijing Rocket Street” project in the capital’s E-town. This initiative aims to establish a national-level hub for scientific research and production, supporting the rapidly growing private space enterprises that are shaping the future of China’s presence in space.
Propelling Towards the Stars
In 2023 alone, China’s private commercial rocket companies, all based in Beijing, have carried out 13 space launches. This remarkable feat underscores Beijing’s pivotal role in the nation’s aerospace sector. The E-town district, situated in the southeast of the capital, is home to a cluster of over 70 aerospace companies, including 75 percent of China’s private rocket manufacturers.
Beijing E-town is more than just an industrial zone; it’s a nexus of innovation and technology. The development area spans 140,000 square meters and is set to feature a common technological platform, a high-end manufacturing center, and an innovative research and development center. Visitors will soon be able to explore an interactive exhibition hall for science and technology, offering immersive virtual reality experiences that bring the wonders of space exploration closer to the public.
Collaborating for Success
The local government is optimistic that the “Beijing Rocket Street” project will propel rocket enterprises to explore new technologies and expand their applications. By spearheading a commercial space alliance, the government is bringing together a diverse group of businesses, universities, institutions, and cooperatives. This collaborative environment is designed to foster innovation, share resources, and drive the commercial space industry forward.
A National Vision for Space
Following the government’s emphasis on the commercial space industry as a key driver for new growth in this year’s work report, numerous provinces, including Shanghai, Hunan, and Sichuan, have announced plans to bolster the sector. The collective efforts signify a nationwide commitment to advancing China’s capabilities in space exploration and commercial applications.
A Skyrocketing Market
China’s commercial space market has experienced rapid growth since 2015. From 2017 to the first half of this year, the industry saw an average annual increase of over 20 percent. Projections estimate that the market will be worth 2.34 trillion yuan (approximately $322.7 billion) in 2024.
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China opens 'Beijing Rocket Street' to boost commercial space industry
cgtn.com
