China is slowly working its way into the limelight, recently announcing its plan of playing a more prominent role in the global commercial satellite launching business. The country, which currently has a three percent share of the market, is seeking to have a 15 percent share by 2020.
The country is expecting to establish strategic alliances with major satellite manufacturers and launch services, all while developing its own technology. Liang Xiaohong, the deputy head of China Academy of Launch Vehicle Technology, said that China’s first solid-fuel rocket would make its first space flight in 2016.
China’s main competitors in the satellite launching business come from the U.S and Europe.
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