Hey space enthusiasts! 🌟 China's taking a giant leap in the commercial space race by launching the brand-new \"Beijing Rocket Street\" in the capital's E-town. This isn't just any street—it's set to become a national-level hub for cutting-edge space science and tech, fueling the country's commercial space dreams.
In 2023, Chinese private rocket companies—most of them calling Beijing home—blasted off with 13 space launches. That's pretty epic, right? And guess what? Over 70 aerospace companies are clustered in Beijing E-town, including a whopping 75% of China's private rocket makers! 🚀
So, what's so cool about Beijing E-town? Spanning 140,000 square meters in the southeast of Beijing, it's more than just a tech park. It boasts a common tech platform, a high-end manufacturing center, and an innovation R&D center. Plus, there's an interactive science and tech exhibition hall in the works, promising visitors immersive virtual reality experiences. Imagine walking among the stars without leaving the city! 🌌
The local government's got big plans. They're helping rocket companies explore new tech and expand their applications. They've even kickstarted a commercial space alliance, bringing together businesses, universities, institutions, and co-ops. Talk about teamwork making the dream work! 🤝
Since China's government highlighted commercial space as a major growth driver earlier this year, regions like Shanghai, Hunan, and Sichuan have jumped on the bandwagon with their own plans to boost the industry.
And here's the cherry on top: data shows China's commercial space market has been skyrocketing since 2015, with an average annual increase of over 20% from 2017 to the first half of this year. By 2024, it's expected to be worth a stellar 2.34 trillion yuan (about $322.7 billion)! 💰
Reference(s):
China opens 'Beijing Rocket Street' to boost commercial space industry
cgtn.com
