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Shanghai Launches Space Technology Production Hub Plan


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Shanghai officials want the city to become a specialised centre for low-cost commercial satellites and reusable rockets by 2025


Shanghai space tech hub plans
China has ambitions to be a major space power by 2030. Reuters file photo.

 

Shanghai’s city chiefs have revealed ambitious plans to be a technology hub for the development of space technologies, including reusable rockets which can vertically take off and land, by 2025. 

The city will also set up mass production lines for low-cost commercial satellites and assembly lines for rockets, according to a notice published on the website of Shanghai’s local government on Wednesday.

China is striving to be a major space power by 2030, with several cities now stepping up efforts to advance the development of satellites and rockets.

 

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Last year, the southern tech city of Shenzhen offered up to 300 million yuan ($47 million) in financial incentives for every project related to the development of satellites and related industry applications.

China is also planning a new commercial space port in the southern province of Hainan. It is also constructing China’s fifth rocket launch site in the eastern port city of Ningbo in Zhejiang province. 

 

  • Reuters with additional editing by Sean O’Meara

 

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Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

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