// IP Marketing video - START// IP Marketing video - END

China targeting 15% share of satellite launch business

China targeting 15% share of satellite launch business

PanARMENIAN.Net - China is looking to increase its share of the global commercial satellite launching business, targeting a 15 percent share by 2020, The Associated Press reports.

China has just 3 percent of the market now, but the goal laid out Saturday, March 2, by a leading space program official points to its ambitions to be a major player in space.

The deputy head of the China Academy of Launch Vehicle Technology, Liang Xiaohong, told the official Xinhua News Agency that China hopes to accomplish that by establishing strategic alliances with major launch services providers and satellite manufacturers, along with developing its own technology.

China's main competition in the launch market comes from Europe and the U.S.

Liang said China's first solid-fuel rocket that could be launched on short notice would make its first flight by 2016.

 Top stories
The Israeli military said its aircraft attacked targets in Syria hours after a mortar bomb from fighting in Syria struck the Golan Heights.
Transnistria does not share a border with Russia. It has been de facto independent since the 1990s but is not internationally recognised.
Eight-seat Beechcraft planes will carry passengers to the Black Sea city of Batumi and the highland regions of Kazbegi and Svaneti.
One of the wounded soldiers later died in hospital despite all attempts to save his life, lifting the death toll to three, the military said.
Partner news