// 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
He acknowledged that the U.S. government has yet to request that Ankara waive diplomatic immunity for the Turkish bodyguards.
U.S. Senate challenger Danny Tarkanian has blown past incumbent Sen. Dean Heller (R-NV) per a new poll out of the state of Nevada.
John Heffern, a veteran diplomat, is currently the acting assistant secretary for European and Eurasian affairs.
NASA plans to take advantage of the asteroid's close approach to capture radar images and learn more about Florence's surface features.
Partner news