// 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 necessary funds are and will continue being allocated, including those for the purchase of new modern weapons," he said.
Cemil Aksu was arrested on October 25 in the city of Artvin for allegedly “praising crime and criminals” in his social media posts.
The work is taking place two days after a magnitude-7.3 earthquake struck Sunday night Iran time, just as people were going to bed.
The provincial capital of Syria’s Deir ez-Zor province was declared entirely liberated following months-long battles with the IS.
Partner news