China’s private companies reaching for the stars


  • Smebiz
  • Monday, 18 Mar 2019

Lift-off: A security cordon is placed around the launch site of an OS-X suborbital rocket, which was developed by OneSpace Technology Group Co Ltd, in northwestern China last May.

SATELLITES have become the latest gold mine for private companies in China as they rush to reach for the stars in the space sector.

The country’s satellite industry, which used to be dominated by state-owned enterprises, is gradually changing and opening to private players.

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