10 July 2020
China now has more than 100 private space companies that are creating reusable rockets, sending payloads into their pre-set orbits and quickly catching up with global leaders such as American-owned SpaceX. Professor Yang Yuguang from China Aerospace Science and Industry Corporation, and Vice Chair of IAF Space Transportation Committee told CGTN that China will have private company better than SpaceX sooner or later. "You see they are already very innovative and very active in developing new technologies." He also believes there will be no essential conflicts between private companies and state-owned enterprises because the enormous size of the market potential. "In the upstream and downstream, there are more such examples. You can choose the components, parts, devices or subsystems from either the state owned companies or from the private companies. For the downstream such as applications you can see more companies in China already engage in providing services related to Earth observation, communication and so on," said Yang.
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