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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Since the beginning of the new year, China has demonstrated continuous progress in the field of commercial space exploration.
Commercial spaceflight is a strategic new industry, driven by market mechanisms and driven by scientific and technological innovation. It is becoming a key area for developing a new level of productive capacity.
Multiple factors have been key drivers of the rapid growth of commercial spaceflight: favorable policies, capital support, and technological breakthroughs.
Beginning in 2025, a series of favorable policy measures accelerated the development of commercial spaceflight. These included the establishment of a Commercial Space Department within the National Space Administration, the publication of the Action Plan for Promoting High-Quality and Safe Development of Commercial Spaceflight (2025-2027), and the Shanghai Stock Exchange's establishment of clear "roadmaps" for commercial rocket companies seeking to list on the STAR Market.
According to incomplete statistics, more than 20 provinces, autonomous regions, and municipalities directly under the central government have issued over 40 industry policies related to the development of commercial spaceflight. Three main commercial space industry clusters have initially emerged: the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Pearl River Delta.
Capital is actively responding to calls for commercial space development. According to the "China Commercial Space Industry Development Report (2025)," total funding for this industry in 2025 reached 18.6 billion yuan, a 32% increase over the previous year. In December 2025, the country established its first dedicated public fund for commercial space exploration—the "Lingchuan Commercial Space Leadership Alliance Science and Innovation Fund," positioned as "patient capital." At least five leading launch vehicle developers are in the process of going public.
On the technical side, the number of rocket launches increased significantly in 2025. The commercial spaceport in Hainan began regular operations.
"2026 will be a significant year," said Long Kaicong, Vice Chairman and Secretary General of the Lichuan Commercial Space Leadership Alliance. He highlighted several key trends: a significant breakthrough in reusable rocket technology is expected, along with a further increase in the frequency of satellite launches; users will begin to experience the benefits of satellite internet; and the successful implementation of technologies and the search for new applications will create a broad base for educational and outreach projects in the field of space.
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