China Plans First Commercial Rocket-Launch Company, Xinhua Says
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China plans to set up a commercial rocket-launch company in view of the market’s potential, the official Xinhua news agency reported.
China Sanjiang Space Group Co. is preparing to enter the commercial-rocket business with a launch slated for 2017, Xinhua reported Tuesday, citing the company’s chief engineer Hu Shengyun. Some Internet companies have expressed interest in collaborating on commercial launches, Hu said.