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China Focus: Tech innovations boost China’s commercial space industry

BEIJING, Jan. 10 (Xinhua) — China’s commercial space industry entered a fast development track in 2024, as its market volume is expected to exceed 2.3 trillion yuan (about 314 billion U.S. dollars).

Innovations in the commercial space industry chain, such as reusable rockets in different technical routes, construction of launch sites, and the latest satellite transmission technologies, have boosted the industry