Government encourages and will guide advantageous private capital and resources to participate in aerospace development, aiming to make China an aerospace leader by 2030, says Wu Yanhua 吴艳华 China National Space Administration deputy director. Over the next five years, the aerospace industry will use modern systems to boost progress, she adds.
On 27 December 2016, State Council released and held a press conference on the ‘2016 China aerospace’ white paper, encouraging and highlighting support policies for private and foreign capital to participate in commercial rocket development, satellite R&D and commercial projects, noting
- State Council released ‘Guiding opinions’ on private capital investment in 2014, encouraging participation in commercial satellite development
- recent negative list for foreign investment includes very few restrictions on aerospace projects
- government is researching investment policies for commercial launchpads and monitoring