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China's Space Sector Soars: 1.9 Trillion Yuan Milestone

4/26/2025

24 6

Summary

Story summary

China's passion for space exploration has soared since it declared April 24 as Space Day in 2016. The recent launch of the Long March 12 rocket from Hainan's new spaceport signifies a monumental leap for its burgeoning commercial space sector, which skyrocketed from 0.6 trillion yuan in 2018 to an impressive 1.9 trillion yuan in 2023.

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Story summary

China's passion for space exploration has soared since it declared April 24 as Space Day in 2016. The recent launch of the Long March 12 rocket from Hainan's new spaceport signifies a monumental leap for its burgeoning commercial space sector, which skyrocketed from 0.6 trillion yuan in 2018 to an impressive 1.9 trillion yuan in 2023.