Off the wire
China sees more inclusive finance loans to small businesses in 2019  • Discover China: Digital technologies enable inclusive finance in China  • Inclusive finance service benefits small enterprises  • China inclusive finance loans increase in 2018  • China allocates 10 bln yuan to support inclusive finance  • China's inclusive finance develops steadily  • Scientists turn to satellite images to map poverty  • China launches free technical training project in poverty relief  • China-ASEAN data center operational in south China  • ASEAN+3 countries vow to further promote education cooperation  
You are here:   News/

China's commercial space sector powers ahead to brighter future

Xinhua, August 01, 2025 Adjust font size:

China's commercial space sector has already notched up fruitful achievements and is moving forward to an even better future, according to guest speakers on the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.

A few months ago, Chinese space firm GalaxySpace successfully demonstrated mobile-to-satellite communication technology based on the country's first low-Earth orbit broadband communication test constellation.

Advanced technologies must ultimately serve the public and society, said Gao Qianfeng, co-founder and vice president of the company, adding that the firm is exploring the better integration of research, production and application.

"We will be determined to innovate and believe that innovation delivers tangible results," said Gao.

Established in 2018, GalaxySpace is a leading satellite internet solutions provider and satellite manufacturer in China. It was also recognized as the first unicorn company in commercial aerospace in the country.

In recent years, China has taken measures to help enterprises like GalaxySpace improve their innovation capability.

Efforts will continue to be made in supporting enterprises to deeply participate in national sci-tech innovation policymaking, encourage enterprises to strengthen research and development (R&D) investment, and accelerate the commercial adoption of corporate R&D breakthroughs, said Qin Haoyuan, an official with the Ministry of Science and Technology.

"With the country's policy support, we are confident that we can propel development of the commercial space sector to a new phase," said Gao. ■