Space economy to boom in China

Updated: 2012-06-18 16:39


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The successful launch of the Shenzhou Ⅸ spacecraft indicates China's economic infrastructure and technology have made great progress and the country is ready to explore aerospace economy, reported Economic Information Daily on Monday.

The aerospace economy boasts unusually wide industry range, containing almost every industry from energy, steel, new materials, electronics, machinery, and communications to space clothing and space food, which involve the textiles, garment processing, agricultural products and food processing industries.

The achievements resulting from space technology development can be widely applied to other sectors of the economy, and thereby trigger innovation in these sectors, the report said.

According to a report by China Aerospace Science and Technology Corporation, 80 percent of the more than 1,000 types of new material developed in China in recent years benefited from space technology, and nearly 2,000 kinds of space technology have been adopted in various sectors of the national economy.