10 October 2020
Over the past two months, about 2.4 billion RMB (357 million USD) of investment was raised by two major private rocket companies in Beijing. In September alone, two massive manufacturing complexes - one for satellites and another for rockets - started construction in Hebei province's Tangshan and Shandong province's Haiyang.
Now, the southern coastal province of Guangdong is determined to catch up and has chosen to start by building carrier rockets. Last week, Guangzhou, the provincial capital, began construction in cooperation with CAS Space, a Beijing-based startup virtually controlled by the Chinese Academy of Sciences, on the country's southernmost production facility for carrier rockets.
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