19 March 2022
China's central city of Wuhan has vowed to develop a 100 billion RMB (15.7 billion USD) space industry by 2025 and become the country's "valley of satellites," signalling a deepening push by China to become a major space power by 2030. According to a notice from the city government on 16 March, Wuhan is offering firms up to 50 million RMB (7.86 million USD) in financial incentives each in projects related to the manufacturing of satellites, rockets and spacecraft.
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