ChinaTalk Hot Space Summer: China's Commercial Space Boom
Aug 8, 2021
In this engaging discussion, Thomas Colvin and Irina Liu from the Science and Technology Policy Institute delve into China's blossoming commercial space industry. They explore why many Chinese startups struggle with business savvy despite their technical skills. The impact of ITAR on the sector's growth and how developing nations fit into the space market are also discussed. The conversation uncovers the balance of government support and entrepreneurial independence in shaping China's ambitions in space.
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Inspiration from SpaceX
- The Chinese commercial space ecosystem's growth is partly inspired by SpaceX's success.
- This success showed investors the profitability of commercial space ventures.
CASC vs. NASA
- CASC, unlike NASA, encompasses the entire space supply chain, from production to sales.
- This makes it challenging for commercial companies to find niches.
Document 60's Impact
- While Document 60 is cited as a catalyst, many entrepreneurs were already developing commercial space ventures.
- The document primarily facilitated international investment.