China‘s breakneck economic expansion may be flagging, but the country’s ambitions in space show no signs of slowing down. Alongside ongoing efforts to rival NASA by placing robotic landers, and eventually astronauts, on the moon and Mars, China’s government is increasingly looking to its burgeoning space sector to rival U.S. companies like Jeff Bezos’ Blue Origin and Elon Musk‘s SpaceX, which is targeting March 30 for the latest launch of its Falcon 9 rocket..

China‘s breakneck economic expansion may be flagging, but the country’s ambitions in space show no signs of slowing down. Alongside ongoing efforts to rival NASA by placing robotic landers, and eventually astronauts, on the moon and Mars, China’s government is increasingly looking to its burgeoning space sector to rival U.S. companies like Jeff Bezos’ Blue Origin and Elon Musk‘s SpaceX, which is targeting March 30 for the latest launch of its Falcon 9 rocket..

U.S. and China face off in the new global space race

US and China face off in the new global space race  

Though Chinese space authorities have publicly announced the country’s ambitions to forge itself into a major space power by the early 2030s, President Xi Jinping’s government is also considering ways to direct spending that will push Chinese tech companies toward breakthroughs in downstream technologies like robotics, aerospace, artificial intelligence, big data analytics and other 21st-century technologies.

The majority of China’s space ambitions remain focused on boosting Chinese prestige at home and abroad. But a push within Xi’s government to triple spending on space science as well as the emergence of a small but growing group of privately backed space start-ups suggest that both Chinese industry and government see long-term economic benefits in their investments in space technologies.

That increasing flow of capital toward both China’s state-run and private space-related tech companies could place increased pressure on NASA, and eventually on commercial space companies in the United States and Europe.

Satellites and space launchers

Though the exact value of China’s spending on its space programs remains shrouded in secrecy, many analysts peg its civilian space budget at around $3 billion annually in recent years, a fraction of the $19.3 billion the United States allocated to NASA in 2016. But on that relatively small budget, China has managed to accomplish big things.

Prior to 2003 China — whose space program dates back to the 1950s — had never put an astronaut (a “taikonaut” in Chinese nomenclature) into orbit. In the years since, it has moved rapidly toward parity with space powers like Russia and the United States. In 2016, China launched more rockets than Russia for the first time, equaling the 22 rockets launched by the United States. Included among those missions was Shenzou 11, which carried a crew of two to dock with China’s Tiangong-2 spacecraft, a temporary orbiting space habitat serving as a stepping stone for a larger, permanent Chinese space station in the early 2020s.

SOURCECNBC
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Evangelist Dina Amelia Kalmeta is the Founder and CEO of Your New Life in Christ Ministries - CWW7NEWS. Evangelist Dina reports on world events as they pertain to Bible Prophecy. Before Your New Life in Christ Ministries, Evangelist Dina served as a Leader for INCHRIST NETWORK leading teams online and spreading the Gospel of Jesus Christ. Her mission today is to bring hard evidence that what is taking place in the world isn't just coincidence, but indeed proof that the last days the Bible warned us about are upon us right now.