Wuhan aspires to be China’s “valley of satellites” in the country’s space effort
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China is also constructing a new commercial space port in Hainan, a southern island province.
Wuhan, a city in central China, has pledged to establish a 100-billion-yuan ($15.7 billion) space industry by 2025 and become China’s “valley of satellites”, joining other towns charged with doing so.
China anticipates enormous commercial satellite constellations capable of providing services ranging from high-speed internet to tracking coal shipments. The municipal administration of Wuhan is granting enterprises up to 50 million yuan ($7.88 million) in financial incentives for projects involving the production of satellites, rockets, and spacecraft. The sums for the interior city are modest in comparison to the ambitious ambitions stated by other coastal towns, but the endeavour indicates that China is intensifying its quest to become a significant space power by 2030.