China’s Aerospace Information Industry: A Look into the Billion-Dollar Funding

China is intensifying efforts to develop its aerospace information industry, aiming to bolster economic growth with a tech-centric focus. As part of the 14th five-year plan, the aerospace information industry involves combining space-captured data with ground-based big data analytics for applications like transport, energy, communications, and the military.

China’s Aerospace – Huge Funding

A joint industrial association has been established to support the sector, with a 100 billion yuan (US$14 billion) investment fund cluster. The industry is projected to reach 44.69 billion yuan by 2025. The move aligns with China’s ambitions to strengthen its position in space technology amid global competition, particularly with the United States.

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