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China Plans to Set up Commercial Rocket-launch Company

(CRI Online)    20:14, March 15, 2016

China plans to set up a commercial rocket-launch company in view of the market's potential.

China Sanjiang Space Group is preparing to enter the commercial-rocket business with a launch slated for 2017.

The company's chief engineer Hu Shengyun says some Internet companies have expressed interest in collaborating on commercial launches.

The Kuaizhou-11, translated as "fast vessel," rocket is being developed by the Fourth Academy of China Aerospace Science & Industry Corp., a major missile supplier to the People's Liberation Army.

The solid-fuel rocket will be able to place a 1-metric-ton payload into a sun-synchronous orbit at an altitude of 700 kilometers. Prelaunch preparations will take very little time, and the launch can be conducted on rough terrain.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Ma Xiaochun,Bianji)

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