As in other business fields, China’s commercial space sector will soon see its price advantage as it eyes to bring down the price of rocket flights to as low as $5,000 per kilogram.

Speaking at an aerospace forum in Beijing on Wednesday, Yang Baohua, vice general manager of China Aerospace Science and Technology Corporation (CASC), revealed that the company is ready to provide cheaper and faster low-earth orbit rocket launches. The price could be as low as $5,000 per kilogram and the pre-launch preparation will only need a week.

(File photo of Long March-6 rocket. Courtesy of CASC)

It will cost $5,000-6,000 for those eyeing sun-synchronous orbit and the preparation period will take about 10 days. For geostationary transfer orbit, the price will stay between $8,000 and $10,000, according to Yang.

Meanwhile, CASC might start providing services for sea launches in 2018. It is also seeking opportunities to offer commercial launches at low altitude.

On worldwide communication, Yang shared the company’s blueprint to set up worldwide mobile broadband service by 2026, which means the deployment of more than 300 satellites in 18 different orbits.

(File photo of Long March-11 rocket. Courtesy of CASC)