China to develop micro rockets, aiming at huge market

Updated 2018-03-19 04:10:02 Xinhua

China plans to develop micro solid-propellant carrier rockets for commercial use to meet growing needs for launching micro-nano satellites.

China Academy of Launch Vehicle Technology (CALT) said that its subsidiary company, China Rocket, was in the process of appraising the plan.

"The micro rockets will be developed with strong ability, high precision, low cost and a short launch preparation cycle," according to a CALT online statement.

In general, small solid-propellant rockets have a carrying capacity of 100-500 kilograms. The micro-solid rockets are more flexible and cost-efficient, according to the CALT.

Since its establishment in 1957, the CALT has been China's largest developer and producer of carrier rockets. It has designed and manufactured the Long March carrier rockets, which have a good reputation globally.

"The development of micro-solid rockets is an important step for China Rocket to build a world-class commercial space company," the CALT said.

According to the CALT, the global demand for commercial satellite launches will exceed 10,000, and domestic demand will reach 1,000. Many Chinese tech giants also have satellite launch plans.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58December 17 2018 20:15:17

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16December 17 2018 20:15:17

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18December 17 2018 20:15:17

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords