China Accelerates Space Ambitions with $8 Billion Budget, Rivaling U.S.
Summary
China's space program accelerates with an $8 billion budget rivaling the U.S., achieving milestones like lunar landings and fostering a private commercial space industry to compete in satellite launches and space tourism.
Key Points
- China rapidly developing space capabilities with $8 billion budget, second only to the U.S.
- China achieves milestones like landing on far side of moon, plans missions to Mars, asteroids, Jupiter and Uranus
- China fosters private commercial space industry, aims to compete with U.S. firms like SpaceX in satellite launches, space tourism