Space Industry: Space and China

space industry: The law will require companies to seek permission before undertaking research on related technologies and products, and it will also focus on safety concerns, especially solid propellant rockets that contain high-risk propellants and chemicals, thepaper.cn reported on Tuesday, according to Global Times China. The commercial space industry is booming and attracting many investors in China. Photo IC Legislation on commercial space activity in China is expected to be put forward in the next three to five years, Wu Yanhua, vice administrator of China National Space Administration, said on Tuesday during this year's China Space Conference. According to a report by tmtpost, as of January, there were already more than 60 start-ups in the sector. Rockets are basically missiles if they go wrong, Huang said. Huang Zhicheng, an expert in space technology, told the Global Times that the legislation should address safety concerns in the development of the commercial space industry. (news.financializer.com). As reported in the news.