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New Satellite Navigation Service in China

New Satellite Navigation Service in China

China is developing new satellite-based services and is seeking investors. Several industries are welcome including commercial rocket development, manufacturing, satellite research, and public welfare.

The vice minister of China’s National Space Administration said this:

After six decades of development, government investment alone is not enough to let China’s aerospace program to advance technological progress and benefit the economy and society.

China’s satellite navigation satellite is expected to be available in 2018. It will be accessible in the Eurasia region, which is known as the ‘Belt and Road’ region. China’s moon probe (Chang’e 4) is expected to launch in 2018. The moon mission is a soft-landing on the far side of the moon, which would be the first in history. China is also planning to launch a Mars probe in 2020.

If you are wondering what Eurasia is, here’s a description from Wikipedia:

Eurasia is the combined continental landmass of Europe and Asia. The term is a portmanteau of its constituent continents. Located primarily in the Northern and Eastern Hemispheres, it is bordered by the Atlantic Ocean to the west, the Pacific Ocean to the east, the Arctic Ocean to the north, and by Africa, the Mediterranean Sea, and the Indian Ocean to the south. The division between Europe and Asia as two different continents is a historical and cultural construct, with no clear physical separation between them; thus, in some parts of the world, Eurasia is recognized as the largest of five or six continents.

Eurasia covers around 55,000,000 square kilometres (21,000,000 sq mi), or around 36.2% of the Earth’s total land area. The landmass contains around 5.0 billion people, equating to approximately 70% of the human population. Humans first settled in Eurasia between 60,000 and 125,000 years ago. Some major islands, including Great Britain, Iceland, and Ireland, and those of Japan, the Philippines and Indonesia, are included under the popular definition of Eurasia, in spite of being separate from the massive landmass.

Source: Bloomberg

New Satellite Navigation Service in China
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