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Gone are the days when space was a distant government-led endeavor. In China, it's now a booming, market-driven ecosystem. With an industry output value surpassing 2.5 trillion yuan and an annual growth rate of 20 percent, over 600 companies are propelling China's commercial space sector into the fast lane. On the bustling floor at the 2026 International Commercial Space Exhibition in Beijing, that transformation is on full display. CGTN's Liu Jiaxin has the latest hot take.
Gone are the days when space was a distant government-led endeavor. In China, it's now a booming, market-driven ecosystem. With an industry output value surpassing 2.5 trillion yuan and an annual growth rate of 20 percent, over 600 companies are propelling China's commercial space sector into the fast lane. On the bustling floor at the 2026 International Commercial Space Exhibition in Beijing, that transformation is on full display. CGTN's Liu Jiaxin has the latest hot take.