China's commercial aerospace industry is undoubtedly growing, as more private start-ups venture into the field. CGTN's Jane Kiyo takes a look at one of the country's pioneer commercial aerospace companies, which will be launching a new rocket very soon.

Is this China's answer to US aerospace company SpaceX?

CHANG SHU CEO, ONE SPACE "We have a good heritage in space technology, and also we have a lot of talented engineers. I believe there will be some famous space companies like space X."

Here's one of China's emerging commercial aerospace companies. At only three years old, it's already making inroads in the space industry, designing micro satellites and rockets. 32-year-old CEO Chang Shu says it's all about starting small.

CHANG SHU CEO, ONE SPACE "Vision plays most important role. That's why we are different."

This June, ONE SPACE will launch China's first homemade rocket. The 50 ton OS-X rocket is designed for suborbital flights in order to provide high-altitude research and test services.

ZHOU ZHIZE ENGINEER, ONE SPACE "This is a testing rocket that will not be used to send satellites into the outer space – we'll still get some load for scientific purposes."

The successful launch of the SpaceX Falcon rocket has inspired many start-ups in China. At least seven private companies have ventured into the space race, despite the country's restrictions in the commercial space flight program. But investment in this industry is still far lower than that of other developed countries. One Space itself only received about 80 million US dollars in funding. Still, Chang says it's a start to greater things and hopefully, will see a widening market to Africa.

CHANG SHU CEO, ONE SPACE "Every step is a new step in China's commercial space industry. Most importantly is for us to improve the atmosphere and supply chain."

JANE KIYO BEIJING "And this is just the beginning. One Space has grand ambitions -- including revolutionizing air transportation. But how? Perhaps in a few years, passengers could use rockets instead of aeroplanes. JK, CGTN, BEIJING."