China Aerospace Science and Technology released five major commercial aerospace projects with investment exceeding 100 billion yuan.

　　People’s Daily Online, Wuhan, September 13 (Yan Jiaqi) On September 12, the second China Commercial Aerospace Summit Forum was held in Wuhan. At the opening ceremony of the forum, the signing ceremony of China’s first national commercial aerospace industry base settled in Wuhan was held. China Aerospace Science and Industry Corporation has released five major commercial aerospace projects, with an estimated investment of over 100 billion yuan and an output of over 100 billion yuan.

　　The forum was jointly sponsored by Wuhan Municipal People’s Government, China Aerospace Science and Industry Corporation, China Aerospace Science and Technology Corporation, China Electronics Technology Corporation, China Aerospace Foundation and China Aerospace Society, and was hosted by Beijing Aerospace Information and Information Research Institute. The theme was "Give play to agglomeration effect, help industrial development, and jointly build a new commercial aerospace format". More than 200 units, more than 700 leaders and experts from relevant ministries and commissions, military forces, local governments, enterprises, research institutes and universities gathered together to share technological innovation and application practices, promote the innovation and integration of business models, reach a consensus on the development strategy of industry sectors, and build a new format for commercial aerospace development.

　　At the opening meeting of the forum, China Aerospace Science and Industry Corporation held a signing ceremony with Hubei Provincial People’s Government and Wuhan Municipal People’s Government on the Special Cooperation Agreement on Promoting the Work of Wuhan National Aerospace Industry Base. The base is the first national commercial aerospace industrial base in China. On August 5, 2016, the Implementation Plan of Wuhan National Aerospace Industrial Base was officially approved by the National Development and Reform Commission. With the development of commercial space as the leading factor and the new generation of space launch and application as the core, the base will build four leading industries, including space launch vehicle and launch service, satellite platform and load, space information application service, space ground equipment and manufacturing, through scientific and technological innovation, business model innovation and management innovation. It is estimated that by 2020, Wuhan National Aerospace Industry Base will build an annual production capacity of 50 launch vehicles and 40 commercial satellites with an annual output of more than 100 kg and 100 commercial satellites with an annual output value of 30 billion yuan.

　　Gao Hongwei, chairman of China Aerospace Science and Industry Corporation, pointed out in his speech at the conference that aerospace science and industry will continue to promote the implementation of the following five major commercial aerospace projects mainly based on Wuhan National Aerospace Industry Base: Feiyun Project, corresponding to unmanned airborne regional network and its application projects; Fast cloud project, corresponding to the airship-borne LAN in the near space and its application project; Cloud project, corresponding to satellite-borne narrowband global mobile internet of things and its application projects; Hongyun project, corresponding to satellite-borne broadband global mobile internet and its application project; Tengyun project, corresponding to space shuttle aircraft and its application project. The development and construction of these five commercial aerospace industry projects will span more than ten years, involving thousands of sub-projects and sub-systems. It is estimated that the investment will exceed 100 billion and the output will exceed 100 billion.

　　In recent years, the foreign commercial aerospace industry has developed rapidly, and a number of innovative commercial aerospace companies have emerged. A series of practical projects with leading technology and innovative business models have attracted wide attention from the society. For example, SpaceX’s Falcon -9 completed the world’s first marine recovery rocket; Orbital ATK’s "Cygnus" cargo spacecraft sent the first commercial 3D printer to the International Space Station.

　　According to the "Aerospace Report" released by the American Aerospace Foundation in June 2016, in 2015, the total global aerospace economy reached 335.3 billion US dollars, of which 7.6 billion US dollars came from commercial space activities stations, totaling 246 billion US dollars, and commercial space has entered a mature stage.

　　Experts attending the meeting pointed out that in recent years, the Chinese government has attached great importance to actively developing the aerospace industry. With the gradual maturity of China’s spacecraft manufacturing industry and the gradual increase in the number of satellites, aerospace applications are in a stage of rapid development. China’s commercial space flight also ushered in a period of strategic opportunities, with huge development space.