Hainan provincial government issued its '15th Five‑Year' high‑tech industry development plan, making support for China’s 'space‑power' strategy a core objective. The plan accelerates construction of commercial launch sites to seed a full‑chain industry cluster covering commercial launches, launch‑vehicle and satellite manufacturing and satellite applications, and aims to build rocket, satellite and data chains plus a 'space+' industry system, targeting 50 billion yuan in commercial space revenue

Hainan provincial government issued its '15th Five‑Year' high‑tech industry development plan, making support for China’s 'space‑power' strategy a core objective. The plan accelerates construction of commercial launch sites to seed a full‑chain industry cluster covering commercial launches, launch‑vehicle and satellite manufacturing and satellite applications, and aims to build rocket, satellite and data chains plus a 'space+' industry system, targeting 50 billion yuan in commercial space revenue by 2030.