Yang believes the industry will hit “full bloom" by 2027, after developing the abovementioned capabilities. Yang asserted China will also need to develop a commercial business model for space missions, plus shared public and private services related to navigation, positioning, remote sensing and low-orbit internet.
“The key to the development of China's commercial spaceflight is not rockets or satellites, but applications. The closer we are to ordinary people and end users, the higher the business benefits, and we must make commercial aerospace deep into the lives of ordinary people,” said Yang. According to the Global Times, an industry report has compiled a list of over 370 Chinese satellite manufacturing, rocket launch and space-related downstream services. The encouragement of private space industry in China began in 2015, making if fairly late to the game.