What Happened
China's Largest Economic City Takes Action in Booming Space Economy
Shanghai, China’s largest economic city, has taken action to secure its position in the booming space economy. The city has launched a satellite internet industry fund and released an action plan to promote technological innovation and industrial ecosystem development. The plan aims to make core technologies independent and controllable by 2030, with over 100 high-quality enterprises and a total industrial scale exceeding 80 billion yuan. This development may drive economic growth and create new opportunities for the aerospace industry, as reported by 36Kr.