Beijing is pouring capital and policy support into the commercial space sector

20260318 Caixin main

A Long March-8 rocket blasts off at the Wenchang Space Launch Center in Hainan province, China, in March 2024. (China Daily via Reuters)

GU ZHAOWEI, QU YUNXU and HAN WEI, Caixin

Space is emerging as a strategic domain, defined by scarce resources and rapid technological change, a new arena for competition among major powers.