A Series of Setbacks
With the moon goddess and her trusted companion, the jade rabbit, already in place, China’s future amongst the stars have become clearer and brighter than ever. But there have been setbacks, of course.
CNSA suffered a series of rocket failures in the past few years. In 2016, the Long March 5 and its communications satellite payload crashed into the ocean before it could even reach the earth’s orbit.
In 2018, the Tiangong-1 crash-landed back to earth after losing its transmission link to the Chinese space agency. The space mission, which translated to English as Heavenly Palace, was a prototype space station. The destruction was witnessed throughout the globe where it ended over the South Pacific seas.
Through all these apparent failures, the world is slowly becoming aware of China’s commitment to developing its aerospace industry.
Strategies to Win
China’s space race strategy is basically rooted in its hopes to elevate this sector to a whole new level. And they did so by putting serious investments in domestic space programs.
The Xi Jinping administration, in particular, has made the country’s long-term mission to dominate space a priority for the Communist Party of China. CCP, with its party leader, the Chinese president himself, happens to have a say on the government’s funding and policy priorities.
To further help propel these plans, President XI Jinping went on to loosen the government’s monopoly on the development and manufacture of space launchers. In effect, this policy encourages domestic companies to freely compete with their Western counterparts such as Elon Musk’s Space-X, Jeff Bezo’s Blue Origin, and Richard Branson’s Virgin Galactic.
In addition to this, Chinese tech companies are also investing heavily on foreign space industries. For instance, China’s Tencent Holdings has reportedly invested in Moon Express, an American space company who has ties with NASA (National Aeronautics Space Agency).