Satellite launch goal set

China seeks bigger share of global market as major contracts loom

BEIJING - China is set to re-launch itself on the global aerospace industry and become a major player in the commercial satellite market, a senior industry official said.

Yin Liming, president of China Great Wall Industry Corp, told China Daily on Wednesday that his company aims to take a 10 percent share of the world's commercial satellite market, and 15 percent of the commercial launch business by 2015.