Rocket maker aims high with lofty output targets

China Aerospace Science and Technology Corp aims to "double or even triple" its annual production capacity by 2025 while without adding new employees - as the State-owned satellite and rocket maker ratchets up efforts to achieve smart and flexible manufacturing - its chief engineer said.

CASC Chief Engineer Yang Haicheng told China Daily that in the next five to 10 years the aerospace industry would see huge demand for rockets and satellites.

"If the annual orders triple from 100 billion yuan ($15 billion) to 300 billion yuan, it is impossible for us to triple the amount of employees," he said on the sidelines of a manufacturing forum in Beijing on Friday.