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Virtuous high-tech circle formed

By Zhang Zhouxiang | China Daily | Updated: 2017-10-13 07:58

On Monday, a Long March 2D carrier rocket took off from Jiuquan Satellite Launch Center in Northwest China's Gansu province. It carried Venezuela's second remote-sensing satellite, VRSS-2, which was designed and manufactured by Chinese companies with the cooperation of Venezuela.

According to official data, the annual output value of the domestic satellite industry exceeds 200 billion yuan ($30.4 billion). That's only a small part of the industrial output of the whole high-tech industry, which was 3.47 trillion yuan in 2016.

High-tech industries have been playing an increasingly important role in China's economic growth as well as its restructuring.

Virtuous high-tech circle formed

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