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CASC helps nation reach for the stars

By Zhao Lei | China Daily | Updated: 2018-10-12 07:39

Space contractor makes a mark in the global arena as policies boost development

The success of China Aerospace Science and Technology Corp (CASC) in the global space arena during the past four decades is rich testimony to the success of China's reform and opening-up policy since late 1978.

The Beijing-headquartered, State-owned space and defense giant now has more than 170,000 employees, eight large academies and a dozen listed companies. It was ranked 343rd in the Fortune Global 500 list in 2018, making it the fourth largest aerospace enterprise in the world by revenue after Boeing, Airbus and Lockheed Martin.

CASC helps nation reach for the stars

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