Private firm planning first orbital launch

State-owned enterprises moving over to allow competition in space market

Private enterprises play an important role in almost every facet of the Chinese economy, and now they have begun to march into a top-notch field long dominated by State-owned companies - the space industry.

The duopoly of State-owned giants China Aerospace Science and Technology Corp and China Aerospace Science and Industry Corp remains unchallenged because they are in control of the most essential part of the space business - the carrier rockets. However, private players appear to be very close to breaking the duopoly.