Commercial sector faces slow burn

China's commercial space sector will eventually take off after a few bumpy launches.

An industry investor is confident the future is bright, but he admitted that many of the early startup businesses might not survive.

Huang He is a partner of Northern Lights Venture Capital, and the firm has already injected funding into Spacety Co Ltd. "Commercial space startups still have a long way to go to catch up with global competitors," he said.