China's Missile Manufacturer To Set Up Company For Commercial Launches

China Sanjiang Space Group Co. is preparing to enter the commercial-rocket business with a launch slated for 2017 http://www.livemint.com/Politics/jtwQujdHeedmppEC8PDIaP/China-plans-first-commercial-rocketlaunch-company.html

Fourth Academy of China Aerospace Science and Industry Corp (CASIC), a manufacturer of missiles, plans to use its solid-fuel rockets to tap into the international commercial launch market.

Hu Shengyun, who heads solid-fuel rocket development at the Fourth Academy of CASIC, was quoted as saying by Chinamil Saturday that the company is considering founding a company dedicated to providing commercial launches for domestic and international clients.

The new company would break the monopoly by China Great Wall Industry Corp, which is currently the nation's only authorized provider of commercial launch service full text: http://www.defenseworld.net/news/15589/China_s_Missile_Manufacturer_To_Set_Up_Company_For_Commercial_Launches#.Vuk3_k8TQaM