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Shanghai plans to become a production hub for space technology by 2025.



The Shanghai local government said on Wednesday that the city aims to be a hub for the development of space technologies, including reusable rockets which can vertically take off and land, by 2025.
The city will also set up mass production lines for low-cost commercial satellites and assembly lines for rockets, according to a notice published on the web site of Shanghai's government.
Several cities in China are stepping up their efforts to develop satellites and rockets by 2030 in order to make China a major space power.
This year, the southern tech city of Shenzhen is offering up to 300 million yuan ($47 million) in financial incentives for every project related to the development of satellites and related industry applications.
China is also planning a new commercial space port in the southern province of Hainan. It is also constructing China's fifth rocket launch site in the eastern port city of Ningbo.

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