China has unveiled its new generation commercial carrier rocket with a 1.5-tonne payload capacity to compete with India in the Global Space launch market. A test launch of the rocket series codenamed “Smart Dragon” was done on Sunday.
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China is aiming to tap the growth potential of domestic and global commercial space launches where it faces strong competition from India. India which has a record of launching 104 satellites in a go offers economically viable and efficient options for space launches.
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As per a 2017 report, it was found that China’s space industry is lagging behind that of India in the commercial space industry.
Read more at The Wire