Technology

China's Wuhan luring satellite industry, space technologies

China's Wuhan luring satellite industry, space technologies

The central Chinese city of Wuhan has vowed to become China's "Valley of Satellites," joining other cities tasked with developing the outer space sector, by creating a $15.7 billion space industry by 2025. Wuhan is offering up to $7.88 million in financial incentives to companies that implement projects related to the manufacturing of satellites, rockets and spacecraft.

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