A privately-developed Chinese rocket has undergone a test launch, from northwest China, reports thepaper.cn.
The 9 meter, 500kg mini-rocket, which is capable of sending a 100kg payload to an altitude of 800km, has been sent up by Chinese private space firm OneSpace.
OneSpace says the test has gone off as expected, with the data to be analyzed.
OneSpace estimates the launch cost for its rockets is being kept at around 10,000 US dollars per kilogram. That would be around one-third of the cost on the rest of the international market.
Founded in August 2015, OneSpace says it plans to produce over 30 of its M series and 20 X series rockets by 2020.
A report by Beijing-based investment institution FutureAerospace, more than 60 private Chinese firms have entered the commercial space industry over the past three years, focusing on the production and launch of satellites and rockets.
This follows a government policy issued in 2015 to encourage the growth of private space companies.
The 2018 Boao Forum for Asia (BFA) annual conference is scheduled for April 8 to 11 in Boao, Hainan Province. The forum will be themed "An Open and Innovative Asia for a World of Greater Prosperity."
— The Daily Mail - People's Daily