commercial space sector

Hong Kong identifies an opportunity in mainland China’s underinsured commercial space sector, as only third-party liability insurance is mandatory for activities like launches and in-orbit operations. The sector remains largely optional for coverage in areas such as research, manufacturing, and testing.

A US think tank report states China has surpassed the United States in GPS-style navigation, reconnaissance, and anti-satellite technologies. China's state-backed commercial space sector is described as rapidly narrowing the innovation gap with the US.