https://sputnikglobe.com/20220319/city-rebranding-wuhan-seeks-to-turn-into-new-centre-for-chinese-space-industry-1094008275.html
City Rebranding? Wuhan Seeks to Turn Into New Centre for Chinese Space Industry
City Rebranding? Wuhan Seeks to Turn Into New Centre for Chinese Space Industry
Sputnik International
Since 2020 Wuhan has been known as the city where the COVID-19 pandemic formally started (even though the true place of the disease's origin remains unknown)... 19.03.2022, Sputnik International
2022-03-19T10:55+0000
2022-03-19T10:55+0000
2023-04-12T16:57+0000
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Authorities in Wuhan, Hubei Province, China have announced plans to turn the city into the "valley of satellites" by encouraging the local production of space-related equipment – from satellites to spacecraft and rockets to send them into Earth's orbit. The city is ready to allocate some 100 billion yuan ($15.7 billion) by 2025 to incentivise the development of the industry, a government statement said.The incentives will include subsidies of up to 50 million yuan ($7.88 million) per space-related project, which will be given to those companies using local Wuhan products, equipment, software, and services in at least 30% of its operation. If this percentage is lower but exceeds 10%, a company will receive only 15 million yuan ($2.36 million) in funding.The proposed Wuhan government funding is more modest than that offered by other Chinese cities developing local space industries. The city of Shenzhen, Guangdong Province, allocates some 300 million yuan ($47.2 million) to every local project in this field.The incentive programme proposed by the Wuhan government is part of a bigger plan by Beijing to promote China as a space power deploying domestically produced satellites to low and high orbits for various applications – from shipment tracking to providing high-speed internet access. Beijing is building several new spaceports for rocket launches, namely in the city of Ningbo, Zhejiang Province, as well as the island province of Hainan.The attempt to turn Wuhan into the "valley of satellites" might also serve as a change of image for the city that became an informal symbol of the COVID-19 pandemic after the first cases of the disease were detected there. And while the true site of the origin of the coronavirus remains unknown, the city's name nonetheless remains associated with the virus.Let's stay in touch no matter what! Follow our Telegram channel to get all the latest news: https://t.me/sputniknewsus
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City Rebranding? Wuhan Seeks to Turn Into New Centre for Chinese Space Industry
10:55 GMT 19.03.2022 (Updated: 16:57 GMT 12.04.2023) Since 2020 Wuhan has been known as the city where the COVID-19 pandemic formally started (even though the true place of the disease's origin remains unknown). Now, apparently, the city's authorities have decided to remove that stigma and associate the city's name with something more pleasant.
Authorities in Wuhan, Hubei Province, China have announced plans to turn the city into the "valley of satellites" by encouraging the local production of space-related equipment – from satellites to spacecraft and rockets to send them into Earth's orbit. The city is ready to allocate some 100 billion yuan ($15.7 billion) by 2025 to incentivise the development of the industry, a government statement said.
The incentives will include subsidies of up to 50 million yuan ($7.88 million) per space-related project, which will be given to those companies using local Wuhan products, equipment, software, and services in at least 30% of its operation. If this percentage is lower but exceeds 10%, a company will receive only 15 million yuan ($2.36 million) in funding.
The proposed Wuhan government funding is more modest than that offered by other Chinese cities developing local space industries. The city of Shenzhen, Guangdong Province, allocates some 300 million yuan ($47.2 million) to every local project in this field. The incentive programme proposed by the Wuhan government is part of a bigger plan by Beijing to promote China as a space power deploying domestically produced satellites to low and high orbits for various applications – from shipment tracking to providing high-speed internet access. Beijing is building several new spaceports for rocket launches, namely in the city of Ningbo, Zhejiang Province, as well as the island province of Hainan.
The attempt to turn Wuhan into the "valley of satellites" might also serve as a change of image for the city that became an informal symbol of the COVID-19 pandemic after the first cases of the disease were detected there. And while the true site of the
origin of the coronavirus remains unknown, the city's name nonetheless remains associated with the virus.
Let's stay in touch no matter what! Follow our Telegram channel to get all the latest news: https://t.me/sputniknewsus 
