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Can China’s rocket city turn space into business?

04:04 Min

China is working towards landing its first astronauts on the Moon by 2030 — and Wenchang, on Hainan island, hopes to ride the space boom. Home to state-run and commercial rocket launch facilities, the city is attracting aerospace companies, tourists and investment. Hotels are catering to families who come to watch launches, while some residents have turned rooftops into viewing platforms. But previous waves of investment have fallen short of expectations. Can Wenchang make this latest boom last?

China is working towards landing its first astronauts on the Moon by 2030 — and Wenchang, on Hainan island, hopes to ride the space boom. Home to state-run and commercial rocket launch facilities, the city is attracting aerospace companies, tourists and investment. Hotels are catering to families who come to watch launches, while some residents have turned rooftops into viewing platforms. But previous waves of investment have fallen short of expectations. Can Wenchang make this latest boom last?

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