China needs private funding for moon program

Posted on Saturday, Nov 10 2007 @ 17:05 CET by Thomas De Maesschalck
Reuters reports China is going to open some parts of its moon mission projects to private funding:
As part of an ambitious space program, China's first lunar probe reached its working orbit on Wednesday and the country plans to put a man on the moon within 15 years.

Li Guoping, a spokesman for the China National Space Administration, told the Shanghai Daily funding could come from "scientific research organs, universities and also private companies."

"With the expansion of China's space exploration, we'd like to encourage private enterprise to join space technology development and attract public funds for aerospace-related research, manufacture and trade," Li said.

The launch of the probe represents the first stage in China's three-step moon mission. The second stage envisages a moon landing. The final stage would involve a landing and collection of soil and rock samples.

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Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.

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