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Officials introduces space projects in 15th 5-Year Plan period

China

China

China

Officials introduces space projects in 15th 5-Year Plan period

2026-04-25 11:16 Last Updated At:11:37

Marking China's 11th Space Day, the China National Space Administration (CNSA) introduced major space projects in the 15th Five-Year Plan period on Friday in Chengdu, the provincial capital of Sichuan in the southwest, the main venue of a series of events marking this day.

Jointly sponsored by the CNSA and the provincial government, the event revealed major sci-tech achievements and space industry updates, with Shan Zhongde, head of the CNSA, introducing China's major space projects to be implemented in the next five years.

"In the areas of entering space, utilizing space, exploring space, and governing space, we will intensify the efforts to carry out key projects including manned spaceflight, lunar probe, planetary probe, and the national satellite internet. We will pace up the demonstration and launch of a new generation of space-power initiatives such as heavy-lift rockets, reusable launch vehicles, and next-generation national space infrastructure. In the fields of lunar and planetary probe, asteroid defense, on-orbit service, and space debris mitigation, we will deepen international collaboration, build the International Lunar Research Station, have in-depth engagement in global space governance, and create an open and cooperative landscape for China's space industry to build a community with a shared future for mankind," Shan said.

The CNSA also released a series of updates marking the Space Day, including the latest lunar discoveries from the Chang'e-5 mission, two new minerals named magnesiochangesite-(Y) and changesite-(Ce), selected international partners for the Tianwen-3 Mars mission, announcement of international cooperation opportunities for the Xihe-2 mission, and the Version 1.0 of the Commercial Space Standards System.

On the same occasion, Xie Jun, deputy chief designer of the BeiDou system, Zhang Bing, member of the Chinese Academy of Sciences, and veteran astronaut Ye Guangfu, were appointed as the 2026 China Space Public Welfare Ambassadors.

More than 30 side events will take place across Chengdu during the Space Day period. Highlights include a space science exhibition at the Chengdu New International Convention and Exhibition Center, a VR sci-fi drama aimed at extending space knowledge, and the Space Wish Initiative launched by the China Media Group (CMG), inviting the public to share their stories related to space.

"We plan to put up over 30 activities in various forms with rich content for the Space Day to give people a feeling for the evolution and dynamism of China's space program. Aside from offering academic exchange platforms for professionals, we place more emphasis on engaging the public, particularly young people, in carrying forward the spirit and culture of space exploration," said Wang Cheng, secretary-general of the China Space Foundation.

Officials introduces space projects in 15th 5-Year Plan period

Officials introduces space projects in 15th 5-Year Plan period

China's newly increased special-purpose local government bonds issued in the first quarter of 2026 stood at 1.1599 trillion yuan (about 169.7 billion U.S. dollars), according to the country's Ministry of Finance on Friday.

The number was 199.6 billion more than that of the same period last year, up 20.8 percent.

The special-purpose local government bonds are used for projects in key areas such as social services, transportation infrastructure, affordable housing, and urban renewal.

They are also intended to supplement government fund resources and help the clearance of government arrears owed to enterprises.

In the first quarter, the total treasury bond issuance exceeded 3.6 trillion yuan, up nearly 10 percent year on year, providing strong support to proactive fiscal policy.

Also on Friday, China kicked off the issuance of its 2026 ultra-long special treasury bonds, with the first two tranches comprising 20-year and 30-year fixed-rate bonds with periodic interest payments.

The issuance follows this year's Government Work Report, which proposed raising 1.3 trillion yuan (about 189.3 billion U.S. dollars) through ultra-long special treasury bonds to support projects for implementing major national strategies and building security capacity in key areas, as well as large-scale equipment upgrades and consumer goods trade-in programs.

According to a notice previously released by the Ministry of Finance, the issuance of this year's ultra-long special treasury bonds is expected to be completed by mid-October.

Ultra-long special treasury bonds are government securities with maturities typically of 10 years or longer. They are used as a policy tool to finance long-term, large-scale investments aligned with national priorities, while also helping to stabilize growth by injecting sustained fiscal support into the economy.

China issues nearly 1.16 trillion yuan of new special-purpose local gov't bonds in Q1

China issues nearly 1.16 trillion yuan of new special-purpose local gov't bonds in Q1

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