China is chasing SpaceX and setting its sights on the global space economy

China is ramping up its efforts to catch up with SpaceX and dominate the global space economy, according to experts. The country’s space-technology firms are investing heavily to expand their capabilities and compete internationally. This surge in activity highlights China’s ambition to reduce its reliance on foreign technology and establish itself as a major player in the burgeoning space industry, potentially reshaping global space dynamics and sparking new international collaborations or rivalries.