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By Peter J Brown While much has been made of the bold new steps taken by China's space program, the country has still failed to transform these accomplishments into meaningful and profitable private sector applications. This failure is most evident in its inability to crack the Southeast Asian satellite communications market. China has yet to complete a true commercial satellite transaction, and still relies on government-to-government exchanges for the limited amount of business it has conducted. While the US and Europe boast powerhouse companies working on space technology - such as Lockheed-Martin, Boeing, EADS Astrium, and Orbital Sciences - China still has only one commercial satellite enterprise, China Great Wall Industry Corp. China resumed commercial satellite launches, after a prolonged period of inactivity, in 2005.... [read full story]
