Six major State-owned commercial lenders in China have decided to invest big time in the third-phase State semiconductor investment fund, as Chinese financial institutions ramp up efforts to bolster sci-tech innovations.
G60 Starlink project, along with the 13,000-satellite Guo Wang national network currently under construction, is widely seen as China’s answer to Elon Musk’s Starlink.
China’s airspace information industry is expected to reach to 44.69 billion yuan (US$6.3 billion) in 2025, with over 400 companies registered by the end of last year.