China Plans to Establish Economic Zone on the Moon

China is planning to establish an economic zone on the moon. The country will make connection between the economic zones from the earth to the moon by the 2050. Earth based Economies are not may be so much enough as China has high ambitious, that’s why they have planned to extend their economy on the Moon. The project could bring in around $10 trillion. Many netizens were thrilled by the news.

Space Scholars says that China can gain a lot, such as developing the space travel industry or conducting experiments on the moon. Bao Weimin, head of the China Science and Technology Commission, said that the new zone will cover areas of space near Earth, the Moon, and in between. The China Aerospace Science and Technology Corporation (CASC) will implement the project as part of China's National Space Program.

Bao said that such project is very economical because low cost space based communication will be developed. He also said that the construction of the core technology will be completed within the year of 2030. And they will be able to invent easier communication technology to the moon by the year 2040. By the middle of this century China is dreaming to start full production in this new economic zone on the Lunar space.

Recently, China has been conducting extensive research and survey programs based on space. Last July, a Chinese private company i-Space successfully launched a rocket. Last year, a China Lunar Rover landed successfully on the surface of the Moon.

In the year 2016, the deputy commander-in-chief of China's manned space program Zhang Yulin told to media that they had plans to explore Earth-moon space. In May 2018, China launched a relay satellite to set up a communications link between the Earth and then planned Chang'e-4 lunar probe.

China is moving fast forward day by day in the field of Space research and technology. The CASC is dedicating itself to establish China as a super power on the space, continuously carrying out the national major scientific and technical programs such as Manned Spaceflight, Lunar Exploration, Beidou Navigation and High-Resolution Earth Observation System.

Peoples need to wait and see what China is going to do in the near future.

Thanks,

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