China’s Got Grand Plans for the Moon and Beyond
(Bloomberg) -- After becoming the first country in the world to land a spacecraft on the far side of the moon, China is planning four more missions to get samples back before studying the feasibility of a lunar research base.
China plans to launch the Chang'e-5 probe to the moon later this year, with three more in the offing, said Wu Yanhua, vice administrator of the China National Space Administration, at a briefing in Beijing on Monday. At least two of them will land on the moon's south pole and conduct research, he said.
“We will use the Chang'e-8 to test certain technologies and do some preliminary exploration for jointly building a research base on the moon,” Wu said.
Click here to read more about the landing of China's lunar probe
The world's second-biggest economy is doubling down on its space program as the race with the U.S. to explore Mars and beyond heats up at a time both the powers are vying for economic, technological and military dominance. With an annual space budget of $8 billion, second only to the U.S., China is also looking to send a probe to the red planet by the end of this decade and build its own space station by 2022.
China launched the first of its lunar probe series named after the mythical Chinese moon goddess Chang'e to orbit the moon in 2007. Subsequent probes including Chang'e-3 and Chang'e-4 were tasked to land on different locations on the moon.
The cost of landing Chang'e-4 on the far side of the moon cost roughly the same as building one kilometer of subway, Wu said at the briefing. That puts the cost at somewhere between 500 million yuan ($74 million) and 1.2 billion yuan, according to Bloomberg calculations based on data from recent approvals of new subway projects by the National Development and Reform Commission.
Musk Names Japanese Billionaire for ‘Dangerous Mission' to Moon
Besides the ambitious plans announced by entrepreneurs including Elon Musk, the U.S. National Aeronautics & Space Administration is pursuing a dual path of building a lunar orbital platform and returning astronauts to the moon in the mid-2020s, with the eventual aim to send humans to Mars. NASA's Mars InSight craft landed on the planet on Nov. 26 to study its interior to help answer questions about the early days of the solar system.
To contact Bloomberg News staff for this story: Dong Lyu in Beijing at dlyu3@bloomberg.net
To contact the editors responsible for this story: Anand Krishnamoorthy at anandk@bloomberg.net, Sam Nagarajan, Lena Lee
©2019 Bloomberg L.P.
With assistance from Bloomberg
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
-
AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
-
Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.