China's Long March rockets complete 60 commercial launches

China's Long March rockets have completed 60 commercial launches for both domestic and overseas clients, according to the ongoing 5th China Space Forum in Beijing.

Yu Qi, an official with the China National Space Administration, said that China has formed an integrated solution for launching services, in-orbit delivery, construction of satellite ground stations, satellite applications, project financing, insurance, training, and technology transfers.

The products and services of the country enjoy a high reputation on the global aerospace market, Yu noted.

China's commercial aerospace market is expected to reach 800 billion ($121 billion) by 2020, according to Hu Zhongmin, head of the international division under China Aerospace Science and Technology Corporation.

Thanks to the Belt and Road Initiative, China's aerospace industry will embrace more in-depth international cooperation and establish a corridor of space information.

China has already expanded its satellite communication services to 30 countries and regions, basically covering all of the regions along the Maritime Silk Road. In addition, the country is continuously improving the ability of its Beidou Navigation Satellite System, with a plan to cover all Belt and Road countries in 2018.