(Yicai Global) Nov. 24 — China will build One Belt, One Road (the Silk Road Economic Belt and the 21st Century Maritime Silk Road) Spatial Information Corridor that will cover a vast area, including Oceania, Central and Eastern Europe and Africa within next 10 years, according a government document.
Various ways including public-private-partnership (PPP) should be implemented to build the spatial corridor and to encourage social and international commercial investment in the project, says the document released by National Development and Reform Commission of China and State Administration of Science, Technology and Industry for National Defense of China. Commercial companies should also be attracted to provide market services for the government and the public, it says.
Social capital is encouraged by the Chinese government to participate in space infrastructure construction and space operation services with market value such as high resolution earth observation satellites, mobile communication satellite constellation and data collection satellite constellation, as well as in the construction and operation of industries based on spatial information and in regional cloud data centers.
The government also supports establishing close cooperation modes between commercial satellite enterprises and state-owned enterprises under the framework of One Belt and One Road strategy.