(Yicai Global) April 1 -- China is preparing to launch a communication satellite, Palapa-N1, for Indonesia at the Xichang Satellite Launch Center in southwest China's Sichuan province.

The satellite was developed under a contract signed between the China Great Wall Industry Corp. under the China Aerospace Science and Technology Corp. (CASC) and the Palapa Satelit Nusantara Sejahtera of Indonesia in May 2017.

The satellite will provide communication and broadcasting services to Indonesia and other countries and regions participating in the Belt and Road Initiative.

Editor: Xia Ruirui