China mulling formation of rocket company
(Xinhua)
Updated: 2008-03-10 22:16

BEIJING -- China is mulling to set up a rocket company for the commercial operation of its rocket industry, an official with China Academy of Launch Vehicle Technology said on Monday.

The planned shareholding company is expected to integrate a number of institutions involved in rocket research, development, manufacturing and testing and would be listed in the A-share market, said Liang Xiaohong, the academy's vice president.

A detailed plan for the new company would be unveiled this year, said Liang, a member of the 11th National Committee of the Chinese People's Political Consultative Conference (CPPCC), the top political advisory body.