Beijing is developing an Earth-Moon space economic zone plan that may provide annual revenues of up to $10 trillion, according to a report by state-owned The Science and Technology Daily released on Friday.
The economic zone will cover the area between the Earth and the moon, according to the China Aerospace Science and Technology Corporation (CAST).
The report cited Bao Weimin, the head of the science and technology commission at CAST, who said the transport technology should be put in place by 2030 and an logistics system by 2040. The economic zone should be in full operation by 2050, said Bao.
China’s set its sight for the moon the last few years. Beijing landed a lunar rover on the far side of the moon on January 3 of last year using its Chang’e 4 probe.
“Aerospace fans predicted that the plan will accelerate many important projects, including the Long March-5 carrier rocket, China’s largest launch vehicle, which is expected to be used to send the Chang’e-5 probe in 2020 to bring moon samples back to Earth, and China’s heavy-lift carrier rocket, the Long March-9, which is expected to make its first flight around 2030 and will support manned lunar exploration, deep space exploration and construction of a space-based solar power plant,” added state-owned Global Times.