This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lonely Out in Space, China Looks for Partners and Business

TAIPEI (TheStreet) -- China has asked before that the West let it join the exploration of outer space. It might as well have reported sightings of three-eyed green men riding on saucers.

Now it suddenly has a shot at working with foreign countries and their aerospace contractors.

Last month China made a robotic soft launch to the moon, took a few snaps and left. Technically, that's enough to become the world's third country to reach the symbolic sphere that orbits earth. This month the head of China's space industry, Xu Dazhe, politely asked again via his country's state media about working more deeply with other countries in outer space. He meant the West.

Because of its peaceful and successful space missions since 1999, China may finally get replies to its calls for cooperation, despite lingering worries about aerospace technology theft and use of space to spy.

Translation into business terms: aerospace contracts.

China wants to visit outer space mainly to say it has visited outer space, which is good for rallying nationalism at home, just as other big countries have. It shows no signs of budgetary constraints or domestic disagreement about whether space program is worth it. And China wants to work with other countries to learn from them. Other countries might even learn from China now, making for more of a cooperation among equals more than before. China has shown it can reach the moon without foreign help on a path toward its own space station into orbit within 10 years. (It's barred from the International Space Station.)

"What's different now is that China is more capable," says Lin Chong-pin, a Taipei-based China scholar and former deputy Taiwan defense minister. "More participation would dilute the China threat issue, and the Chinese are smart. They know they can learn from others."

China isn't releasing an outline of the cooperation it wants. But most of the space-traveling world has effectively left the era of looking for life on Mars to focus more on earth-related missions such as national defense, environmental research and satellite communications. China has already helped other countries launch satellites, including a Dec. 21 launch for Bolivia.

These terrestrial interests may be the launch pad for what looks like inevitable cooperation.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $94.99 0.00%
FB $99.54 0.00%
GOOG $678.11 0.00%
TSLA $148.25 0.00%
YHOO $26.82 0.00%


Chart of I:DJI
DOW 16,014.38 -12.67 -0.08%
S&P 500 1,852.21 -1.23 -0.07%
NASDAQ 4,268.7630 -14.99 -0.35%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs