Source: China – South China Morning PostThe central Chinese city of Wuhan has vowed to create a 100 billion yuan (US$15.7 billion) space industry by 2025 and become China’s “valley of satellites”, joining other cities tasked with developing the sector.Wuhan is offering firms up to 50 million yuan in financial incentives each in projects related to the manufacturing of satellites, rockets and spacecraft, according to a notice from the city government on Wednesday.The amounts for the inland city are modest compared with ambitious plans…Read More