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China sees rising passion for entrepreneurship amid downward economic pressure

Chinese startup companies are growing, despite global downward economic pressure.

According to statistics, nearly 20,000 companies have been registered in the country every day since the beginning of this year. These promising businesses have created a powerful force of entrepreneurship and innovation, injecting strong impetus into China’s economic development.

Galaxy Space, a commercial aerospace company established in April 2018, is developing on a fast track. “We will probably have a big move before the end of the year – to launch China’s first commercial broadband low-Earth-orbit satellite,” said Liu Chang, vice president of the company.

He introduced that as a young startup, the company now has 140 employees under the management of experienced and professional teams. Galaxy Space recruited top talents in China, and enjoys advanced technological reserves.

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