Are you still concerned about real estate? Aerospace is a big business

When talking about the contribution of the aerospace industry to the economy, the most mentioned is the large amount of technological achievements and technological progress and economic growth brought about by the Apollo mission to the moon. Apollo manned moon landing project, has produced a series of patented products, including wireless communication, diaper and so on. CT and nuclear magnetic resonance for health testing are the products of the space shuttle program.

For large countries with economic and technological strength, aerospace has always been an industry with a high return on investment. With billions of billions of investment, every progress is a big event of global attention...

In the traditional impression, the aerospace industry has always been labeled with "tipal technology", "national defense", "human exploration", "high cold" and "burning money". In fact, aerospace has always been an industry with a high return on investment for big countries with economic and technological strength.

In the early morning of October 19, the Shenzhou 11 spacecraft and Tiangong 2 automatically rendezvous and docked successfully. This is the flight simulation of the combination of the Shenzhou 11 spacecraft and the Tiangong 2 (taken in the large screen of the Beijing Aerospace Flight Control Center).

This is the image of the Chang'e-3 lander and patrol shot taken on December 15, 2013. The “Shenzhou Arctic” high-efficiency integrated refrigeration station product on the No. 3 has been used in the Beijing subway, which has an annual operating efficiency increase of 20%-50% compared to other central air conditioners, and the floor space is saved by at least 1/3.

In October 2014, Hebei’s first batch of “Beidou” school buses were commissioned in Qinhuangdao. As soon as the child gets in and out of the car, the system will automatically send a message to their parents, which will provide a guarantee for the safety of the child.

On April 7, 1990, China successfully launched the US-made "Asian One" communication satellite into space with its own "Long March 3" carrier rocket, marking the official entry of China into the international space launch market.

On October 19, China Long March Rocket Co., Ltd. was officially unveiled in Beijing. Hao Zhaoping, party secretary of the China Academy of Launch Vehicle Technology, said that China’s Long March Rocket will launch a space launch service for the commercial market and provide a complete system solution from launch to satellite networking.

It is reported that China Long March Rocket Company will build three business segments: commercial launch service, sub-orbital flight experience and space resource utilization, and launch four types of launch services: space star network, space shuttle, space shuttle, and space shuttle. In terms of suborbital flights, the company said it will introduce different products and services such as ground weightless simulation training, 360-degree VR experience, and sub-orbital space travel for different ages, physical conditions and interests of tourists.

The establishment of the China Long March Rocket Company can not help but target the US Space Exploration Technology Company (SpaceX), but Han Qingping, president of China Long March Rocket Company, said that the benchmark SpaceX is only a near-term goal. China Long March Rocket Company is relying on the strong competitiveness of China's space base. It will gradually introduce assets into strategic investors and realize asset securitization. It is also one of the targets. It is expected to be listed on the Main Board in 2020.

Li Hong, dean of the China Academy of Launch Vehicle Technology, said directly that the Long March rocket ushered in a new starting point, which means that the commercialization era of Chinese rockets is officially coming.

The launch vehicle is an important part of the aerospace industry. Behind the advent of the Chinese rocket era, it is actually the overall layout of China's space economy. After the glory of the 60-year journey, how does China’s “aerospace economics” develop, develop, and achieve success? This issue of "Southern Special Feature" presents you with the approaching Chinese space economy.

Are you still concerned about real estate? Aerospace is a big business

For China, huge benefits are emerging in China's aerospace industry. On April 17, 1990, the Long March 3 carrier rocket launched the "Asian One" communication satellite manufactured by Hughes Corporation of the United States. Thus, the Long March rocket entered the satellite commercial service market. By 1999, more than 20 satellites were launched before and after, and 12 satellites were launched for the US "Iridium" system. These commercial launches have made considerable contributions to China's earning of foreign exchange and supporting economic development.

Big country game

For a large country with economic and technological strength, aerospace has always been an industry with a high return on investment.

With an investment of tens of billions of billions of dollars, every progress is a big event of global attention... In the traditional impression, the issue of aerospace has always been labeled as "the cutting-edge technology", "national defense cause", "human exploration" and "high cold". Burn money and other labels. In fact, aerospace has always been an industry with a high return on investment for big countries with economic and technological strength.

When talking about the contribution of the aerospace industry to the economy, the most mentioned is the large amount of technological achievements and technological progress and economic growth brought about by the Apollo mission to the moon. Apollo manned moon landing project, has produced a series of patented products, including wireless communication, diaper and so on. CT and nuclear magnetic resonance for health testing are the products of the space shuttle program.

In 2006, the Commercial Space Transport Office of the US Aviation Administration released a study on the Impact of Commercial Space Carrying Projects on the US Economy, which showed that the direct effect of the commercial space transport industry on the US economy was $16.6 billion. The indirect effect was $46.3 billion, resulting in an effect of $35 billion, or a total of about $98 billion.

The long-term promotion of aerospace industry investment to economic growth is mainly achieved through scientific and technological progress. According to a study conducted by the Midwest Institute of the United States in 1971, between 1959 and 1969, NASA spent $25 billion on research and development of civil aerospace projects. By 1987, this investment could generate a total of $188 billion. The output, cumulative input-to-output ratio was 17. In 1988, the Midwest Institute updated the study and found that NASA expenditures produced an input-to-output ratio of 19 in 1974-1994. The research results of the Chess Institute show that the input-output ratio of the NASA aerospace industry is 14%. This is often the source of the US aerospace industry that can generate $7 to $14 for every dollar invested.

The application of space technology has become one of the important driving forces for economic and social development. Gao Yuanyang, a professor at Beijing University of Aeronautics and Astronautics, said that the contribution of the aerospace industry to the economy is mainly manifested at four levels: the direct output of the aerospace industry (rocket, return equipment, ground monitoring and control facilities, space stations, etc.), and the driving effect on related industries (for Rocket, return equipment, ground measurement and control equipment manufacturing and related industries that provide intermediate products and services), economic benefits arising from aerospace technology and product applications (development of new medical devices, aerospace breeding, etc.), technology transfer and spillover effects in the aerospace industry (Engineering technology advancement and personnel training, etc.).

“In the past, our space launch mainly existed as a research project, focusing on research and exploration. But now our aerospace technology and project maturity are getting higher and higher. It is time to consider our aerospace business from a commercial perspective. China’s space development has reached a new stage, enough to support us out of the new path of the space economy,” Gao Yuanyang said.

"hard indicator"

In recent years, more than 1,800 spatial technology achievements have been applied to various sectors of the national economy.

Huge benefits are emerging in the Chinese space industry. On April 17, 1990, the Long March 3 carrier rocket launched the "Asian One" communication satellite manufactured by Hughes Corporation of the United States. Thus, the Long March rocket entered the satellite commercial service market. By 1999, more than 20 satellites were launched before and after, and 12 satellites were launched for the US "Iridium" system.

These commercial launches have made considerable contributions to China's earning of foreign exchange and supporting economic development. But these are not enough to make China's aerospace industry break out again. In 1999, China's aerospace industry ushered in a milestone, established China Aerospace Science and Technology Corporation and China Aerospace Science and Industry Corporation, and began to embark on the scale economy and high-tech added value of the aerospace technology application industry.

Not to mention the most intuitive "eyeball economy", just look at the "hard index" of technical achievements: 80% of China's more than 1,100 new materials in recent years have been developed under the guidance of space technology, with more than 1,800 spatial technology achievements. It has been applied to various sectors of the national economy, and more than 3,000 civilian enterprises have participated in the production and development of manned spaceflight.

Since the launch of China’s first man-made satellite “Dongfanghong No.1”, every advancement in space has made a unique contribution to China’s economic development. Before the launch of large-scale aerospace projects such as manned space flight and moon landing, space breeding and satellite communications were all important parts of China's early space economy. Only the United States, Russia, and China have return satellite technology in the world, and only these three countries have successfully carried out space-borne space breeding. Since the first use of returning satellites to carry plant seeds on August 5, 1987, China has successfully carried out dozens of space breeding experiments. More than 1,000 varieties of more than 70 species of seeds have been used for space breeding experiments. The rice breeding No. 1 produced by space mutation breeding increased the yield by 5%-10%.

The No. 3 technology has been used in the Beijing Subway. The central air-conditioning system of the Beijing Subway Guogongzhuang Station uses the “Shenzhou Arctic” high-efficiency integrated refrigeration station product of Beijing Satellite Manufacturing Company. It is a two-phase fluid circuit technology for the use of the No.3 on the hot moon and the extremely cold moonlight. Transfer to civilian use, the average annual operating efficiency of other central air conditioners increased by 20% - 50%, and the floor space saved at least 1/3.

In March 2005, the 11th Institute of Aerospace Science and Technology Group Beijing started the coal chemical project codenamed “301 Project”. This project is to make full use of the rocket engine's achievements and technical advantages in combustion, heat energy, pump and valve, control and non-standard design, and carry out research and development work on pulverized coal pressurized gasification technology. The core technology "aerospace pulverized coal gasification technology" has applied for 143 domestic patents and 27 international patents, of which 10 have been authorized, including Australia, South Korea, Japan, Vietnam and other countries.

In terms of wind turbine manufacturing, the Aerospace Science and Technology Group has both electric excitation and permanent magnet drive technology, and is the largest manufacturer of electric excitation direct drive fans in China. In the fields of energy equipment, engineering machinery, electromechanical integration, medical treatment, satellite applications, etc., in the research and application of new materials, special vehicles, special intelligent equipment, environmental test equipment projects, industrial automation control system projects, etc., China Aerospace has benefits output.

Return rate exceeds 300%

Shanghai has researched that a manned space flight of 1 yuan can make Shanghai produce 3.58 yuan of GDP, and its input-output ratio is 1 3.58.

Aerospace investment, whether direct or indirect, is very rich.

In the past few years, major breakthroughs have been made in manned spaceflight, lunar exploration projects, high-scoring projects, and Beidou navigation. China has fully mastered the key technologies of the three major manned spaceflights, such as round-trip, outbound activities, and rendezvous and docking. The Beidou satellite navigation area system has been fully completed and officially provides continuous passive positioning, navigation and timing services to the Asia-Pacific region. The high-resolution Earth observation system construction progressed smoothly, and the high-scoring satellite No. 2 marked the resolution of China's remote sensing satellites into the Asian-American era. At the same time, from 2011 to 2015, China Aerospace has also achieved remarkable results in satellite application and industrialization development. Beidou satellite navigation system has been widely used in transportation, marine fisheries, disaster reduction and disaster relief. The resource series satellites play an important role in geological disaster investigation, monitoring and management, and urban planning. More and more private enterprises and investment institutions have entered the space economy and become an important force in China's space economy.

Since the launch of China’s first man-made satellite “Dongfanghong No.1”, every advancement in space has made a unique contribution to China’s economic development. Before the launch of large-scale aerospace projects such as manned space flight and moon landing, space breeding and satellite communications were all important parts of China's early space economy. Only the United States, Russia, and China have return satellite technology in the world, and only these three countries have successfully carried out space-borne space breeding. Since the first use of returning satellites to carry plant seeds on August 5, 1987, China has successfully carried out dozens of space breeding experiments. More than 1,000 varieties of more than 70 species of seeds have been used for space breeding experiments. The rice breeding No. 1 produced by space mutation breeding increased the yield by 5%-10%.

Guo Wei, Economic and Social Law Consultation Center of Shanghai Academy of Social Sciences, and Zhang Xiangjian, Institute of Finance and Economics of Shanghai University of Finance and Economics, have studied the short-term effects and long-term effects of manned spaceflight projects on Shanghai's economic growth with the research method of American Chess Econometrics Partnership. The analysis results are: the investment of 1 yuan in the manned space industry can produce 3.58 yuan of GDP, and its input-output ratio is 1 3.58.

According to the data, during the “Twelfth Five-Year Plan” period, the income of the civil industry of the First Aerospace Science and Technology Group has achieved sustained and rapid growth, from 8.68 billion yuan in 2011 to 17.65 billion yuan in 2015, with an average annual growth rate of over 19%. During the “Twelfth Five-Year Plan” period, the accumulated income reached 63.4 billion yuan, a significant increase of 122% compared with the 28.6 billion yuan during the “11th Five-Year Plan” period.

Overall, the aerospace technology group, which is responsible for most of the research and development functions of China's aerospace industry, achieved steady growth in profits during the “Twelfth Five-Year Plan” period, breakthroughs in technology, new industrial layout, and internationalization. From 2010 to 2015, the Aerospace Science and Technology Group's revenue increased from 101.8 billion to 192.1 billion yuan. The CAGR (composite annual growth rate) reached 13.5%, and the profit increased from 9.1 billion yuan to 15.6 billion yuan. It has been in the forefront of the military industry group for many years. The satellite development and launch capability has entered the world's advanced ranks. From 2011 to 2015, the group launched 86 rockets and 138 spacecrafts, creating the world's highest aerospace launch success rate (97.7%); mastering the key functions of advanced aerospace power and new satellite payloads Technology, manned space flight, lunar exploration, satellite navigation, high-scoring special projects have all made major breakthroughs. Satellite applications and industrialization have achieved remarkable results, gradually integrating with traditional industries and emerging Internet industries, and becoming a new growth point. In addition, in line with the “Belt and Road”, the whole star exports to the international market. In 2014, it ranked among the world's top 500, ranking 437th. The goal is to reach 400 billion in 2020 and enter the world's top 300.

As early as the launch of Shenzhou-6, Han Liyan, a professor at the School of Economics and Management of Beijing University of Aeronautics and Astronautics, said: “The total investment in the aerospace industry is tens of billions of yuan each year, and its output value will double, so roughly estimate, from the output value. It can also produce five or six times the radiation effect."

Chinese layout

The Chinese aerospace industry with a corporate operation has begun to prepare for the arrival of the space economy.

The above-mentioned gains can be made. Of course, the most direct basis is the maturity of aerospace technology and industry, which is due to China’s long-term success in the aerospace industry.

China Aerospace Science and Technology Corporation was established on July 1, 1999 on the basis of some enterprises and institutions affiliated to the former China Aerospace Industry Corporation. The predecessor was the Fifth Research Institute of the Ministry of National Defense established in 1956. It has experienced the development stages of the Seventh Ministry of Machinery Industry, the Aerospace Industry Department, the Aerospace Industry Department and the China Aerospace Industry Corporation. This is not only a change in name, but also a change in thinking. The Chinese aerospace industry, which is a corporatized operation, has begun to prepare for the arrival of the space economy.

In 2007, the National Defense Science and Technology Commission and the National Development and Reform Commission issued "Several Opinions on Promoting the Development of the Satellite Application Industry" to accelerate the development of the satellite application industry. Then in 2008, China's space economy ushered in a watershed, and many new changes and new breakthroughs were completed around 2008. In 2008, the revenues of the two main businesses of the aerospace technology application industry and the aerospace service industry accounted for half of the aerospace technology group's turnover.

Aerospace Science and Technology Investment Holdings Co., Ltd. was established in 2008 to innovate the development model and management mode of the aerospace civil industry. By the end of 2008, Aerospace Investment had invested in 12 companies including Xi'an Aerospace Power Pump Industry and Inner Mongolia Shenzhou Silicon Industry. Then in the context of the global financial tsunami in 2008, Aerospace Investment attracted China Everbright Investment Management Company, National Development and Investment Corporation, and ZTE. Funds of Communications Co., Ltd., China Cinda Asset Management Corporation and China Chengda Engineering Co., Ltd.

On December 27, 2012, the Beidou system spatial signal interface control document was officially announced, and Beidou navigation business officially provided passive positioning, navigation and timing services to the Asia-Pacific region. The Beidou satellite navigation system has become a supplier identified by the UN Navigation Committee.

In August 2015, with the approval of the board of directors of Aerospace Science and Technology Corporation, a 16+4+4+X high-resolution commercial remote sensing satellite system was constructed through capital operation. On September 16, 2015, approved by the Ministry of Finance, Aerospace Science and Technology Corporation established Beijing Siwei Commercial Aerospace Technology Co., Ltd. to provide global users with all-weather ground observation with high spatial resolution, high time resolution and high spectral observation capability. Remote sensing data services and application system solution services, as well as value-added services for domestic land and resource surveys, mapping, defense security, environmental monitoring, financial insurance, and the Internet industry.

According to Yang Baohua, deputy general manager of China Aerospace Science and Technology Group, global commercial aerospace development has taken a dominant position. Last year, the total global aerospace economy reached $330 billion, and commercial aerospace accounted for 76%. The total industrial chain economy of the satellite industry reached US$203 billion, of which operations and services accounted for the majority, and manufacturing and emissions accounted for a small proportion. Communication, navigation and remote sensing have become the three pillars of commercial aerospace, with the communications industry accounting for 66%, navigation accounting for 32%, and satellite remote sensing accounting for 2%.

During the "Thirteenth Five-Year Plan" period, it is estimated that 110 long-term rockets will be launched, with an average annual output of about 20 times and a double emission density. During the "Thirteenth Five-Year Plan" period, China's aerospace industry is expected to maintain a high investment of 10 billion yuan. Especially with the promotion of policies, capital and technology, the development of China's aerospace industry has entered a fast lane.

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