The port city of Ningbo in Zhejiang province is building a 20 billion yuan ($3.05 billion) rocket launch site to meet surging demand for putting satellites into orbit and further develop the industrial cluster of the commercial aerospace sector.

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Ningbo to build $3.05 bln rocket launchpad site

Ningbo is a time-honored international port city in east China's Zhejiang province. Its port, the Ningbo-Zhoushan Port, is the largest port in the world.

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