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GalaxySpace to Build East China Super Factory to Mass Produce Low-Cost Satellites

https://www.yicaiglobal.com/news/galaxyspace-to-build-east-china-super-factory-to-mass-produce-low-cost-satellites New infrastructure greets a boom. Chinese satellite start-up Galaxy Space announced Thursday it will build a satellite mega factory in Nantong, East China’s Jiangsu Province, which will be able to achieve mass production with a relatively low cost, producing one satellite a day.

GalaxySpace, which started operating in 2018, has low-orbit broadband satellite communication technology capabilities. The GalaxySpace Star it successfully launched on Jan. 16 is China’s first low-orbit broadband private communications satellite with a communication capacity of 10 gigabytes per second, and its signals can beam over 300,000 square kilometers.

The launch star of GalaxySpace has verified low-orbit Q/V/Ka and other frequency band communications for the first time in the world, and recently achieved the country’s first low-orbit satellite internet fifth-generation wireless communication network test. The company’s latest value is likely to be over USD1 billion.

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Detection and Genetic Characterization of Community-Based SARS-CoV-2 Infections — New York City, March 2020

https://www.cdc.gov/mmwr/volumes/69/wr/mm6928a5.htm
The NYC Department of Health and Mental Hygiene conducted sentinel surveillance of influenza-like symptoms (ILS) and genetic sequencing to characterize community transmission and determine the geographic origin of SARS-CoV-2 infections. Among 544 specimens tested from persons with ILS and negative influenza test results, 36 (6.6%) were positive. Genetically sequenced positive specimens most closely resembled sequences circulating in Europe. Trump’s lie collapses.

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China’s GDP up 3.2% in Q2, becomes 1st major economy to return to growth.

https://www.globaltimes.cn/content/1194694.shtml China’s GDP up 3.2% in Q2, becomes 1st major economy to return to growth in wake of COVID-19

China’s GDP contracted 1.6 percent for the first time in the first half of a year in nearly three decades, battered by COVID-19 headwinds. But in the second quarter, the economy grew 3.2 percent, reversing from a 6.8-percent contraction in the first quarter, a sign of the resilience deeply rooted in China’s economy amid a global freefall when the coronavirus pandemic has plunged most major economies into a near standstill.

Retail sales plummeted 11.4 percent year-on-year to 17.22 trillion yuan ($2.46 trillion) in the first half. Industrial added-value contracted 1.3 percent, while fixed-asset investment slumped 3.1 percent to 28.16 trillion yuan, according to data released by the National Bureau of Statistics (NBS) on Thursday.

The unemployment rate was 5.7 percent in June, a 0.2 percentage point decrease compared with May, the data showed.

“The second-quarter performance was better than expected, as production on the supply side picked up and investment caught up. The economy in the latter half of the second quarter moved from post-virus recovery to periodic climbing up to a certain extent,” Tian Yun, vice director of the Beijing Economic Operation Association, told the Global Times. 

In June alone, retail sales sank 1.8 percent year-on-year, narrowing from a 2.8 percent contraction in May. Industrial value-added rose 4.8 percent, marking the third consecutive month of renewed growth.

Despite what might be the low single-digit growth in the second quarter, China could still achieve best-in-class results among the world’s major economies and lead the global recovery in the wake of the pandemic, analysts said.