China Industrials "China's expanding space and ocean ambitions" Xu

研报英文原文证据摘录

China Industrials "China's expanding space and ocean ambitions" Xu

Global Research

18 June 2026ab

China Industrials Equities

ChinaChina's expanding space and ocean ambitions

Industrial

Robin Xu

Why China is actively looking to expand its space and ocean economies Analyst

Commercial space and deep-sea are becoming increasingly important strategic bin.xu@ubs.com

industries for China, driven not only by the country's first-mover ambitions, but also by +86-21-3866 8872

three structural factors: 1) growing constraints on land, including the depletion of Kunlun Li

terrestrial mineral resources; 2) accelerating US deep-sea legislation; and 3) China's Analyst

increasingly competitive R&D-driven advanced manufacturing capabilities. We S1460520080002

highlighted these investment narratives and ESG consideration and environmental kunlun.li@ubs.com

protection policies as two important concerns in two reports (see our APAC Focus on +86-21-3866 8894

deep-sea and China Commercial Space), as resources extraction in deep ocean poses Zed Sheng

serious and largely irreversible risks to marine ecosystems. In this report, we examine Analyst

how the two frontier industries are evolving and highlight that stocks with exposure to S1460525030003

them remain underappreciated, as China actively pursues its space and ocean ambitions. zed.sheng@ubs.com

+86-21-3866 8730

China aerospace commercialization accelerates Amily Guo

AnalystCommercialisation of aerospace in China has been challenging, with remote sensing still

S1460518050002

primarily government-focused, while communications services face low willingness to

amily.guo@ubs.com

pay given China's well-developed 5G infrastructure. However, space-based computing +86-105-832 8845

could offer a new path to commercialisation.