Li Deren, an academician from the Chinese Academy of Science, delivers a speech at the forum. [Photo provided to chinadaily.com.cn]

Li Deren, an academician from the Chinese Academy of Science, said at the forum that the development of a commercial remote sensing satellite system will provide "significant social and economic benefits."

His idea was echoed by Fu Zhimin, an academician from the International Academy of Astronautics, who called for better administration of the aerospace economy and legislation of laws and regulations concerning the space sector.

Jiang Chunliang from the Chinese Academy of Military Science, said Taizhou has advantages in developing the aerospace sector, especially in the manufacturing of drones.

The China Aerospace Academy of Systems Science and Engineering has realized the localization and operation of civil-military integration in over 10 provinces, including East China's Jiangsu, Anhui and Shandong, Northeast China's Liaoning and South China's Guangdong.

It also holds technological transferring activities in over 30 cities in China each year, attracting over 800 local enterprises.