China space technology is still below par compare to the USA and
USSR. But the recent ShenZhou Flight in 2004 & 2005 had proven
that Chinese Space technologists had managed to integrate the USSR
tech into the Shenzhou Space programme.
More importantly, Chinese space agency has successfully done 2
repeatable manned space flights after the USA and USSR. We can
expect to see a great inflow of USSR talents into China, and
provide a great boast in China technological Great Leap Forward in
2010 - 2020 time frame.
In addition, the space technologies could also be used in both
civilian and military application. We will see China as a new tech
leader in radar, signal, semiconductors and aerospace industries
sooner than we expect, in around 5years down the road.