Wenchang, we have a problem – China’s latest business and technology news

Business & Technology

A summary of the top news in Chinese business and technology for July 3, 2017. Part of the daily SupChina newsletter, a convenient package of China’s business, political, and cultural news delivered to your inbox for free. Subscribe here.

JINHUA, CHINA - NOVEMBER 10: A woman running business of banners poses with a support banner for Republican presidential candidate Donald Trump at Yiwu International Trade Centre on November 10, 2016 in Jinhua, Zhejiang Province of China. Businessmen at Yiwu International Trade Centre exported their election banners to foreign countries during the 2016 U.S. presidential election. (Photo by VCG/VCG via Getty Images)

Caixin reports that “a rocket carrying China’s heaviest satellite failed mid-flight after its launch on Sunday, casting a cloud over the large-load carrier’s role in deploying the Chang’e-5 lunar probe later this year.” The Long March-5 rocket, China’s newest type of rocket designed to carry heavy payloads, blasted off from the Wenchang Space Launch Center on Hainan Island carrying a 7.5-ton satellite designed for telecommunications experiments. Xinhua News Agency said that “an anomaly occurred” and the rocket failed to enter orbit.
In response, electric car and space entrepreneur Elon Musk tweeted: “Sorry to hear about China launch failure today. I know how painful that is to the people who designed & built it.”