At the Seventh Manned Spaceflight Conference in Beijing, Chinese space officials publicly outlined the most detailed roadmap yet for landing astronauts on the Moon "before 2030." Ars Technica reports: China's lunar landings will involve a lunar-orbit rendezvous similar to what NASA did in the 1960s and early 1970s with the Apollo program. However, lacking a rocket as powerful as the Saturn V vehicle, the crew and lunar lander will launch separately to the Moon. According to slides shared on social media, the current plan involves: - An uncrewed test of the Long March 10A rocket (a single-stick variant, with no boosters) and the Mengzhou spacecraft to low-Earth orbit. Target: early 2027 - An uncrewed test of the larger Long March 10 rocket (a core stage with two boosters) and the Lanyue lunar lander, including descent/ascent from Moon's surface. Target: 2028 - A concurrent launch of two Long March 10 rockets, one carrying uncrewed Mengzhou and the other the Lanyue vehicle; they will dock in lunar orbit. Target: 2029 - Dual launch of Long March 10 rockets, this time with crew on the Mengzhou spacecraft, leading to crewed landing mission. Target: "Before 2030" The public release of this new information provides a timeline for gauging China's technical progress in its efforts to land humans on the Moon before 2030 and beat NASA and the United States back to the lunar surface. Notably, the plan (for now, at least) omits a mission similar to Apollo 8 or Artemis II, which involved a crew flying out to the Moon and either entering orbit or passing close by before returning to Earth. The Mengzhou vehicle should still get a workout closer to Earth with humans on board as part of missions carrying astronauts to Tiangong, China's space station in low-Earth orbit.

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An anonymous reader quotes a report from Reuters: While global tech stocks teeter, in China they have already crashed as lofty valuations collapse under worries about AI demand and curbs on Chinese exports. The meltdown, tanking the mainland STAR50 index of AI and semiconductor leaders by 40% in less than four months and vaporizing some $480 billion in market value, is an ill omen for wobbly world markets and a dampener on China's efforts at encouraging its savers into stocks to fund the AI boom. It has also slammed the brakes on a rally running two years, since economic stimulus promises sent shares soaring, and has stalled Beijing's push to break with a long boom-bust pattern and drive a "slow bull" market that delivers reliable performance. China's broad blue-chip index has dropped about 20% from highs made in June. "The stock market later evolved into a speculative crazy bull," said Beijing-based fund manager Dong Baozhen. "And now we see the bubble bursting." There was no clear trigger for the selloff in China, though traders pointed to high valuations, tax bills, and the threat of foreign bans on Chinese data center equipment. According to Goldman Sachs, AI stocks account for 42% of China's market capitalization and 57% of trading turnover, leaving investors widely exposed to the downturn. "What's happening is now going to put a stop for many of the companies trying to get themselves listed," said Hong Hao, managing partner and chief investment officer at Lotus Asset Management in Hong Kong. "Overemphasising the 'technology content' -- that is, the weighting of tech companies by market value in major indexes -- leads to a deviation, even a distortion, in capital behavior," said Leo Wang, partner at Beijing-based Qianchuang Capital. "This created a severe bubble in certain sectors and a serious drain on others." "Just like all other Chinese manufacturers, (chipmakers and AI suppliers) will eventually end up in a price war," said fund manager Wang Zhuo, partner at Shanghai Zhuozhu Investment Management. "There's no exception," he said. "All bubbles inevitably burst."

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