China unveils big plans on Space Day

China celebrates its third Space Day, with big plans for its taikonaut brigade and an eye on the booming space tourism industry. The selection process of the third batch of taikonauts, or Chinese astronauts, has begun, with plans to begin assembling its space station in 2020. What will it take for China to join the bandwagon of the booming space industry? Can it compete with entrepreneurs who have the money and the desire to reach for the stars?