The Islamic Revolutionary Guard Corps’ Aerospace Force paid roughly $36.6m for the satellite in a renminbi-denominated agreement

Chinese President Xi Jinping applauds during the closing session of the National People's Congress (NPC) at the Great Hall of the People in Beijing on 12 March 2026 (Andres Martinez Casares/Pool/AFP)

Published date: 15 April 2026 18:22 BST

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Last update: 1 month 14 hours ago