China is a space power. The Shenzhou manned spaceshipproject and Chang'e lunar exploration project has made remarkableachievements in the world. Investment in aerospace program is tremendous,the Shenzhou manned spaceship project and Chang'e lunar project hasinvested 18.0 billion RMB, and 2.3 billion RMB respectively. The input-outputratio of aerospace investment is alarming, the U.S. Apollo program inputoutputratio is 1:14. Many industries has driven by the aerospace program. Theindustry, such as new material, new energy, telecommunications, equipmentmanufacturing, will benefit from the investment of aerospace program. Thispaper focus on the impact of aerospace program investment on China nationaleconomy and other Industries. We constructed a CGE(Computable GeneralEquilibrium) model, which can describe the macro economy system, cansimulate the impact of aerospace program investment on national economyand other industry. This paper constructed a SAM (Social Accounting Matrix)which based on 2007 China statistics data. The SAM is a base data set forCGE model. The paper simulate the output of industries by the shock ofaerospace program investment. At last, we give policy advice for China.
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