China is preparing to launch a new-generation quick-response rocket in 2016 to seize more of the international commercial launch market, industry insiders said.

The Kuaizhou-11, or Fast Vessel-11, is being developed by the Fourth Academy of China Aerospace Science and Industry Corp, a major supplier of missiles to the People's Liberation Army. Its first launch is planned for late 2016 or early 2017, said Zhang Di, head of the company's space projects department, at the First China Commercial Launch Forum in Wuhan, Hubei province, on Friday.

Zhang said the solid-fuel rocket will be able to place a 1-metric-ton payload into a sun-synchronous orbit at an altitude of 700 kilometers. Prelaunch preparations will take very little time, and the launch can be conducted on rough terrain.