China Aerospace Science and Industry Corp, the nation's largest missile developer, plans to build a space-based information network that will provide global coverage.

Liu Shiquan, deputy general manager of the State-owned space and defense giant, said on Monday the company will put 156 communications satellites into low Earth orbit, at an altitude of 160 to 2,000 km. Each satellite of the network will be able to transmit 500 mega-bytes of data per second.

"We will launch a satellite this year to demonstrate the technologies for the Hongyun Project. Before 2019, four satellites will have been put into space to conduct trial operations. The rest will follow in 2019 and 2020, ensuring that the whole network will be built before 2021," he said at the Second China Commercial Aerospace Forumin Wuhan, Hubei province.