Clearly there are benefits to the Chinese having a presence in space. Space capacities would include GPS (independent of current GPS), satellite capacity for imaging/earth studies, possible strategic interference with other satellites (either jamming/damaging), to name a few. It points out the obvious: the US should not give up on space development and exploration. There are two many useful and strategic needs that can only be met through a space program.
Update: Xinhua News Agency reported this week that China has completed construction of the Tiangong 1 ("heavenly palace") space module. The 19,000-pound, unmanned orbiting laboratory is scheduled to be launched sometime next year aboard a Long March 2F rocket. Automated and crew dockings could follow later next year.
Replay available now: A handful of emerging network technologies are competing to be the preferred wide-area connection for the Internet of Things. All claim lower costs and power use than cellular but none have wide deployment yet. Listen in as proponents of leading contenders make their case to be the metro or national IoT network of the future. Rick Merritt, EE Times Silicon Valley Bureau Chief, moderators this discussion. Join in and ask his guests questions.