Unlike traditional one-off spacecraft, the new spacecraft will fly into the sky like an aircraft, said Chen Hongbo, a researcher from the corporation.
The spacecraft can transport people or payload into the orbit and return to Earth.
Chen said that the spacecraft will be easier to maintain and can improve the frequency of launches at lower cost, bringing new opportunities for more people to travel into space.
"Currently, China is developing its own reusable earth-to-orbit space vehicles that can take off and land horizontally. They have already finished several crucial ground tests for engines and [other key components], yielding remarkable achievements," Liu Shiquan, vice director of the China Aerospace Science & Industry Corporation (CASIC), told media at the Global Space Exploration Conference in Beijing.