China Achieves Successful Vertical Rocket Landing at Sea, Nears SpaceX Tech

TL;DR Summary
Chinese company CAS Space successfully flew and landed a small rocket-like prototype using vertical landing technology, similar to SpaceX's reusable rocket stages. The prototype could potentially be applied to future rocket models, including heavy-lift launchers. The private space industry in China is trying to catch up after the government allowed commercial rocket companies to exist in 2014. The successful test flight and landing could change the game for the Chinese rocket industry, but it remains to be seen when a Chinese rocket will perform a vertical landing after traveling to space.
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