China's latest five-year plan for its space sector, covering 2026-2030, emphasizes ambitious objectives, particularly in space mining and digital infrastructure. The Tiangong Kaiwu project intends to mine water ice in space, positioning it as a vital resource for sustaining life and generating rocket fuel. Unlike Western firms that focus on precious metals, China's strategy centers on water extraction. Over the next five years, the plan includes feasibility studies and technology demonstrations, such as robotic drills and in-orbit processing, with an eye toward full-scale industrial mining. A significant technical challenge lies in China's goal to establish gigawatt-level digital infrastructure in space. While the idea has garnered attention, the reality is complicated. Space data centers face unique cooling issues because of the vacuum environment. On Earth, cooling systems use air or water circulation, but in space, waste heat must be dissipated through radiation. This would require vast radiators, far beyond current launch capabilities. This ambitious goal seems more aimed at competing with SpaceX than being realistically achievable within the proposed timeline. China is also targeting the burgeoning space tourism market, leveraging its own space station as a potential tourist destination. Recent tests conducted by CAS Space demonstrate progress in this area. However, the ambition to influence international space traffic management regulations stands out as particularly nebulous. It raises questions about whether China aims to create its own regulatory frameworks or engage with existing ones, challenging the dominance of Western countries in setting industry standards. This five-year plan marks a significant shift in China's approach to space exploration, contrasting sharply with reduced funding for NASA and U.S. space initiatives.