2)Massive spendings on Moon mission/base will only make sense if moon mining is a necessity&possibility.
3)China right now definitely has more tech resources than the yanks in 1960s but there's no chinese space race with anyone. The US space establishment babbles on space race with china just for getting fundings.
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All the talks about china manned space missions probably mean ONE thing: China has money to spare.
Hindus babble on space projects mainly for 1 thing: To get attention. To be realistic: how much can they spend?