Huayin City.
On July 18, twelve countries reached a preliminary agreement on space cooperation and near-Earth defense here, with the publicly disclosed contents as follows:
First, within the next five years, build the 'Cold Palace No.1' Lunar Scientific Investigation Station, which can accommodate 15 individuals including five international astronauts, for long-term habitation. China shall bear 30% of the funding, with the remaining 11 countries jointly covering the other 70%. The estimated initial budget is 60 billion RMB;
