Hold up—where do you get the assessment that LandSpace "is not state funded" and that these startups have "quite limited funds"? My understanding is the diametric opposite. Here's WSJ:
> "At least six Chinese rockets designed with reusability in mind are planned to have their maiden flights this year. In November, the country’s first commercial launch site began operating. Beijing and local governments are giving private-sector companies cash injections of billions of dollars."
https://www.wsj.com/world/china/chinas-own-elon-musks-are-ra...
This is a national security priority for the Chinese state, which is why it's rational to expect a heavy amount of state support.