Explanation:

• Kuaizhou, meaning “fast ship” in Chinese, was operated by the commercial launch firm Expace and was originally scheduled for 2018 after being developed three years earlier.
• Also known as KZ-11, it had a lift-off mass of 70.8 tonnes, and was designed to launch low-Earth and Sun-synchronous orbit satellites.
• It was carrying two satellites — the first being a remote sensing satellite that would provide data to clients on a commercial basis for forecasting and managing geological disasters.
• Since the start of 2020, there have been 19 launches from China, three of which have failed (including Kuaizhou-11). Although the launch failed, it signifies a rapidly growing commercial space industry in China. Hence only statement 1st is correct.