What does Taikonaut mean?

The term taikonaut is used by some English-language news media organizations for professional space travelers from China. The word has featured in the Longman and Oxford English dictionaries, the latter of which describes it as "a hybrid of the Chinese term taikong (space) and the Greek naut (sailor)"; the term became more common in 2003 when China sent its first astronaut Yang Liwei into space aboard the Shenzhou 5 spacecraft.