Home › Forums › Exchange Brokers Discussion › Avatrade › China's BeiDou navigation industry value will take 25% global share by 2025.

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  • 08/02/2021 at 3:54 AM #512238
    kafa88
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    https://video.cgtn.com/news/2021-08-01/Value-of-China-s-BeiDou-industry-to-reach-25-of-global-share-by-2025-12lLXXCoCK4/video/4fa96a995f0845e49079d3c42b059603/4fa96a995f0845e49079d3c42b059603-750.png

    Experts say the value of slotxo China’s Beidou satellite navigation industry will exceed 1 trillion yuan (about $155 billion) by 2025, accounting for 20 to 25 percent of the global share.

    Cao Chong, chief scientist of the GNSS (Global Navigation Satellite System) and LBS (Location Based Service) Association of China that 2020 is an important turning point for BeiDou as the construction of the system is completed and in focus.

    switch to industrial and large-scale applications On July 31, 2020, Chinese President Xi Jinping It was officially announced that the BeiDou-3 system was completed and completed at a ceremony held in Beijing.

    This system allows users around the world to access highly accurate location, navigation and time services.
    Over the past year, BeiDou has made significant progress, Cao said, adding that BeiDou’s services have been applied to a variety of scenarios in different industries.

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