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According to a presentation by China's Satellite Navigation System Management Office, the value of industries related to the country's BeiDou Navigation Satellite System (BDS) will surpass 1 trillion yuan (about 156.4 billion U.S. dollars) by 2025.
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China s Beidou-related industry estimated to top 1 trln yuan by 2025
Xinhua
27 May 2021, 02:05 GMT+10
NANCHANG, May 26 (Xinhua) The value of industries related to China s homegrown BeiDou Navigation Satellite System (BDS) is estimated to exceed 1 trillion yuan (about 156.4 billion U.S. dollars) by 2025, said an official with the country s satellite navigation administration. The figure was revealed by Yang Jun, deputy director of China s Satellite Navigation System Management Office, at the three-day 12th China Satellite Navigation Conference that opened Wednesday in Nanchang, capital of east China s Jiangxi Province. China has fostered a complete and independent industrial chain for developing BDS and has exported BDS-powered products to more than 120 countries and regions, Yang said.