20 July 2016
The output value of China's satellite navigation and location-based service industry grew 29.2 percent in 2015, with the country's self-developed BeiDou Navigation Satellite System making a big contribution, according to a white paper. The output value reached 173.5 billion yuan (26 billion U.S. dollars), nearly 20 percent of it from the BeiDou application, showed the white paper released by the Global Navigation Satellite System and Location Based Service (GNSS & LBS) Association of China on 20 July.
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