03 March 2020
The Beijing municipal government has released a three-year plan to promote the innovation and development of industries related to the Beidou Navigation Satellite System. The city administration will foster breakthroughs in key and core technologies, and create a sound ecology for Beidou-related industries via cultivating competitive enterprises, according to the plan. It is estimated that the total output value of the Beidou navigation and location service industry in Beijing will exceed 100 billion RMB (about 14.4 billion USD) by 2022. Beijing will also build an innovation center for Beidou-related industries with global influence and set up a standard application system.
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