26 May 2021
Yang Jun, Deputy Director of China's Satellite Navigation System Management Office, said at the 3-day 12th China Satellite Navigation Conference in Nanchang, capital of east China's Jiangxi Province, that the value of industries related to the BeiDou Navigation Satellite System (BDS) is estimated to exceed 1 trillion RMB (about 156.4 billion USD) by 2025. 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. He added that based on BDS's performance index in the first half of this year, the system is functioning well with a signal-in-space accuracy of less than 0.5 m.
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