Date
22 April 2018

China targets 400 bln yuan sat nav industry by 2020, govt says

China aims to boost its satellite navigation industry into a 400 billion yuan-plus (US$65.4 billion) sector by 2020, according to a State Council statement posted on the central government’s website on Wednesday. To help the homegrown Beidou system achieve global reach by that year, Beijing will encourage local companies to expand abroad and foreign firms to develop and use the system, the statement says. China will also promote car and smartphone applications of the system.

– Contact HKEJ at [email protected]

YL/AC/SK

 

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