Value of China’s BeiDou industry to take up 25% of global share by 2025

CGTN published this video item, entitled “Value of China’s BeiDou industry to take up 25% of global share by 2025” – below is their description.

China officially commissioned its BeiDou-3 Navigation Satellite System on July 31, 2020. In an exclusive interview with CGTN, Cao Chong, chief scientist of the GNSS and LBS Association of China, said the value of industries related with China’s BeiDou Navigation Satellite System exceeded 400 billion yuan in 2020, taking up about 15 percent of the world’s total. The share is expected to climb to 20 percent and even 25 percent of the world’s total by 2025.

For more:

CGTN YouTube Channel

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In This Story: China

China is the third largest country in the world by area and the largest country in the world by population. Properly known as the People’s Republic of China, the political territory of the country includes the former nations of Tibet and Hong Kong. The capital is Beijing.

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