Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Industry

BeiDou Navigation Satellite System plus 5G technology to generate new economic growth points: official

August 04, 2020


Abstract : The integration of emerging technologies such as the Beidou Navigation Satellite System (BDS) and 5G will give birth to new industries, reported Economic Information Daily Tuesday quoting an official.

(新华全媒头条·图文互动)(5)中国北斗全球梦圆——写在北斗三号全球卫星导航系统全面建成之际.jpg

BEIJING, Aug. 4 (Xinhua) -- The integration of emerging technologies such as the Beidou Navigation Satellite System (BDS) and 5G will give birth to new industries, reported Economic Information Daily Tuesday quoting an official.

China will further promote the integration of satellite navigation, 5G, mobile communication, big data, Internet and other emerging technologies so as to create new economic growth points, said BDS Spokesperson Ran Chengqi at a press conference of the State Council Information Office.

Over the past decade, the overall output value of China's satellite navigation and location services industry has increased by more than 20 percent on average annually, Ran pointed out.

The output value of the industry hit 345 billion yuan in 2019 and is expected to exceed 400 billion yuan in 2020, he added.

He also noted that domestic companies are working to integrate the high-precision applications of the BDS system with 5G applications in autonomous driving and Internet cars.

At present, the BDS system has begun to taken shape in terms of application and market development.

The Chinese government should provide policy support in intellectual property protection, tax and capital loans to encourage Chinese firms to expand investment in the Beidou industry chain, said Ran. (Edited by Gu Shanshan with Xinhua Silk Road, gushanshan.1987@163.com)

Scan the QR code and push it to your mobile phone

Keyword: 5G BeiDou Navigation Satellite System

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial