09 December 2020
China's satellite navigation and positioning industry gained a total output value of 345 billion RMB (about 52.8 billion USD) in 2019, according to the latest report. The sector's output value is expected to hit 400 billion RMB in 2020, according to the report released by the China Satellite Navigation Office on the construction and development of the BeiDou Navigation Satellite System (BDS). Over the past decade, China has seen the total output of its satellite navigation and positioning industry grow by an annual average of more than 20 percent, read the report.
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