US-China tech war: China’s GPS rival BeiDou poised to support industry worth US$156 billion by 2025

//US-China tech war: China’s GPS rival BeiDou poised to support industry worth US$156 billion by 2025

US-China tech war: China’s GPS rival BeiDou poised to support industry worth US$156 billion by 2025

The value of China’s BeiDou satellite navigation industry is estimated to be worth 1 trillion yuan (US$156 billion) by 2025, according to state news agency Xinhua, as the country continues to seek alternatives to US technology.China’s satellite navigation industry was worth more than 400 billion yuan by 2020, growing at an average annual rate of 20 per cent, according to a Xinhua report on Wednesday, citing Yang Jun, deputy director of China Satellite Navigation Office, at an industry…

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By | 2021-05-27T09:30:08+00:00 May 27th, 2021|Headlines|Comments Off on US-China tech war: China’s GPS rival BeiDou poised to support industry worth US$156 billion by 2025