Experts say the value of slotxo China's Beidou satellite navigation industry will exceed 1 trillion yuan (about $155 billion) by 2025, accounting for 20 to 25 percent of the global share.

Cao Chong, chief scientist of the GNSS (Global Navigation Satellite System) and LBS (Location Based Service) Association of China,

told CGTN that 2020 is an important turning point for BeiDou as the construction of the system is completed and in focus. switch to industrial and large-scale applications

On July 31, 2020, Chinese President Xi Jinping It was officially announced that the BeiDou-3 system was completed and completed

at a ceremony held in Beijing. This system allows users around the world to access highly accurate location, navigation and time services.