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May 10th, 2011
Countdown to a New GPS

In China’s dynamic high technology industry dominated by young entrepreneurs in their 20s and 30s, 59-year-old Lu Jianguang might seem out of place. But he is involved in a business that perhaps only the more elderly can best understand – “selling time”. As the president of Beijing Guozhiheng Power Management Technology, one of the first companies to provide a civilian service based on China’s Beidou navigation system, Lu’s job is to sell devices that can measure time to a nanosecond – one billionth of a second. By tracing and synchronizing time to such a precise level, Lu’s products ensure the safety of many electricity power stations, telecom carriers and even financial institutions. Read More