The annual product of China’s satellite navigation and location service industries will exceed 225 billion yuan (36.6 billion U.S. dollars) in 2015, a white paper predicted on Tuesday. By 2020, when China is expected to expand its home-grown regional BeiDou Navigation Satellite System to global coverage, the industries’ annual product will hit 400 billion yuan, with 800 million users, according to the white paper released by the Global Navigation Satellite System (GNSS) and Location Based Service (LBS) Association of China. Read More
