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China’s Beidou/Compass system will spur the country’s economic development in the satellite-navigation industry, geoinformation, and location-based services, according to an article in China Daily. China’s civil navigation providers are likely to experience rapid growth during the 12th Five-Year Plan (2011-15) period.
According to the article, “Earlier this month, Wang Chunfeng, deputy director-general of the National Administration of Surveying, Mapping and Geoinformation, said the government is likely to introduce policies to help the geoinformation industry grow.
“In addition, the nation’s self-developed satellite navigation network, the Beidou Navigation System, will come into commercial use by the end of this year, a move that may stimulate the development of the geoinformation industry in China.”
