(Source: The Central People's Government of the People's Republic of China) China's commercial eye in the sky is ready to produce solid down-to-earth profits for its customers. Fifteen years after the Beidou satellite was launched, the GPS-like navigational system is helping to generate $31.5 billion for online clients such as China Aerospace Science and Industry Corp, AutoNavi Holdings Ltd, and China North Industries Group Corp. Already 70 percent of China's population of nearly 1.4 billion use smartphones to search for popular locations, call taxis, work out travel arrangements and even jogging routes. That is all made possible because of Beidou, which literally touches hundreds of...
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