Major transportation vehicles in parts of China are now required to use homegrown Beidou Navigation Satellite System.
The People's Bank of China on Friday issued a set of gold and silver commemorative coins featuring China's first aircraft carrier.
The municipality of Beijing is encouraging investment in the navigation and location-based services industry, suggesting there is a market worth at least 50 billion yuan ($8 billion) by 2015 after China put its own satellite navigation network into commercial use.
China is likely to release a document deemed vital for mass application of its Beidou navigation satellite system by the end of the year as it is ready to provide services overseas, according to experts.
That China has joined the satellite navigation and positioning club alongside the United States, Russia and the European Union shows the importance the country has attached to innovation and technology.
A navigation system, capable of almost pinpoint accuracy, will cover more than 100 cities and benefit at least 200 million people across the nation.
China Mobile has started construction on an industrial park in Northeast China to boost the application of China's BeiDou Navigation Satellite System.
China successfully launched another satellite into space for its indigenous global navigation and positioning network at 11:33 p.m. Beijing Time Thursday, the launch center said.
China's indigenous satellite navigation system and positioning network is helping to improve fishing safety and saves lives after being installed on all fishery patrol vessels.
A 16th satellite will be added to China's indigenous satellite navigation system, Beidou, within this month, paving the way for the network to provide services to the Asia-Pacific.
A new satellite for China's homegrown Beidou navigation system will be launched at the end of October to join 15 satellites already in orbit, the Beijing News reported on Monday.
China is building a highly accurate navigation system, the Ministry of Science and Technology said.
China Spacesat Co Ltd, the nation's key developer of small satellites, said on Saturday that it will obtain 116 million yuan ($18.3 million) in government financial support.
China successfully launched another two satellites into space for its indigenous global navigation and positioning network at 3:10 am Beijing Time Wednesday.
Shanghai is seeking to market a homegrown satellite navigation technology by setting up a navigation and positioning platform and an inspection center.
Though dark clouds are looming over the global financial landscape, Ma Weihua believes that there is still light at the end of the tunnel for enterprises that have "innovation" as their calling card.
A base for promoting technological innovations for China's Beidou satellite navigation system has been established in Shanghai.
China's satellite-navigation industry and location-based services are set to play an increasingly important role in the next decade.
China will build a testing and certification network for its Beidou satellite navigation system over the next three years to sharpen the system's global competitiveness.
China may give favorable policies in August to the geoinformation industry, predicted to produce $157 billion goods and services by 2020.
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