Funding kickstarts creative research
By Wang Qian | China Daily | Updated: 2013-05-02 07:56
China will invest 5 billion yuan ($810 million) in an industrial park to make products for Beidou, a Chinese navigation satellite system.
The park will be operating in the city of Tianjin by 2015, said industry expert Miao Qianjun.
Output at the 27-hectare Beidou Strategic Emerging Industrial Park is expected to be worth 10 billion yuan by 2017, said Miao, secretary-general of the Global Navigation Satellite System and Location-Based Service Association of China.
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