China has revealed its initial growth plan for the industry of geographic information, it is reported by the National Administration of Surveying, Mapping and Geoinformation in China.
The geoinformation industry is viewed by China as a new point of economic expansion and the country has plans for establishing a definitive industry program with standalone intellectual property copyrights by the year 2020.
Chinese policies will concentrate on the development of remote sensing provisions plus the manufacture of mapping and surveying devices including navigation frameworks, in line with their planning.
China will play an active role in supporting primary enterprises and enhance innovative talent out in the field through training, it is stated in the plan.
In May, China’s internally developed Beidou satellite navigation system attained positional accuracy inside one meter and it is anticipated that the system will be utilized in the sectors of maritime rescue and exploration, marine monitoring and sailing.
The Beidou satellite navigation business sector on its own is forecast to output $65 billion (400 billion Yuan) before the end of 2020, it was reported by an expert in geo-spatial data.