China has secured investment commitments of 12.7 billion yuan (equivalent to $1.78 billion) for new projects of its BeiDou navigation satellite system (BDS) during an event held this week in central Hunan province. from China.
These agreements were signed during the Third International Summit on BDS Applications, where investments were announced for both industrial and consumer use of BeiDou technology, which competes directly with US-backed GPS.
Among the agreements, the participation of the Indonesian disaster prevention agency stands out, which will use the BeiDou system in its early warning network. Although the value of this specific contract was not made public, its implementation points to the international expansion of BDS in security and emergency applications.
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The event organizers presented ten key scenarios for the application of the BeiDou system, underlining its potential not only for domestic use, but also for overseas applications. These uses include regional short message communication and assistance in international rescue missions. Xiang Libin, vice president of China’s National Development and Reform Commission, highlighted that Beijing seeks to establish alliances with other countries to use BeiDou in these areas, noting that the system has already reached previous agreements with South Africa and Egypt.
China’s push toward global adoption of BeiDou represents an effort to consolidate its independence in navigation technology and reduce global dependence on American GPS, while strengthening its network of international alliances in high-precision technological infrastructure.
Source: https://reporteasia.com/tecnologia/2024/10/28/china-expansion-global-beidou/
