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The Beidou system has been performing well, with its navigation precision improving steadily since it began providing services to users in the Asian-Pacific region on December 27 last year, said Yang Qiangwen, a leading scientist with the China Satellite Navigation Office in an interview with Xinhua.
“We are seeking favourable policies and attracting investment to promote the technology for public use,” he said.
“It will not be long before mobile phones adopt the Beidou system” added Yang.
China started to build up its own space-based Positioning, Navigation and Timing system in the year 2000.
China has successfully launched 16 navigation satellites and four other experimental ones for the Beidou system.
Beidou has so far mostly provided licensed services for China’s government and military users in transport, weather forecasts, fishing, forestry, telecommunications, hydrological monitoring and mapping.
The fourth China Satellite Navigation Conference, to be held in Wuhan City of central China’s Hubei Province in May, will focus on the opportunities and challenges for the system’s application, Yang added.
Xinhua
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57 founding members, many of them prominent US allies, will sign into creation the China-led Asian Infrastructure Investment Bank on Monday, the first major global financial instrument independent from the Bretton Woods system.
Representatives of the countries will meet in Beijing on Monday to sign an agreement of the bank, the Chinese Foreign Ministry said on Thursday. All the five BRICS countries are also joining the new infrastructure investment bank.
The agreement on the $100 billion AIIB will then have to be ratified by the parliaments of the founding members, Chinese Foreign Ministry spokesman Lu Kang said at a daily press briefing in Beijing.
The AIIB is also the first major multilateral development bank in a generation that provides an avenue for China to strengthen its presence in the world’s fastest-growing region.
The US and Japan have not applied for the membership in the AIIB.