US GPS Rivalry: $9 Billion Invested to Launch 55 Satellites Over 10 Years
Unprecedented Advance Notice of President Xi Jinping's Attendance

[Asia Economy Beijing=Special Correspondent Jo Young-shin] Chinese President Xi Jinping will attend the completion ceremony of the 'Beidou (北斗, Bukdu Chilseong)' satellite system on the 31st, according to China's state-run Global Times on the 30th.


The Global Times reported that President Xi will emphasize the great rejuvenation of the Chinese nation through the construction of a space power at this event.


It is very unusual for President Xi to disclose the event he will attend in advance. This indicates the Chinese government's great pride in the construction of the Beidou satellite system.


Beidou is a satellite system independently developed by China to counter the United States' satellite positioning system (GPS). Last month, on the 23rd, China launched the 30th and final satellite of Beidou 3, completing the Beidou system.


China has launched a total of 55 satellites since 2000 to build this system.


After launching the first Beidou 1 satellite in 2000, China began providing services domestically, and in 2012, expanded the service coverage to the Asia-Pacific region.



In particular, the Beidou military system is known to have a positioning accuracy within 10 cm. China invested $9 billion (approximately 10.8 trillion KRW) to build the Beidou system.


This content was produced with the assistance of AI translation services.

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