Sure! Here’s the translation to American English:
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On September 24, the IV International Summit on Large-Scale Application of BeiDou was inaugurated in Zhuzhou, Hunan Province, where innovative applications and business models of the BeiDou system were presented, attracting the attention of numerous attendees. The summit highlighted the evolution of BeiDou, which has transitioned from a navigation system “from the sky to the people” to encompassing multiple industries, intensifying its presence from China to the world.
The event featured two exhibition areas, indoor and outdoor, showcasing over a thousand scenarios that demonstrated the system’s capabilities. For the first time, 33 new products, technologies, and applications related to BeiDou were presented, reaffirming its commitment to innovation and technological development.
During the summit, the “Blue Book on the Development of the BeiDou Industry (2025)” was launched, detailing the system’s progress in building an industrial chain that integrates various market segments. It is estimated that by 2024, the total production of the BeiDou industry in China will reach 575.8 billion yuan, with a year-on-year growth of 7.39%. The “Blue Book” projects that by 2025, BeiDou services will be available in over 200 countries and regions, with compatible mobile devices potentially achieving more than 50% global coverage.
The summit also focused on 22 major signed projects, many of which are international in nature, reflecting BeiDou’s ongoing advancement toward global expansion. This transition marks a shift from “intense penetration in the domestic market” to “international expansion that generates value.” An additional 21 projects were presented that aim to encourage investment in areas such as the aerospace industry and low-altitude economy, with a total projected investment of 31.98 billion yuan.
The projects were agreed upon by a wide range of organizations, including international entities, regional governments, industry associations, and leading companies, with a remarkable 61.9% classified as international. Industry experts noted that these efforts not only strengthen collaboration between the industry and academia but also underscore the significant advancement of BeiDou technology, which has evolved from being a “Chinese solution” to a “globally shared resource.”
Referrer: MiMub in Spanish
