China's geoinformation industry generates 200b yuan

BEIJING - The output value of China's geographic information industry is expected to reach 200 billion yuan ($31.8 billion) by the end of this year.

According to a statement issued by the National Administration of Surveying, Mapping and Geoinformation on Thursday, the output may exceed 400 billion yuan by the end of 2015.

Moreover, domestic geographic information software take up 70 percent of the country's relevant market share, and the market share of indigenous digital photogrammetry software in China has reached 90 percent, the statement said.

An advanced system of geographic information-related technologies and equipment is taking shape in China, combining space, air and on-the-ground technologies and equipment, including the Ziyuan III satellite, the BeiDou Navigation Satellite System and a national emergency geoinformation monitoring system, the statement said.

China on Thursday opened its first national technology industrial park for geographic information industries in the Beijing suburb of Shunyi.