China is expected to introduce policies in August that will give preferential treatment to the geoinformation industry, which is predicted to produce 1 trillion yuan ($157 billion) worth of goods and services by 2020, said an industry source.
The policies, which are likely to be issued by the State Council this month, will call for the use of tax cuts and other measures to support the industry, according to Cao Hongjie, vice-president of Beijing UniStrong Science & Technology Co Ltd, a Chinese maker of navigation products.
The polices are aimed at making the geoinformation industry - which offers a range of products and services related to surveying, mapping and navigation - one of China's strategic emerging industries, Wang Chunfeng, deputy director-general of the National Administration of Surveying, Mapping and Geoinformation, said last month. Read More on China Daily
[found via ASM Newsletter]