China Stocks recently reported that Iran and China signed an agreement to introduce China’s Beidou Satellite Positioning System into Iran. Iran Electronics Industries (IEI), Iran’s largest electronics company, plays a key role in the country’s satellite industry. IEI held a formal ceremony for the official launch of the Beidou-based program. China will not only supply the ground stations but also construct a space data collection center. China’s Beidou Satellite Positioning System is China’s independently developed and independently run positioning system that provides all-time and all-weather precise positioning services. Currently Iran cannot obtain high precision services from the Global Positioning System (GPS) that the United States owns. The U.S. GPS system is the largest and the most widely used satellite positioning system in the world.
Source: China Stocks, October 19, 2015