China to further expand business scope, application scenarios of Beidou system

China's will continue to expand the business scope and application scenarios of the BeiDou Navigation Satellite System (BDS) as it reached its sixth-year global operational milestone on Friday.

During the 15th Five-Year Plan period (2026-2030) , China will strengthen the integration and innovation of related technologies while expanding application scenarios and market scale, aiming to drive the BeiDou industry past the 1 trillion yuan mark (about 148.12 billion U.S. dollars) , said the National Development and Reform Commission (NDRC), the country's top economic planner.

As an important national space infrastructure, the BeiDou system has been applied to key industries such as agriculture, transportation, and emergency response.

In the emergency response field, the BeiDou-based "Eagle Eye Guardian" early warning system has achieved second-level perception, early warning, issuance, and warning intervention for traffic risk events such as sudden braking, meeting on curves, and slow-moving vehicles.

In meteorology, the accuracy rate of sounding observations has reached 99 percent, ranking among the best globally.

Meanwhile, BeiDou services have become one of the four major global navigation satellite systems recognized by the United Nations, as its related products have been exported to more than 140 countries and regions.

BeiDou-based applications in precision agriculture, digital construction, and smart ports have been successfully implemented across countries in the Association of Southeast Asian Nations, Africa, West Asia, and North Africa.

China to further expand business scope, application scenarios of Beidou system

China's insurance industry paid out 5.53 billion yuan (approximately 770 million U.S. dollars) in claims related to natural disasters during the first half of this year, playing its dual role as an economic shock absorber and social stabilizer amid a spate of extreme weather events.

China has entered the critical July-August flood season, a period traditionally marked by heavy rainfall and heightened disaster risks. Industry authorities have emphasized the establishment of comprehensive response mechanisms covering the entire disaster cycle, encompassing pre-, mid-, and post-event phases.

Since May, torrential rains, typhoons and other severe weather conditions have triggered urban flooding, reservoir breaches and landslides across multiple provinces, including the Guangxi Zhuang Autonomous Region, Hubei and Gansu, resulting in casualties and significant economic losses. In response, insurance companies have activated emergency protocols and rolled out a series of service measures.

"The insurance industry has received a total of 533,000 claims across 20 provinces affected by rainstorms, floods, typhoons and earthquakes. The estimated loss stands at 11.05 billion yuan, with 5.53 billion yuan already compensated," said Fang Yong, deputy secretary-general of the Insurance Association of China.

To expedite claims processing, the insurance industry has adopted a streamlined approach, waiving on-site inspections, meteorological certificates and road rescue fees.

China's insurance sector pays out 5.53 bln yuan in disaster claims in H1