China's BeiDou reaches 90 percent application penetration across key industries

The BeiDou Navigation Satellite System (BDS) has expanded its footprint across major industries, as China has nearly 40 million BeiDou terminal devices in key sectors with overall application penetration standing at about 90 percent, the Ministry of Industry and Information Technology (MIIT) said on Monday.

At present, the BeiDou positioning function has basically become a standard configuration in mass consumer products such as smart phones, smart wearable devices and in-vehicle terminals.

In the first half of 2026, more than 98 percent of the 133 million mobile phones shipped in China's domestic market supported the BDS, and the number of BeiDou short message communication users exceeded 55 million.

This technology also expands across transport, public security, smart agriculture and other industries.

In the January-June period, designated sectors including shared two-wheelers, taxis, government vehicles, agricultural machinery and police equipment achieved 100-percent BeiDou adoption in a number of cities, the ministry said.

The People's Bank of China (PBOC), the country's central bank, said on Thursday that it will conduct an outright reverse repo operation worth 300 billion yuan (about 42.2 billion U.S. dollars), in a move aimed at keeping liquidity ample in the banking system.

The operation will run for three months and be conducted through fixed-quantity, interest-rate bidding with multiple price awards, according to the central bank's announcement.

Outright reverse repo operations -- a tool the central bank introduced in October 2024 to manage liquidity in the national banking system -- are conducted each month with a tenor of no more than one year.

These operations have enriched the country's monetary policy toolkit, complementing previous measures such as temporary repos, temporary reverse repos, and the purchase and sale of treasury bonds.