China races to rival the U.S. GPS system — one analyst says it won't overtake U.S. yet
China is set to become a major player in the "highly lucrative" satellite navigation market, as it seeks to compete with the U.S. government-owned Global Positioning System , an analyst said Monday.
"China has marked a major step in its race to increase market share in this highly lucrative sector," Singleton told CNBC's
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