China Races To Match The U.S. With Its Own GPS System

CNBC: China races to rival the U.S. with its own GPS system — but one analyst says it won’t overtake the U.S. yet 

* China could become a major player in the “highly lucrative” satellite navigation market, said Craig Singleton, adjunct fellow at Foundation for Defense of Democracies. 

* For now, China’s homegrown Beidou system doesn’t appear to threaten the dominance of the U.S. government-owned Global Positioning System (GPS), said Singleton. 

* Beidou has rekindled concerns among those in the West about privacy and security of Chinese technology, he added. 

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 (GPS), an analyst said Monday. 

But China’s homegrown Beidou system is not likely to overtake the GPS system for now, said Craig Singleton, adjunct fellow at the hawkish Foundation for Defense of Democracies. 

“China has marked a major step in its race to increase market share in this highly lucrative sector,” Singleton told CNBC’s “Squawk Box Asia.”  

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WNU Editor: The Chinese are learning that it is hard to compete against a product (like GPS) that is free, reliable, dependable, and has a long consumer history.