On August 28, news broke that the Fifth International Summit on Large-Scale Beidou Application is slated to be held in Zhuzhou, Hunan Province, from September 15 to 16. At present, representatives from over 20 countries across Asia, Africa, and the Americas, as well as from various international organizations, have confirmed their attendance, with an anticipated turnout of roughly 180 international guests. It is estimated that by 2025, the total output value of China's Beidou space-time industry will surge to RMB 1,332.3 billion. Presently, the Beidou system's services have earned recognition as one of the four globally acknowledged satellite navigation systems by the United Nations, with its related products being exported to more than 140 countries and regions worldwide. In countries involved in the Belt and Road Initiative, Beidou's application achievements and products have secured a market share of 58%. To date, the summit is scheduled to unveil 37 innovative products and technologies and ink deals for 28 significant projects, involving a total investment of RMB 4.38 billion.