According to the Institute of Industrial Internet and Internet of Things under the China Academy of Information and Communications Technology (CAICT), by 2023 major cities across the country will have been basically covered by the IoT modernizing social governance, industrial digitalization, and consumption upgrading.

According to statistics, By the end of 2020, the ownership of IoT SIM cards in China had exceeded 1.2 billion, and the country’s number of backbone IoT enterprises with an output value of more than one billion yuan surpassed 200. The scale of the country’s IoT industry exceeded 2.4 trillion yuan ($375.8 billion), surpassing the target of 1.5 trillion yuan set out in the country’s 13th Five-Year Plan (2016-2020). According to the MIIT, the new plan encourages aunits that have mastered key and core technologies in such fields as intellisense, new-type short-distance communication, and high-accuracy positioning and pool efforts to launch a batch of IoT terminals, platforms, and services featuring advanced technologies, extraordinary performance, and good user experience.

People’s Daily, November 13, 2021