China is at the global forefront in developing the internet of things (IoT), leading the way with the construction of IoT infrastructure and its industrial applications, according to a new report released during the 2021 World Internet of Things Convention. He Xuming, Chairman of the WIOTC Executive Committee said that “the output value of Internet of Things is projected to exceed CNY2 trillion in China in 2021.” He told the conference that despite Covid-19, China has built nearly 1.4 million 5G base stations, marking a solid step in the construction of infrastructure for the IoT. Citing the report, He said the 2021 IoT output value is expected to exceed USD8 trillion in the world, with about 20% year-on-year growth.
The report said more than 600,000 IoT industrial applications and life service systems have been developed globally, mainly in fields including agricultural production and industrial manufacturing, pandemic prevention and control, healthcare, transportation, electricity and energy and environmental protection. He called for global efforts to build international technological standards to promote IoT development, suggesting all governments, institutions, business associations and enterprises around the globe jointly build the IoT digital economic market.
Li Bohu, Academician at the Chinese Academy of Engineering (CAE), said that amid a new era of smart IoT, more efforts should be made to build a technological innovation system that brings together enterprises, universities, research institutes and end-users, cultivate more talent, increase policy support, foster the integrated development of technologies, application and industries, and strengthen global exchanges and cooperation.
The 2021 World Internet of Things White Paper was also released during the convention. “The IoT not only makes traditional industries smarter and more ecological, but also improves the quality of products and makes the supply chain smarter, more accurate and reliable. This will foster new sources of economic growth in the world, generate hundreds of trillion-dollar markets and create hundreds of millions of jobs.” Su Tao, Executive Vice Chairman of the WIOTC Executive Committee, said globally accepted technical standards are needed to facilitate the global interconnection of all things, the China Daily reports.
