Market Trends

China's internet of things output reaches 930b yuan in 2016

China's industrial output in the internet of things exceeded 930 billion yuan ($140 billion) in 2016, a Ministry of Industry and Information Technology official said Thursday.

The value was almost six-times the level in 2009, when the sector saw 170 billion yuan of output, said Zhu Wan, deputy head of informatization and software service at the ministry, at the opening of an internet of things conference in Fuzhou, capital of Fujian province.

"Industrial chains have been formed in chips, sensors, terminal devices, application software, system integration and communication networks, with over 100 million machine-to-machine terminals set up via the mobile communication network," Zhu said.

In June, the ministry announced faster development of the internet of things infrastructure, and innovation in Internet of Things pilot zones. The zones aim to promote the Internet of Things in public safety, health care, urban management and well-being services.

"Accomplishment has been primarily achieved at the pilot zones, such as Fuzhou economic and technical development zone, with the internet of things integrated in fields of retail, transport, environmental protection, medical care and power grids," she said.

Zhu said the ministry would help companies that were influential and industry leaders, as well as encourage the creation of small and medium-sized internet of things startups.

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