Despite its budding stage in China, revenue from the IOT sector as from infrared sensors and RFID manufacturing is expected to top US$14.
Wen proposed to set up the "Experience China" center to enable the world to experience everything in China through IOT applications.
Also China has invited Taiwan's IOT developers to visit the officially-invested IOT facilities in Wuxi, with the invitees including Chunghwa Telecom, D-Link, Industrial Technology Research Institute (ITRI), GemTek, First International Telecom, Tatung, and Alpha Networks.
Wen's IOT vision and instructions have spawned a slew of developments: Since early this year, China has accelerated interconnecting telecom networks, telecasting and broadcasting networks and the Internet, offering subscribers on a single platform wide ranging services including voice, data and telecasting and broadcasting, with the triple-play network considered the foundation of China's IOT future.
Zhang says that the commission will aggressively promote six measures to develop IOT and other emerging industries in China, including interconnecting the three networks, inspiring investments in IOT projects, and creating demand for IOT applications.
Apparently China is serious about building the IOT sector in the nation.
China, the United States, Germany, and South Korea have also called for global partnership to set standards for the nascent IOT industry to prepare for potentially massive growth.
In light of China's vast domestic market and its aggressive attempt to play a major role to form international IOT standards, Taiwan's IOT developers are reportedly eager to work with their Chinese counterparts on mutual standards.
Lee, a senior market researcher at Topology, advises Taiwan's IOT developers to watch closely China's standardization of its RFID and electronic-labels, as well as try to work with China's agency on IOT protocols based on its homegrown TD-SCDMA 3G technology and take part in China's IOT infrastructural projects.