Chinese city of Wuxi leads 'Internet of Things' industry in 2009

By eGovAsia Editors | Nov 2, 2010

Thumbnail: 

BEIJING (Business Wire) --  Unlike the Pearl River Delta cities in Southern China which emerged as China's first information industry base due to their advantages in geographic location, cost and government policies, the Wuxi City in eastern China's Jiangsu Province is leading the new wave of the "Internet of Things" in 2009.

Wuxi has made significant achievements through the years in the development of the information industry. The city is now a leader in IC design, packaging and manufacturing in the upstream of information industry chain, with the largest number of IC enterprises and the highest production value in China, which provides a solid technology and industry foundation for the development of Internet of Things.

Moreover, as one of China's top 10 cities in terms of GDP, Wuxi's financial strength has supported city's launch of its "Internet of Things" industry.

Following Wuxi's suit, cities including Beijing, Shanghai, Fuzhou, Shenzhen, Guangzhou, Chongqing, Kunshan, Chengdu, and Hangzhou have also joined the first contingent for the development of the Internet of Things. Thus, a new wave of competition among Chinese cities has emerged after a recession of enthusiasm in the development of the information industry represented by PC and the Internet.

With tremendous local government support,  Wuxi has also managed to settle development schemes, introduce key research institutions and attract investments in the area of "Internet of Things" in an effective and efficient manner.

As the Internet of Things industry in Wuxi still faces great challenges in R&D, business model, industry standards and industry chain development, it is expected to require additional investments in future, which will in turn help elevate the profile of the city.

Apart from Wuxi, cities including Beijing, Shanghai, Guangzhou, Chongqing, and Fuzhou are actively engaged in the deployment of "Internet of Things" in line with their respective local industry developments and needs.