Having the theme of "Understanding Chengdu -- a wisdom city", the 2011 China (Chengdu) International Summit for the Internet of Things opened on the morning of Nov 22.

Liu Chao, a member of the standing committee of the Chengdu municipal CPC committee and leader of Chengdu's leading group of the development of the Internet of things industry, attended the summit and delivered a report on the development of the city's Internet of things industry.

On behalf of the Chengdu municipal government, Liu congratulated the success of the summit and introduced the city's economic and social development.

Chengdu has formed several advantageous industry clusters, including the electronic communication. The city's development prospect and investment environment attracted many domestic and international investors. Chengdu has accommodated 200 Fortune 500 companies, the number of which ranking the top among the central and western China.

Chengdu has prioritized the development of the Internet of things industry and considered it as an important measure to transform the economic development pattern and modify the city's industrial structure. Moreover, the plan to construct Chengdu-Chongqing economic zone and the Tianfu new area also provides a good opportunity to accelerate the development of the Internet of things industry.

This is the second time for Chengdu to hold the International Summit of Internet of Things, setting a communication platform for the city's Internet of things industry.

In 2010, the Chengdu municipal government planed to develop Chengdu as an international advanced and domestic leading highland in the industry of the Internet of things industry. Chengdu has also set up an industrial expert panel to establish a coordination mechanism to improve the industrial development administration.

Chengdu plans to build a 3.5-square-kilometer Chengdu Shuangliu Internet of Things Industrial Park, an Internet of things product manufacture base and a technology conversion center. Main roads in the park will be open to traffic by the end of 2011. Chengdu has also begun to build a scientific incubation park of the Internet of things, so as to accelerate the construction of the Internet of things industrial park in the city's high-tech industrial development zone.

Chengdu's high-tech industrial development zone and its Shuangliu county have singed 17 contracts on internet of things projects with an investment of nearly 13.1 billion yuan ($2.06 billion), involving more than 70 companies. Seven projects in the Internet of things industry obtained the national fund support in 2011 with a total investment of 17 million yuan.