In Jiangsu province, Wuxi becomes a global leader in IoT development

As the hub of China's internet of things sector, Wuxi, Jiangsu province, has prioritized development to lead the city's emerging strategic industries.

By the end of last year, the city's IoT sector employed more than 180,000 people, according to the local government. The 2,000-plus IoT companies generated combined income of more than 243 billion yuan ($35.5 billion) for the city last year, equal to 50 percent of the income made by IoT companies in the province, and 25 percent of the national total. The annual growth rate of Wuxi's IoT industry has been higher than 20 percent in the five years ending in 2017.

In November 2009, the State Council, China's Cabinet, approved the Wuxi National Sensing Innovation Demonstration Park, which marked the beginning of the city's focus on the development of the IoT industry. Since then, local IoT companies have undertaken projects in more than 60 countries and regions worldwide.