This year's Internet of Things Forum, held from Nov 23 to 24, came to a conclusion in Chengdu, Sichuan province.

Under the theme, "Perceive Chengdu, a city of wisdom," the forum included an executive summit, a variety of forums, a project signing ceremony, economic and trade negotiations, and an exhibition to show the city's achievements.

More than 500 representatives from IBM, the US Measurement Specialties Inc, Chunghwa Telecom, Qisda, Lenovo, Hewlett Packard and other foreign and domestic leading enterprises and trade associations attended the forum.

The Internet of things generated the third wave in the world's information industry, following the computer and Internet. It is a strategic high ground to seize the new round of economic and technological developments.

In 2010, Chengdu formulated the Chengdu Internet of Things Development Plan, striving to develop the city in the Internet of things industry and to offer advanced, first-class deliveries.

The Internet of things industry in the city's new and high-tech development zone yielded an output valued at more than 6.5 billion yuan ($1.02 billion) in the first half of 2011. A total of 20 billion yuan is expected to be achieved in Chengdu's Internet of things industrial chain throughout 2011.