China's 2015 Target for Basic 'Internet of Things' Structure
China aims to build a basic industrial structure for the Internet by 2015 to promote technical upgrading and public service levels, according to a government document.
The structure will center on the "Internet of Things", regarded as the third round of the information technology revolution after the emergence of mobile phones and the Internet. It refers to uniquely identifiable objects and their virtual representations in an Internet-like structure.
The country will "launch fiscal and tax policies in favor of investment and financing (in the sector), so as to promote an orderly and healthy development of the Internet of Things", according to a guidelines document on the central government website on Sunday. Equipping objects with identifying devices could transform daily life. For instance, businesses may no longer run out of stock or generate waste products, as involved parties would know which products are required and consumed.
The State Council, China's cabinet, said the country will achieve "applications of the Internet of Things in key areas by 2015, as well as breakthroughs in core technologies".
China will "develop a number of backbone enterprises, cultivate a group of innovative small businesses, and form a number of distinctive industrial clusters," the guidelines stated.
