Date
18 October 2017

Shandong steps up internet of things foray, paper says

Shandong province is aiming to turn internet of things (IOT) into a 200 billion yuan (US$32.82 billion) industry by 2015, China Securities Journal reported Wednesday, citing guidelines from the provincial government. The technology, which allows internet connectivity for a large array of objects, will be used in a wide variety of industries including, agriculture, energy saving and transportation. The government is urging financial companies to support the sector and related IOT firms to go public, the report said.

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