China lists the Internet of things as a strategic emerging industry

On February 19, the national development and Reform Commission announced that the guiding opinions on promoting the orderly and healthy development of the Internet of things (hereinafter referred to as the opinions) drafted by the Commission in conjunction with relevant departments had been approved by the State Council. The opinions encourages private capital to invest in the Internet of things and promote the integrated development of the Internet of things and the new generation of mobile communication and other technologies.

The opinions said that China has regarded the Internet of things as an important part of strategic emerging industries, and will realize the wide application of the Internet of things in various fields of economy and society in the future.

The opinion proposes to strengthen the R & D and industrialization of low-cost, low-power, high-precision, highly reliable and intelligent sensors, strive to break through the basic common technologies such as core chips, software and instruments of the Internet of things, accelerate the R & D and innovation of key technologies such as sensor networks, intelligent terminals, big data processing, intelligent analysis and service integration, and promote the Internet of things and the new generation of mobile communications Integrated development of cloud computing, next generation Internet, satellite communication and other technologies.

The development of Internet of things industry will be supported by finance and taxation. The opinions clearly stated that the Internet of things enterprises that meet the conditions of the current tax preferential policies for software and integrated circuits will be supported to enjoy the relevant tax preferential policies according to the regulations, and the Internet of things enterprises identified as high-tech enterprises will enjoy the relevant income tax preferential policies according to the regulations.