The head of the Ministry of Industry and Information Technology revealed at the '2017 China Internet of Things Conference' opening on November 9 in Fuzhou that China's Internet of Things has entered a period of rapid development and has formed a relatively complete Internet of Things that includes chips, equipment, software, system integration and Internet of Things services Industry chain The just released "2016-2017 China Internet of Things Annual Report" shows that China's Internet of Things industry scale jumped from 170 billion yuan in 2009 to 930 billion yuan in 2016. It is estimated that the industry scale will exceed 1.5 by 2020 One trillion yuan.