More than a decade of growth in scenic Jiangsu province city results in strong development pace and complete industrial chain for technology-based industries

A national leader in the internet of things, or IoT, Wuxi, a city in East China's Jiangsu province, has built an industrial cluster worth more than 200 billion yuan ($28.2 billion).

Wuxi is home to a complete IoT industrial chain of more than 2,000 companies producing sensing chips, network communications and application products. Their operating revenue surpassed 263 billion yuan in 2018, a year-on-year increase of 23.7 percent.

The history between Wuxi and the IoT can be traced back to 2008 when IBM suggested building a "smart planet", and when a growing number of cities set out to become "smart". Wuxi grasped the opportunity to take a new approach to its industrial restructuring.