The Internet of Things market in China is expected to hit $ 800 million in 2015 . Beijing has earmarked $ 80.3 billion for IoT investment by 2020 . China has created state-funded zones like CNN . `` I really feel that the next paradigm for product design will be changed by the Internet and the new range of materials we now have , '' he said . China aims to become a global leader in setting IoT global standards .
The Internet of Things market in China is expected to hit $ 800 million in 2015 . Beijing has earmarked $ 80.3 billion for IoT investment by 2020 . China has created state-funded zones like CNN . China aims to become a global leader in setting IoT global standards .