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[February 05, 2013]
China pending to issue policies to spur Internet of Things development
BEIJING, Feb 05, 2013 (Xinhua via COMTEX) -- China's State Council, or the cabinet, is expected to release guidelines on promoting the development of Inte rnet of Things industry soon, according to a report by Xinhua-run Econ omic Information Daily.
Following the pending guidelines, relevant supporting measures incl uding fiscal, investment and financing policies will come out, the rep ort adds.
The newspaper quotes an unnamed authoritative expert as saying that the supporting policies would urge greater credit support from commer cial banks to key demonstration projects, encourage setting up special funds to support innovative companies, and enlarge and diversify inve stment entities in Internet of Things industry by promoting the engage ment of venture capital.
Besides, a policy of guiding companies in the industry to go public was also in discussion to solve the capital shortage during the indus try development.
According to the analyses from securities companies, the output sca le of China's Internet of Things industry increased 38.6 percent to 36 5 billion yuan in 2012, and is expected to exceed 500 billion yuan by 2015.
(Edited by Lu Yuan, firstname.lastname@example.org)
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