On November 3rd, the 9th World Internet of Things Conference opened at the Beijing National Convention Center and released the "White Paper on the World Internet of Things Digital Economy". Data shows that the number of global IoT connections continues to grow rapidly, and China ranks among the top in IoT infrastructure construction, digital economy innovation and development. This year, the number of IoT connections in China is expected to exceed 3 billion. The Internet of Things is an infrastructure that uses perception technology and network communication technology as the main means to achieve ubiquitous connections between people, machines, and things, providing services such as information perception, transmission, and processing. In today's world, digital technologies represented by the Internet of Things are integrating into various aspects of life, empowering thousands of industries, and increasingly becoming a powerful engine driving business and economic development. The Chairman of the Executive Committee of the World Internet of Things Conference, He Xuming, introduced that the intelligent connection of all things and the digital economy are reshaping a brand new world. The global digital economy driven by IoT intelligent technology is growing rapidly at a rate of 20% per year. This year, the number of IoT connections worldwide has increased by over 23% and is expected to exceed 25 billion. China is at the forefront of the world in terms of IoT infrastructure construction and innovative development of the digital economy. It has built the world's largest, most widely covered, and high-performance network infrastructure, and is becoming a world innovation powerhouse with new quality productivity as its core element. Data shows that this year, China is expected to build over 4.3 million 5G base stations to support the Internet of Things, with the number of "Internet of Things" connections expected to exceed 3 billion. The annual output value of the digital economy is expected to exceed 7 trillion yuan, with a growth rate of over 20%. There are nearly one million enterprises with advanced digital economy conditions for the intelligent connection of all things. Currently, investment in IoT digital economy infrastructure accounts for over 60% of global total investment, and it is expected that by 2030, the advanced digital economy output value of the global Internet of Things is expected to exceed $50 trillion, "said He Qiang, Secretary General of the World IoT Conference. (New Society)