Abstract: The overall status of the development of the global Internet of Things was studied. From the perspective of the global Internet of Things policy development, capital dynamics, industrial development and other aspects, the important progress of the key sectors of the Internet of Things was analyzed. The main progress and characteristics of the development of the Internet of Things in China were summarized. The challenges faced by the development of the Internet of things in China were pointed out. In the end, proposals for pushing the Internet of Things and the related of industry development of China are proposed.