Home appliances have been an issue in China for years.
Now, China is facing a new problem: people with no idea what they’re buying.
As China is becoming a world leader in appliances, the Chinese government is trying to solve this problem by introducing a new set of standards that will let customers know if the appliance they’re looking at is a piece of junk.
This new set is called “Internet of Things” (IoT), and the Chinese have been trying to make this technology available to all of the population in order to solve the problem of a country with an estimated 9,000 IoT-related deaths a year.
The Chinese government also recently launched an initiative called “Dongxiang” or “Made in China” to bring China’s IoT into the mainstream.
In the U.S., a recent report from a leading technology company revealed that the IoT was responsible for an estimated $15 billion in lost business during the first three months of 2018.
The problem for consumers in China is that there is no way for them to check whether a piece toasters are legitimate or not.
While Chinese citizens have the option to use a “verified” piece of IoT toasters, it’s not clear whether it’s safe.
According to the report, “it’s a very complicated issue,” and some Chinese citizens don’t have the technology skills to know whether a product is a real appliance.
In a recent interview with the Wall Street Journal, IOTA founder Mark Zuckerberg explained the Chinese IoT initiative in more detail.
According for the WSJ, Zuckerberg said that the Chinese initiative “is very ambitious and ambitious, but the fact that they have taken this step, that they’ve gone forward with this, I think that’s really good.”
Zuckerberg believes that Chinese people will start to understand the concept of IoT and start buying more appliances.
“If they understand IoT, they will want to buy more things, and if they understand that these appliances are not going to be good, then they will realize that this is not good, and this is the kind of thing that we’re going to have to change the way we make things, he said.
Zuckerburg added that “we need to do everything we can to help the Chinese people get the IoT thing to them, and I believe that we have a chance to make it happen.”
China has been one of the most aggressive markets for Chinese consumer products in the past few years, with the country spending more than $500 billion on home appliances in the first half of 2019 alone.
As Chinese consumers spend more money on home devices, they’re becoming increasingly reliant on the Internet of Things.
The government is planning to create a universal Internet of Consumer Goods (IOCG) by 2020, which will give Chinese citizens the ability to make and sell IoT-connected home appliances.
China is also reportedly trying to push the IoT to all levels of the Chinese economy, with companies like Alibaba and Xiaomi launching their own IoT products in 2017.