China smart city investment forum in Beijing

A China Smart Cities Investment & Finance Forum for 2015, at Beijing’s Exhibition Center, on July 10, provided a site for discussing the value of smart cities in better work methods, urbanization, modern agriculture, efficient resource allocation, business travel, improved living quality, and sustainable cities.

“Smart cities” refers to a new generation of information and technology such as the Internet of Things, Cloud Computing, Big Data, and Spatial Geographic Information Integration for the planning, construction and management of cities and making services more “intelligent”. This leads to a smart city system that includes smart communities, transportation, education, medical care, and pensions.

Li Baochun, the deputy secretary general of the World Tourism Cities Federation, sponsor of this forum, addressed the gathering by analyzing the smart city’s contribution to urban development and smart tourism, and their connection to investment and finance, and said that the federation will set up an investment commission to develop smart cities and smart tourism.

There was also an Investment and Financing Services and China’s Smart City Innovations roundtable that led to conversations on the budget and models of urban development that included Li and other guests.

Hosts of the forum were the China Association of Private Equity, World Tourism Cities Federation, World Mobile Internet Association and China Smart Cities International Expo Committee.