Chinese Bid For IoT Leadership Poses ‘Sobering Challenges’ for US, Says Report

China’s drive to become a global IoT leader “poses sobering challenges to U.S. economic and security interests,” said a report prepared for the U.S.-China Economic and Security Review Commission. China’s “robust participation in international standards committees has given Beijing greater opportunities to dictate the rules of the road,” it said. “Its research into IoT security vulnerabilities and its growing civil-military cooperation raise concerns about gaining unauthorized access to IoT devices and sensitive data. Its authorized access to the IoT data of U.S. consumers will only grow as Chinese IoT companies leverage their advantages in production and cost to gain market share in the United States.” That China is “still behind leading international levels in many IoT technologies” means American companies and the U.S. government “still have time to maintain a technological edge and influence future IoT development, standards, and roll-out,” said the report.