RETRACTED ARTICLE: Research on application of the Internet of things technology in financial leasing of intelligent manufacturing enterprises

In 2015, the State Council issued “Made in China 2025,” stating that the deep integration of information technology and manufacturing should be accelerated, and intelligent manufacturing should be the main direction of integration. In this context, China’s manufacturing-led cities have implemented the “machine substitution” program to upgrade traditional machinery and equipment to intelligent machinery and equipment, which has led to the development of traditional financial leasing models in China, such as capital. Constraints, financing channel constraints, risk constraints, and information constraints have severely constrained the advancement of the intelligent manufacturing process. In this context, the paper discusses the use of the Internet of things as a technical means to help the existing smart manufacturing enterprises to access the financing channels and open up new financing channels.