By Martin Gøttske
China installed 90,000 robots in 2016, which is 1/3 of the world’s total – and a 30 per cent increase over 2015. The fast pace has been set since president Xi Jinping called for “a robot revolution”. More than 1,000 firms have emerged in the field of robotics and the government – which offers subsidies, low-interest loans and tax waivers to robot makers and companies that automate – wants to increase the share of in-country-produced robots to more than 50 per cent by 2020; up from 31 per cent last year.
China has set goals to be able to make 150,000 industrial robots in 2020; and 400,000 by 2030. If achieved, the plan should help generate 88 billion USD over the next decade.
The Robot Report: