7 years, 7 months ago

China on rapid progress of robotization: study

A robotic arm at a store in Berlin, Aug 23, 2017. WASHINGTON - China bought 90,000 robots in 2016, accounting for almost a third of the global total, and the robot revolution may raise China's economic competitiveness, according to a report released this week by Bloomberg Intelligence. "China is installing more robots than any other nation, and that may affect every other nation," said the report. "Increasing use of robots should be bad news for medium-skilled workers, especially those in sectors where routine work means scope for automation," the report quoted BI economists Tom Orlik and Fielding Chen as saying. Wages of domestic manufacturing workers with a high-school education rose by 53 percent from 2010 to 2014, according to China Household Finance Survey data cited by BI.

China Daily

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