China eyes on boosting robotics industry
10 years, 4 months ago

China eyes on boosting robotics industry

China Daily  

BEIJING -- China will strive to make breakthroughs in key robotics technologies in order to be more competitive by 2020, Vice-Minister of Industry and Information Technology Su Bo said on Monday. "The ministry will map out a five-year plan for the industry in a bid to improve industrial standards, enhance capital input as well as step up policy support for the sector," said Su. A report by the International Federation of Robotics predicted that demand for industrial robots is rising 25 percent annually in China, where sales are expected to reach 100,000 units by 2017 and total industrial robots in the country will top 400,000 units by that time. A McKinsey report forecast that the application of advanced robots in manufacturing, medical care and service sectors could create a maximum value worth $4.5 trillion by 2025.

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