China Lays Out Five Year Plan To Be Global Robotics Hub
In releasing the five-year roadmap, China’s Ministry of Industry and Information Technology on Tuesday said operating income from the country’s robotics industry was projected to grow an average of 20% between 2021 and 2025. This sector expanded at an average annual growth rate of 15% between 2016 and 2020, with operating income passing 100 billion yuan ($15.69 billion) for the first time last year. China’s manufacturing robot density last year clocked at 246 units per 10,000 people, which was almost double the global average, according to the ministry....