International Federation of Robotics press room reports that China’s National Development and Reform Commission has launched a state-backed fund to invest in robotics, AI, and innovation, targeting 1 trillion yuan (US$138 billion) over 20 years. This supports China’s growing dominance in industrial robotics, now accounting for over half of global demand. Local manufacturers have expanded their market share, particularly in electronics and metal industries. They write:
This initiative aims to continue China’s technology-driven success story in manufacturing: In ten years, the country’s global share of industrial robot installations has risen from around one-fifth to more than half of the world’s total demand. […]
“China has demonstrated how to leverage huge economies of scale,” says Dr. Dietmar Ley, Chairman of VDMA Robotics + Automation. “Massive investments are being made in humanoid robots, not only in China, where there is a national strategy for humanoids, but also in the US, where significant venture capital is driving innovation. Europe must not lag behind in this critical area. […]
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