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China's portion of worldwide manufacturing is set to increase to 16.5% by 2030 from the existing 15%, according to a team of Asian economists at an investment bank, directed by Chetan Ahya.
Ahya notes that China has prior experience in identifying highly promising growth regions early and in future planning, referencing electric vehicle and battery producers as examples. The robotics sector is taking a comparable route.
In recent years, robotics has transitioned from laboratories to everyday environments, and according to Bloomberg, China is establishing a supply chain for humanoid robots, similar to its approach with electric vehicles.
Humanoid robots are currently being utilized in technology parks, factories, and universities across China. Morgan Stanley also highlights enhanced government purchasing, which opens up possibilities for even wider uses.
source: bloomberg.com
Ahya notes that China has prior experience in identifying highly promising growth regions early and in future planning, referencing electric vehicle and battery producers as examples. The robotics sector is taking a comparable route.
In recent years, robotics has transitioned from laboratories to everyday environments, and according to Bloomberg, China is establishing a supply chain for humanoid robots, similar to its approach with electric vehicles.
Humanoid robots are currently being utilized in technology parks, factories, and universities across China. Morgan Stanley also highlights enhanced government purchasing, which opens up possibilities for even wider uses.
source: bloomberg.com
