China to seek 50% gain in mar­ket share for ro­bots

China Daily (Canada) - - NEWS CAPSULE -

China is close to com­plet­ing a five-year de­vel­op­ment plan for its robot in­dus­try, mul­ti­ple sources said.

An ex­pert who par­tic­i­pated in draw­ing up the plan said a com­mit­tee ad­vis­ing on the ro­bot­ics el­e­ment of the coun­try’s “Made in China 2025” strat­egy is “al­most ready” to sub­mit its draft to the cen­tral gov­ern­ment for fi­nal ap­proval. Made in China 2025 is an at­tempt to trans­form the coun­try from the big­gest man­u­fac­tur­ing power into one of the world’s strong­est mod­ern tech­nol­ogy-driven economies.

The doc­u­ment mapped out a longer 10-year growth route for the ro­bot­ics in­dus­try, by which time China is ex­pected to have more than 70 per­cent of the global mar­ket.

Luo Jun, ex­ec­u­tive pres­i­dent of the In­ter­na­tional Ro­bot­ics and In­tel­li­gent Equip­ment In­dus­try Al­liance, how­ever said do­mes­tic play­ers cur­rently hold about 20 per­cent of the mar­ket share, making the 50 per­cent tar­get “very dif­fi­cult to ac­com­plish”.

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