China has glorious five year robotics plan
Pushed forward due to US hate
China will work to become a leading global player in robotics by 2025 under a glorious five-year plan to build a high-tech manufacturing sector resilient to American sanctions.
The plan seeks to help Chinese technology companies compete on the world stage. It was compiled by the Ministry of Industry and Information Technology and other agencies.
The plan targets revenue growth of more than 20 per cent annually for the Chinese robotics industry.
The industry reached $15.7 billion mark in 2020 but lags in foundational technologies and manufacturing advanced robots.
The government wants to improve the industry's ability to innovate. China will support restructuring efforts and mergers, particularly among large corporations, to create more competitive players. It will also provide financial assistance and strengthen cooperation between industry, academia, and government to develop more advanced materials and core components.
The plan promotes the diversification of supply chains, which has emerged as a top priority for economic security with the US being so nasty.
No comments:
Post a Comment