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China announces 5-year plan to become world center of robotics innovation

Category : Science and Tech
Published on: January 08 2022 Share on facebook

  • China has announced a five-year roadmap to achieve its goal of becoming a global robotics innovation hub by the year 2025. 
  • China’s Ministry of Industry and Information Technology revealed operating income from the country’s robotics industry is expected to grow by around 20% per year between 2021 and 2025. 
  • From 2016 to 2020, the sector expanded at an average growth rate of 15%. Last year, operating income surpassed 100 billion yuan ($15.69 billion) for the first time.
  • To achieve its goal by 2025 of becoming a worldwide robotics innovation centre, China has proposed a strategy concentrating on improvements to essential components such as servo motors and control panels. 
  • As per the 2021 World Robot Report, South Korea, Singapore, and Japan were the top three most automated countries in Asia-Pacific.
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