China looks to dominate industrial robot production

China continues to dominate the global industrial robotics market, accounting for over half of worldwide installations in 2022. At the recent World Robot Conference in Beijing, numerous Chinese companies showcased advanced humanoid robots for industrial use. China’s success in this sector is attributed to government support, competitive pricing, and a robust supply chain. President Xi Jinping’s “new productive forces” policy backs the industry, with major cities like Beijing and Shanghai establishing billion-dollar funds for robotics development. The sector also benefits from China’s existing EV supply chain. Reuters