China's smart robotics sector has seen an unprecedented growth, expanding by 207 percent since 2020. With over 451,700 active enterprises, the industry is backed by a massive $900 billion in registered capital. These companies are heavily concentrated in research and development (R&D) and technology services, creating a formidable innovation powerhouse in the region.
A recent report by Morgan Stanley highlights China's leading position in the humanoid robotics field, projecting the global market for humanoid robots to reach an astonishing $60 trillion. This projection underscores the significant role China is playing in shaping the future of robotics and automation worldwide.
Liu Jiaxin from CGTN further elaborates on the sector's growth, emphasizing the strategic investments and technological advancements that are propelling China's robotics industry to the forefront of global innovation.
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China's booming robotics industry powers 451,700 enterprises
cgtn.com
