China’s Hunger for Robots Marks Significant Shift

By TIMOTHY AEPPEL and MARK MAGNIER for WSJ.com - Having devoured many of the world’s factory jobs, China is now handing them over to robots.

China already ranks as the world’s largest market for robotic machines. Sales last year grew 54% from a year earlier, and the boom shows every sign of increasing. China is projected to have more installed industrial robots than any other country by next year, according to the International Federation of Robotics.

China’s emergence as an automation hub contradicts many assumptions about robots and the global economy.

Economists often view automation as a way for advanced economies to keep industries that might otherwise move offshore, or even to win them back through reshoring, since the focus is on ways to reduce costly labor. That motivation hasn’t gone away. But increasingly, robots are taking over work in developing countries, reducing the potential job creation associated with building new factories in the frontier markets of Asia, Africa or Latin America.  Cont'd...

Comments (0)

This post does not have any comments. Be the first to leave a comment below.


Post A Comment

You must be logged in before you can post a comment. Login now.

Featured Product

EPC'S NEW 3D Configurator is more than just a fun tool

EPC'S NEW 3D Configurator is more than just a fun tool

EPC is excited to announce our NEW online 3D Configurator. This new tool makes it even easier to configure EPC's products exactly how you need them for your application. The 3D Configurator interface is intuitive and works in any web browser for both desktop and mobile. It'll only take you a moment to learn your way around the program. Careful, though: it's so fun to play with, you may spend a whole afternoon on it!