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Feb 4, 2017

China’s Manufacturing cost advantage is eroding so China will spend trillions for automation, robotics, 3D manufacturing and research

Posted by in categories: business, employment, robotics/AI

While the USA has been extremely concerned about losing jobs (particularly manufacturing jobs to China), China performed a survey of businesses in the American Chamber of Commerce in Beijing and found that 25% had moved or were planning to move their businesses out of China. Half were going to other Asian countries and 40% to America, Canada or Mexico.

China’s worker wages are rising about 7–8% each year and they have a shrinking working age population as the people age.

China is making big moves in automation and large scale deployment of robotics. In 2014, President Xi Jinping talked about a robotics revolution. China has been the number one buyer of industrial robots since 2013. However, China lags other nations in terms of robots per worker.

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