China Is Executing To Plan: Foxconn Replaces 60,000 Workers With Robots

Last month we discussed the fact that officials had approved the latest Five Year Plan for China's economy. The ultimate goal of the plan is to overtake Germany, Japan, and the United States in terms of manufacturing sophistication by 2049, the 100th anniversary of the founding of the People's Republic of China. To make that happen, the government needs Chinese manufacturers to adopt robots by the millions. It also wants Chinese companies to start producing more of these robots,, and to enable that there is an initiative making billions of yuan available for manufacturers to upgrade to technologies including advanced machinery and robots. The manufacturing hub for the electronics industry, Kunshan, in Jiangsu province is proving that that initiative is well underway.