China lays out five-year plan to be global robotics hub

ZDNet 

China has unveiled a five-year plan to drive its ambition of becoming a global innovation hub for robotics by 2025. It hopes to get there by focusing on enhancements in key components such as servomotors and control panels. In releasing the five-year roadmap, China's Ministry of Industry and Information Technology on Tuesday said operating income from the country's robotics industry was projected to grow an average of 20% between 2021 and 2025. This sector expanded at an average annual growth rate of 15% between 2016 and 2020, with operating income passing 100 billion yuan ($15.69 billion) for the first time last year. An executive guide to the technology and market drivers behind the $135 billion robotics market.

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