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China's Rise in Robotics Automation: A Threat to Global Economy
Automation driven by intelligent robots is set to lead to a significant increase in production capacity across various industries, with China being the only nation positioned to reach a high level of automation, as stated in a recent report by the US-based independent research firm SemiAnalysis. The report highlighted that China's efforts in robotics localization are progressing rapidly. It noted that Chinese manufacturers are nearing a 50 percent share in the globe's largest robotics market, an increase from 30 percent in 2020. While Chinese manufacturers currently match Western companies in the low-end market, the supply chain analysis suggests that local firms are starting to dominate higher-end market segments. The report warns that if China achieves full-scale automation independently of the US, it could represent "an existential threat" to the world's largest economy.
Such a situation would allow China to experience a "massive expansion in production capacities across various industries, bolstered by intelligent robotics systems. "
Brief news summary
According to a report from US-based SemiAnalysis, intelligent robot automation is set to significantly enhance production capabilities across various industries, with China uniquely positioned to achieve high levels of automation. The report highlights that Chinese manufacturers are nearing a 50 percent share of the global robotics market, rising from 30 percent in 2020. It notes that while local firms are currently competitive with Western companies in the low-end market, they are increasingly dominating high-end market segments. The report warns that if China successfully implements full-scale automation without similar advancements in the US, it could pose a substantial threat to the US economy. Such a development would enable China to greatly expand its production capacities across multiple sectors, driven by advanced robotics systems, potentially reshaping global industrial dynamics and economic power.
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