USEUROPEAFRICAASIA 中文双语Français
Business
Home / Business / Technology

China on rapid progress of robotization: study

Xinhua | Updated: 2017-08-24 09:15

China on rapid progress of robotization: study

A robotic arm at a store in Berlin, Aug 23, 2017. [Photo/VCG]

WASHINGTON - China bought 90,000 robots in 2016, accounting for almost a third of the global total, and the robot revolution may raise China's economic competitiveness, according to a report released this week by Bloomberg Intelligence.

"China is installing more robots than any other nation, and that may affect every other nation," said the report.

Installations of industrial robots in China are growing fast, making up about a third of the global total in 2016, and the number will nearly double to 160,000 in 2019, according to an estimation by International Federation of Robotics.

Due to its massive working population, China still lags behind regarding robot density. There are about 50 robots for every 10,000 workers in China, compared to the global average of about 75.

Automation is a sword cutting both ways. Robots may drive up productivity and economic competitiveness, but may also exacerbate income inequality.

"Increasing use of robots should be bad news for medium-skilled workers, especially those in sectors where routine work means scope for automation," the report quoted BI economists Tom Orlik and Fielding Chen as saying. "Yet wage growth in China remains rapid."

Wages of domestic manufacturing workers with a high-school education rose by 53 percent from 2010 to 2014, according to China Household Finance Survey data cited by BI.

Most Viewed in 24 Hours
BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US