Robots will improve quality of life for us all: Tsinghua Holdings chief

Xu Jinghong, co-chair of Summer Davos in Dalian, insists robots taking over manufacturing jobs could lead to more enriched lives for people.

The chairman of Tsinghua Holdings, the technology investment arm of China's elite Beijing university, said it was important to combat fears that the so-called Fourth Industrial Revolution could lead to mass unemployment within a decade or more.

"The Fourth Industrial Revolution will eventually make people richer and when people become more affluent they have a greater need for culture and the arts," he said.