ๅ้นค๏ผไธญๅฝๅฐๅจๅผๆพ็ฏๅขไธๆจๅจๆบๅจไบบไบงไธๅๅฑ โ Caixin
What happened: Liu He, Vice Prime Minister of China, gave a keynote speech during the countryโs World Robot Conference. He said China welcomes international investment and cooperation in the countryโs huge robotics industry, and that the country will foster the development of the industry in an open environment. Liu said a growing aging population and tech marketโs demands call for more robotics innovation supply.
Why itโs important: Liu has released some vague but interesting signals here. His words seem like an acknowledgment of Chinaโs current behind-the-leader position in world robotics industry, and a tacit response to trade tension, during which the US frequently criticizes the countryโs protectionist stance. Meanwhile, apart from tech and industrial demands, Liu mentioned the ageing population and a market targeting the elderly. Roboticsโ application in the market will increase service efficiency, and will be an alternative labor supply to the countryโs declining population growth.
