The Chinese robots are coming
Business & Technology
Top business and technology news for March 3, 2017. Part of the daily The China Project news roundup “Clickbait about China’s ‘parliament of billionaires’”
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China is rapidly making robots that will one day manufacture everything you buy / Quartz
The output growth of China’s industrial robots outperformed all other categories such as motor vehicles and mobile phones over the past year, reaching a total production amount of more than 72,000 units, an increase of 30.4 percent from 2015, according to an annual report released by China’s National Statistics Bureau. The government has been eager to push for more robots, driven by a shrinking of the number of working-age people last year and its efforts to bolster the tech sector in order to reduce its reliance on foreign companies. In a five-year plan announced last year, the government said it aims to increase its annual production of industrial robots to 100,000 by 2020.
- Xiaomi is about to be world’s number 1 wearable company / Technode
- China’s new watchdog to tackle shadow banking, property bubbles / Bloomberg
- JD.com to sell its stake in JD Finance for $2.1 billion to unnamed buyer / SCMP
- China is buying less of Hollywood, but more of everything else / CNBC
- Hollywood has appetite for China’s big bucks, but at what price? / Deadline Hollywood
