Many enterprises in Kunshan installing robots
September 28, 2015 Category Macro-economy, Weekly
A total of 600 major industrial enterprises in Kunshan, Jiangsu province – one of China’s largest manufacturing hubs for the electronics industry – are going to replace human labor with robots within the next five years. The value of the city’s automation and robotics market is expected to reach CNY80 billion by 2020. The city’s government is handing out CNY2 billion in annual subsidies to support local manufacturers who install robots on assembly lines. There are about 80 robot-manufacturing companies in operation in Kunshan, with an output value of more than CNY300 billion annually. The authorities’ ambitious plans for automating the electronics hub have stemmed from concerns over Kunshan’s recent economic slowdown. Kunshan has the highest GDP of all county-level cities in China, but it dropped 1.8% last year. Automation is hoped to help increase the city’s GDP by about five percentage points over the next five years. In Guangdong province competition among robot making companies is rising, as many have been forced to engage in a price war, the South China Morning Post reports.
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