“However, the latest blueprint has the potential to help #China become the factory floor of the future, with uber-efficient and precise machinery, at a time when the U.S.’s biggest hurdle to competitiveness is just that.” google.com.tw/amp/s/m.econom…
State planners released a five-year smart manufacturing development plan in late December that shows #China will now focus on building and owning industrial robots, as well as upgrading equipment and processes used in the manufacturing sector.
With global supply chains in a state of disarray, #China’s intent to upgrade its vast industrial production sector and the ecosystem around it to bolster its role as the world’s supplier is shrewd and prescient: Beijing will do better what it already does well.
“In addition, Beijing intends to create small and medium companies that are focused on very specific sectors — what it calls “little giants” — that are globally competitive and essential to industrial technology.”
“China’s Ministry of Industry and Information Technology called for improvements in areas like high-precision speed reducers, servo systems, robot controllers and integrated intelligent joints, according to analysts from Daiwa Capital Markets Hong Kong Ltd.”
“Still, just because there’s a plan doesn’t mean it’s a sure-shot. Companies like Estun Automation Co., China’s largest industrial robot manufacturer, have grown through acquisition of foreign companies rather than with leaps in technology.”
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