China’s Manufacturing Resilience: Insights from Industrial Robots and AI
Many analysts would appear to be in a hurry to write off China as the world’s leading manufacturing powerhouse, based on the US desire to diversify supply chains away from China or, at least, adopt a China plus One strategy, the onset of population decline in China, the sharp rises in Chinese wages and the troubles that have, of late, pulled down China’s growth rate. It would be wise to hasten slowly, going by insights from the International Federation of Robotics’ World Robotics Report 2023, particularly, its volume devoted to industrial robots, and the global trend of arming robots with artificial intelligence of assorted kinds.
