Robots making great progress at World Robot Conference

By Target Language Translation Services | Updated: 2021-9-13 17:00

All sorts of robots have captured the spotlight in Beijing at the World Robot Conference, showcasing the latest achievements in the robotics industry.

Many newly developed robots made their debut at the conference, which runs from Sept 10 to 13 in the capital of China.

With the theme "Inject momentum and share results to build a win-win collaborative society", this year's event has attracted over 110 exhibitors from the globe bringing more than 500 new robotics products and solutions. Xin Guobin, vice-minister of the Ministry of Industry and Information Technology, made the remarks at the 2021 World Robot Conference on Saturday.

For eight consecutive years China has been the world's largest market, becoming an important force to support the development of the global robot industry, state broadcaster CCTV reported.

Statistics showed the size of the global robot sector increased to $30.6 billion in 2019 from $20.4 billion in 2016, with average annual growth rate of 14.5 percent. Since the COVID-19 outbreak, the role of service robots has expanded greatly.

Liang Jing, deputy secretary-general of the Chinese Institute of Electronics, said robots' application scenarios have transformed from traditional industrial manufacturing and family services to logistics, storage, community management, catering and entertainment.

During the first half of this year, thanks to supportive polices and the overall business environment, the robot industry witnessed rapid growth, bringing huge development space and opportunities for enterprises.

This year, China's robot industry is expected to see growth of more than 30 percent, said Hao Yucheng, deputy director of the China Robot Industry Alliance.

In economics, industry and society, China has a huge market. Thus, the capital market remains positive on the domestic robot sector, with more rational inflows, Hao added.

This article is reprinted from China Daily.

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