Caixin Global – Latest China News & Headlines

Home >


CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

Singapore-Based E-Commerce Aggregator Una Brands Raises $40 Million for Asia-Pacific Acquisitions
Video Streamer iQiyi Apologizes for Milk Gimmick Gone Sour
Singaporean Ride-Hailing Firm Grab to Launch New Services for Premium Passengers, Pet Owners
TikTok Retains Crown as World’s Top Non-Game App Despite 50% Drop in Downloads
Tencent Reportedly Negotiating Risk-Mitigation Measures to Retain U.S. Gaming Investments
Foxconn to Set Up Chipmaking Joint Venture with Yageo
Excluding Chinese Vendors from Indian 5G Trials Will Hold Back Development, Diplomat Says
Alibaba-Backed MYBank Eyes Deeper Penetration Into Under-Banked Rural China
Vivo and Oppo Claim Top Two Spots in China Smartphone Market as Huawei Falls
U.S. Urges TSMC to Prioritize Supplies to American Carmakers Grappling with Global Chip Shortage
Indonesian Ride-Hailing Unicorn Gojek Aims to Go All Electric by 2030
Tencent-Backed Insurtech Firm Waterdrop Aims to Raise up to $360 Million in U.S. IPO
Which Money-Losing Electric-Car Makers Have Tied Up With Huawei?
Video Platform Bilibili to Buy Stake in Mobile-Game Maker CMGE to Boost Content
Baidu to Roll Out Driverless Robotaxis in Beijing in May
Tesla Challenger Nio Shrinks Losses as Sales Surge
Trending in China: A Beijing Bureaucrat Worked as Delivery Driver for a Day and Earned Just $6
Fjord Focus: Why Are Chinese Electric-Car Makers Flocking to Norway?
Alibaba Has Big Plans for Taobao’s Livestreaming Hawking Business
Xiaomi Extends Reign as India’s Smartphone King Despite Slipping Market Share
China’s Slowing Industrial-Robot Sector to See ‘Significant’ Change, Official Warns

By Luo Guoping, Hu Xuefei and Zhao Runhua / Aug 22, 2019 04:36 PM / Business & Tech

Photo: IC Photo

Photo: IC Photo

As growth slows in China’s industrial robot sector, a senior official has warned of “significant industrial changes.”

Xin Guobin, deputy head of the Ministry of Industry and Information Technology (MIIT), made the comments Wednesday during this year’s World Robot Conference, which is currently being held in Beijing.

Xin said that the global trade environment, fears of a downtown in the world economy, and the poor performance of China’s automakers — which use many of the country’s industrial robots — had led to predictions of lower growth and further industry reshuffles. He did not provide specific industry data.

China’s industrial robot companies are still in the “discovery stage,” where risks and uncertainties in the sector prevail, Xin added.

His bleak assessment was echoed by Qu Daokui, an executive at China’s leading robotics company Siasun Robot & Automation, which is affiliated to the Chinese Academy of Sciences. After China’s industrial robot market saw purchases dip for the first time last year, many companies went bankrupt, transforming the sector into a “mess,” Qu said, adding that the industry must now focus on quality over quantity.

Despite the doom and gloom, China’s overall robot industry still has strong growth potential, according to the latest report by the Chinese Institute of Electronics. During the first six months of 2019, the industry recorded total revenue of $4.25 billion, a number that is predicted to grow to $8.68 billion by the end of the year. Industrial robots will still be the driving force of the sector, with an expected contribution of $5.73 billion, said the report.

Contact reporter Zhao Runhua (

Share this article
Open WeChat and scan the QR code