Chinese city Shanghai is aiming to become a global center for robotics development and manufacturing by 2020, as part of a move to accelerate its industrial restructuring, according to China Daily.
“Speeding up the development of high-end technology and equipment such as industrial robots is a must,” said Wu Lei, vice-chairman of the Shanghai Municipal Commission of Economy and Informatization, at the 15th China International Industry Fair.
He noted the size of Shanghai’s robotics industry will reach 20 billion yuan (US$3.25 billion) in 2015, and reach 60 billion to 80 billion yuan in 2020.
Shanghai is China’s largest industrial cluster for robot manufacturers, and currently has a robotics industry worth nearly 10 billion yuan, according to the report. Industrial giant ABB Group has one of its two global manufacturing bases in Shanghai.
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