China Has World's Largest Robotics Market but it Has No Core Technology

China is the world's largest production base and consumer market in the field of industrial robots, but it has almost no pricing rights. The reason is that its key technologies are in the hands of other countries. At the end of 2021, the Ministry of Industry and Information Technology of China said that China has been the world's largest consumer of industrial robots for the last eight consecutive years. The density of robots in manufacturing reached 246 per 10,000 people in 2020. That is nearly twice the global average. To carry out each motion a robot makes, it needs a…