Worry about Overinvestment in China's Robot Industry

According to the Ministry of Industry and Information Technology, on June 16th, in order to implement the "Robot (25.100, -0.39, -1.53%) Industrial Development Plan (2016-2020)" important task of accelerating the development of leading enterprises, the backbone enterprises of the domestic robotics industry voluntarily The inaugural China Robot Top 10 Summit was held in Shenyang, Liaoning Province.

Xin Guobin, Deputy Minister of Industry and Information Technology, delivered a speech at the conference, congratulated the establishment of the Chinese robot TOP10 Summit, placed hopes on TOP10 companies, and made four suggestions for the development of China’s robot industry: First, not only to go Fast, but also go further. At present, China's robotics industry has emerged a trend of "low end of high-end industries," and there are hidden concerns of overinvestment. Robot companies should avoid blind expansion and low-level redundant construction. The second is to look not only at the feet but also at distant places. Enterprises must have a long-term perspective, seize the weak links in the industry, see the future development trends, identify their own market positioning, perseverance, and long-term work. The third is not only to go on their own but also to go side by side. We must pay attention to the cooperation between enterprises, achieve mutual complementarities and win-win cooperation. At the same time, we must pay attention to the integration of robotics and other technological fields. The fourth is not only to go on their own but also to use their power. To make full use of the power of capital and talent to achieve enterprise development, entrepreneurs should also have an international perspective and be good at using and integrating global resources.

At the meeting, Shenyang Xinsong Robot Automation Co., Ltd., Harbin Boss Automation Co., Ltd., Nannbo (Tianjin) Technology Co., Ltd., Anhui Eft Intelligent Equipment Co., Ltd., and Nanjing Eston (32.910, 0.16, 0.49% ) Automation Co., Ltd., Guangzhou CNC Equipment Co., Ltd., Jiangsu Huibo Robot Technology Co., Ltd., Beijing Kangli You Blue Robot Technology Co., Ltd., Guangzhou Qifan Industrial Robot Co., Ltd., Beijing Tianzhihang Medical Technology Co., Ltd., etc. Corporate representatives issued joint declarations: Open and realistic, innovate and collaborate, strengthen self-discipline in the industry, promote fair competition, strengthen industrial innovation, improve product quality, foster industrial chains, promote demonstration applications, and build world-class robot companies.