Not the start of the decline of globalisation – just of China's dominance
Determined to have his FDR moment, Joe Biden’s latest policy seems likely to have put ...
As China’s critical labour cost advantage continues to erode, Chinese manufacturers are increasingly turning to automation in a bid to remain competitive. Sales of industrial robots – mostly made in Europe – increased by 51% this year compared to last, totalling 22,500 units, making it the third largest buyer of automated manufacturing technology after Japan and South Korea. “Without this improvement in efficiency, I wouldn’t be able to survive at all,” says one factory owner.
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Alex Lennane
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