China Lays Out Path To Become Robotics Powerhouse by 2025 (nikkei.com) 22
China will work to become a leading global player in robotics by 2025 under a five-year plan announced Tuesday as it ramps up efforts to build a high-tech manufacturing sector resilient to American sanctions. From a report: Coming amid what is expected to be a drawn-out rivalry with the U.S., the plan seeks to help Chinese technology companies compete on the world stage. It was compiled by the Ministry of Industry and Information Technology and other agencies. The plan targets revenue growth of more than 20% per year for the Chinese robotics industry. Despite reaching the 100 billion yuan ($15.7 billion) mark in 2020, the industry still lags in foundational technologies and manufacturing advanced robots. The government wants to improve the industry's ability to innovate. China will support restructuring efforts and mergers, particularly among large corporations, to create more competitive players. It will also provide financial assistance and strengthen cooperation between industry, academia and government to develop more advanced materials and core components. The plan promotes the diversification of supply chains, which has emerged as a top priority for economic security amid the Sino-American rivalry.
We should aim to prevent China (Score:5, Insightful)
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That would require the cooperation of short-sighted corporate nitwits who would gladly use slavery if given the chance. Alternatively, that would require the short-sighted political puppets to revolt against their corporate puppeteers.
Re:We should aim to prevent China (Score:5, Insightful)
you're about a decade late but don't let that disturb you.
it's funny how north americans are the only people in the world who never understood, not even after flood levels of ink shed about it, what the trump phenomenon actually meant and displayed in huge, flickering neon letters: decadence.
well, welcome to "the rest of the world".
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As long as that's by competing.
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No.
Our failure is in focusing on preventing others from accomplishing things. Instead we need to focus on accomplishing more than they do.
Focus on growth, vs on holding back others.
They're well on their way (Score:1)
With all the money in the self-driving sector, I don't
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Betrayed By Capitalism (Score:5, Insightful)
Re: Betrayed By Capitalism (Score:2)
So... old thing I moved to China huh?
I for one welcome our new robotic Chinese overlords.
Re: Betrayed By Capitalism (Score:2)
... good thing... fucking Chinese phone auto correct...
Re:Betrayed By Capitalism (Score:5, Interesting)
The cheap Chinese labor bonanza is over. Chinese labor is not the bargain it used to be, and businesses -- even Chinese businesses -- are looking to move manufacturing to places with cheaper labor, like Vietnam, India, and Mexico. Some Chinese businesses are even looking at offshoring to cheap labor US states, where the relative lack of corruption and favoritism offer huge advantages. A Chinese business operating in the US can expect to be treated completely equally to locally owned businesses under the law, which is something you don't often get in low-wage countries.
Of course Chinese businesses might be less inclined to look outside of China if there was a pro-business climate in China, but the pendulum has swung -- and continues to swing -- away from the pro-business Shanghai faction of the Party towards Xi's more Maoist party faction. Some of the things Xi's faction are doing actually make sense, but he's doing them with dangerous indifference to their immediate economic impacts. China has one of the highest savings rate in the world, roughly 45% of GDP, but 75% of that is invested in a real estate market where projects are often never completed so that new projects to sell to new investors can be started. For years nearly 1/3 of China's immense economic output has been pumped into a potentially world-shaking real estate bubble, and this *should* have been stopped years ago. A rational leadership would be looking to engineer a gentle deflating of the bubble, but Xi appears determined to pop the bubble, immediate consequences be damned.
This isn't an isolated example of consequence-blindness. In an Old-Lady-Who-Swallowed-the-Fly scenario, the government curbed Australian coal imports because of Australian comments mildly critical of its handling of COVID, then had to impose price controls on coal-generated electricity. That resulted in rolling blackouts just as China was trying to export its way out of a COVID-driven economic slowdown. More recently they've shut down steel production near Winter Olympic venues, with potentially disastrous effects on Chinese and global supply chains in the upcoming months. China is a terrible place to do business right now.
China certainly has the human talent and ingenuity to become a powerhouse in anything. If it were governed even moderately competently, it would inevitably become a world leader in any number of fields without even trying. If its immense savings were invested in innovation businesses rather than culturally-perceived-as-safe real estate, the transformation would be staggering. But you can't trust your savings to businesses in China because either those businesses are buddy-buddy with corrupt officials or they're the target of corrupt officials.
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How can central China have such great infrastructure but produce so little economically?
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Whether China's infrastructure is actually better than American infrastructure is questionable. While much of US infrastructure is in alarming disrepair, much of China's unquestionably newer infrastructure is substandardard "tofu-dreg" construction. Structural failures happen more than they should in the US, but are alarmingly common in China.
China's show infrastructure projects exist for political value and often have limited value. The Hong Kong–Zhuhai–Macau Bridge/Tunnel system cost $19 bil
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China has much lower wealth disparity than the USA. Also, an actual healthcare system (as opposed to the “wealthcare” system the USA has).
I’m not a fan of planned economies, but the American system of anything for short term profit, and if in doubt, sue - certainly isn’t very efficient. Wonderful stuff has appeared, but the lot of the common man has not improved much (real wages haven’t moved in decades).
It’ll be interesting to see this play out. The ussr eventually colla
How to sustain growth (Score:1)
The price of success ? (Score:2)
Ask Jack Ma what happens to successful business people who become too influential in China. The government giveth and the government taketh away. Innovators beware . . . and consider coming to America- we have cookies !
I believe them (Score:2)
I believe them, and I think they'll do it. Ethics, morality, legality aside... that sort of dedication to a declared purpose gets things done.
I don't believe the long term technical future is centered in North America. We had a good run.