This week, Chinese officials unveiled a comprehensive government plan aimed at supporting the development of humanoid robots in the country. The scheme provides financial support to new Chinese companies specializing in robotics and related industries.

How will China achieve the goal?

The government plans to encourage these domestic enterprises to make significant advances in sensor technology, motion control and human-machine interaction over the next two years. Additionally, officials emphasize that: The importance of incorporating artificial intelligence into this field and advancing the development of more capable robotic manipulators that resemble human arms and legs.

China aims to have domestic robots that can learn, think logically and have independent development ability by 2027. The government is also keen to promote sustainable supply chains that will support the growth of the robotics industry. The move is in line with the broader goal of preventing China from falling behind global rivals in this area.

The news had a positive impact on the stock market, with shares of some Chinese robotics manufacturers rising 10% after publication. China’s efforts to invest in and promote the robotics industry underscore the country’s desire to remain at the forefront of technological innovation in an increasingly competitive global market.