China warns of bubble risk in humanoid robot sector
The government is also looking to promote technology sharing and industry consolidation to support real-world applications of humanoid robots.
A spokesman for China’s top economic planner said Thursday that Chinese humanoid robot companies should prevent highly repetitive products from entering the market, warning that the booming sector is at risk of a bubble.
Speaking at a briefing in Beijing, National Development and Reform Commission (NDRC) spokesperson Li Chao said “Frontier industries have long grappled with the challenge of balancing the speed of growth against the risk of bubbles – an issue now confronting the humanoid robot sector as well.”
Li said that with the country having more than 150 companies developing humanoid robots (and the number is growing), there is a need to prevent an influx of “very similar” products that would create a market surplus and free up space for research and development.
“The NDRC is working with relevant departments to strengthen policy support, accelerate technological breakthroughs and promote the application of research results,” – Li said. She added that the commission will work to set industry standards and evaluation systems, while improving the sector’s entry and exit mechanisms to promote a fair competitive market environment.
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