China has basically completed a draft development plan for the robot industry in the five years between 2016 and 2020, reported the Xinhua-run cnstock.com.
By 2020, annual sales of industrial robots in China are expected to reach 150,000 units, boosting the number of industrial robots in service across the country to some 800,000 units -- double the figure at the end of 2015. By 2025, annual sales of industrial robots are anticipated to reach 260,000 units, bringing the total number to 1.80 million units -- an increase of 1.4 million units from that at the end of 2015.
It is estimated that the output of China's robot industry will top 100 billion yuan by 2020, with an average annual growth of over 25 percent. Among China's A-share listed firms, Shanghai STEP Electric (002527.SZ), Harbin Boshi Automation (002698.SZ), Siasun Robot & Automation (300024.SZ), and Canny Elevator (002367.SZ) are engaged in robot manufacturing and therefore carry with them investment opportunities.