By 2025, machinery and robotics are set to replace nearly 5 per cent of China’s workforce, leading to the disappearance of certain jobs and more pressure on the job market, according to an industry report released this week.
As a result, about 40 per cent of China’s manufacturing workforce could be “potentially affected” by the use of robots, putting further strain on the job market on the world’s most populous country, according to the report. The country aims to make it into the world’s top 10 most intensively automated nations by 2020, with a target of 150 robot units per 10,000 employees. According to an IDC report, the country’s annual spending on robotics is likely to exceed US$59 billion by next year.
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