China pushes hi-tech factories to reassert manufacturing dominance and avoid the ‘middle income trap’

Source: Tech – South China Morning PostAt a factory in China’s north, workers are busy testing an automated vehicle designed to move bulky items around industrial spaces, one of a new generation of robots Beijing wants to shift the country’s manufacturing up the value chain.The robot’s Tianjin-based maker has received tax breaks and government-guaranteed loans to build products that modernise China’s vast factory sector and advance its technological expertise.“The government is paying great attention to the manufacturing sector and…Read More

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