The volume of China's intellectual production market will exceed 220 billion yuan by 2020

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In 2017, China increased the production of industrial robots by 68% to 130 thousand units. This is a third of the global market for industrial robots. In 2016, the size of the Chinese market for intellectual production grew by 18.4% to 106 billion yuan. Intellectual production is concentrated in the four main regions of China. The state plan of the People's Republic of China “Made in China-2025” is aimed at achieving a high level of automation through the modernization of factories. China’s task is to become the world leader in the development of artificial intelligence by 2030. According to the Xinhua news agency, it is expected that by 2020 the volume of the domestic market of intellectual production in the PRC will grow to about 220 billion yuan.

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