China’s Smart Robot Industry Sees Significant Growth in 2024

Beijing: By the end of 2024, the number of enterprises in the smart robot industry in China has reached 451,700, with a total registered capital of 6.44 trillion yuan (about 880 billion U.S. dollars), according to the State Administration for Market Regulation.According to Bahrain News Agency, the number of such enterprises grew by 19.39 percent compared to the end of 2023, demonstrating a steady upward trend in the industry's development in China, Xinhua News Agency reported.Nearly 80 percent of these enterprises were concentrated in three sectors, namely scientific research and technical services; information transmission, software, and information technology services; and wholesale and retail, the administration said.The eastern region of the country, with its distinct geographical advantages, robust research and development strength, and well-established industrial ecosystem, has become a hub hosting about two-thirds of smart robot industry enterprises in China.The number of such enterprises in Ch ina's central and northwestern regions accounts for 15.33 percent and 14.97 percent of the total, respectively.