4 Chinese Industrial Robot Stocks to Invest In
China has recently surpassed the US to become the world leader in GDP counted in Purchasing Power Parity (PPP) exchange rates, surpassing both the United States and the European Union. If you’ve forgotten about what PPP is from your college econ classes, it’s a hypothetical rate used to calculate GDP which simply puts everyone on the same playing field. In other words, if both China and the USA produce 10 widgets, they would count as the same output, even if China was able to produce them cheaper. The fact that the Chinese are becoming leaders in almost everything they put their minds to doesn’t come as a surprise given they’ve adopted the complex strategy of working harder – and spending less time on Twitter being outraged about everything.
We’ve talked before about 10 Ways in Which China is Kicking America’s Ass in Tech, and robotics promises to be the 11th one. It’s the cornerstone of the Made in China 2025 government initiative, which aims to upgrade China’s production technology with automation in order to steer Chinese industries away from producing quantity towards producing quality. Robot installations in China (90,000 installations in 2016) make up about a third of the global total.
