Orders for Japanese industrial robots from Chinese manufacturers have slowed due to a fall in profits and the economic slowdown in China caused by its ongoing trade war with the US, the South China Morning Post has reported. The report said that orders were expected to drop as much as 20 percent this year compared to last year. However, exports to China fell by 28% YoY in Q2 2019, while robot manufacturer FANUC reported a fall in consolidated net income of 48% YoY for the quarter.
Orders for Japanese industrial robots from Chinese manufacturers have slowed due to a fall in profits and the economic slowdown in China caused by its ongoing trade war with the US, the South China Morning Post has reported. China imported more than 40% of Japanese industrial robot exports last year, according to the Mizuho Research Institute. However, exports to China fell by 28% YoY in Q2 2019, while robot manufacturer FANUC reported a fall in consolidated net income of 48% YoY for the quarter.