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 Q2 2019, according to the Mizuho Research Institute. However, exports to China fell by 28% YoY in last year, 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.