Li Yuanchao, the Vice President of the People's Republic of China, said he hopes to see more international cooperation in the field of robotics, in a speech at the annual World Robot Conference. Currently, China has one of the largest industrial robotic markets, but it falls behind in terms of research and development of new technologies. The United States is also looking for ways to improve its robotics capabilities. Li explained "countries should open up markets and share robotic technology for mutual benefit" and he welcomed robot experts and entrepreneurs to share their expertise and to co-operate with China.
Li Yuanchao, the Vice President of the People's Republic of China, said he hopes to see more international cooperation in the field of robotics, in a speech at the annual World Robot Conference. Currently, China has one of the largest industrial robotic markets, but it falls behind in terms of research and development of new technologies. According to the International Federation of Robotics, China purchased 57,000 industrial robots last year, an increase of 55% from the previous year, making up a quarter of global sales. Li explained "countries should open up markets and share robotic technology for mutual benefit" and he welcomed robot experts and entrepreneurs to share their expertise and to co-operate with China.