Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 58 , 20 November 2023


Open Access | Article

A Study on the Impact of Industrial Robot Development on the Economy – A Case Study of China

Zhenxiang Zhou * 1
1 University of Alberta

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 58, 121-128
Published 20 November 2023. © 20 November 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Zhenxiang Zhou. A Study on the Impact of Industrial Robot Development on the Economy – A Case Study of China. AEMPS (2023) Vol. 58: 121-128.

Abstract

The impact of industrial robot development on the economy has long been a subject of keen interest. This research aims to explore the role of industrial robots in the Chinese economy and the factors influencing their impact. This is achieved through an analysis of the scale of the industrial robot market, its applications, the localization process, and its effects on employment and production efficiency. In the course of this study, we review the rapid growth of the Chinese manufacturing sector and the increasing adoption of industrial robots. With technological advancements, industrial robots have achieved significant milestones in fields such as automobile manufacturing and electronics production. Subsequently, this paper delves into the repercussions of industrial robots on the Chinese economy. Data indicates that the widespread use of industrial robots has significantly enhanced production efficiency, lowered production costs, and improved product quality. Furthermore, the paper scrutinizes the progress of domestication in the industrial robot sector, highlighting China's positive strides in enhancing its capacity for independent research and development, as well as manufacturing. Consequently, the rapid development of industrial robots has exerted a multifaceted impact on the Chinese economy, fostering both production efficiency and industrial upgrading, while also giving rise to a series of employment and societal issues. In the future, China should continue to intensify its efforts in technological innovation and talent development to better address the challenges and opportunities arising from the development of industrial robots, thereby promoting sustained and healthy economic growth.

Keywords

industrial robots, economic development, industrialization, factory efficiency

References

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3. Zhou, Y., Tian, S., Shao, S., Xu, H., & Tian, C. (2017). Developing Cold Chain Equipment Technology to Promote Cold Chain Logistics as a New Economic Growth Point. Refrigeration Technology, 40(1), 4.

4. Gao, H. (2017). Research on the Impact of Industrial Robots on the Automobile Industry. Inner Mongolia Coal Economy, 8(2).

5. Yang, G. (2020). The Industrial Robot Industry from the Perspective of Global Economic Growth. China Strategic Emerging Industries, 000(016), 67-68.

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Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-207-7
ISBN (Online)
978-1-83558-208-4
Published Date
20 November 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
Copyright
20 November 2023
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated