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Robot market slowdown short-term despite China-U.S. friction: NDRC

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2018-08-15 16:58:03Ecns.cn Editor : Mo Hong'e ECNS App Download
A robot production center in Changsha, Hunan Province. (File photo/China News Service)

A robot production center in Changsha, Hunan Province. (File photo/China News Service)

(ECNS) - U.S. tariffs on robots imported from China is not closely related to the sector’s recent slowdown, said Cong Liang, spokesman for the National Development and Reform Commission.

The Chinese robot market is still very large with big prospects and potential in all aspects, said Cong, adding the current slowdown in growth may be a short-term trend and needs further observation.

U.S. tariffs became effective in July so cause and effect between the recent decline in robot production growth and tariffs is not obvious, it was said.

Cong added China's robot market has developed rapidly in recent years as many domestic companies such as logistics enterprises shift to becoming intelligent and automated.

While trade frictions with the United States will have a negative impact on the Chinese economy, China will ensure that its annual growth target will be met, he confirmed.

  

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