China to roll out policies to support robotic and intelligent equipment manufacturing in H1 2015.docVIP

China to roll out policies to support robotic and intelligent equipment manufacturing in H1 2015 China to roll out policies to support robotic and intelligent equipment manufacturing in H1 2015 China’s State Council will roll out policies to support robotic and intelligent equipment manufacturing in the first half of 2015， according to a statement made by Luo Jun， secretary-general of the International Robotics and Intelligent Equipment Industry Alliance and CEO of the Asian Manufacturing Association（AMA） on Dec. 19th. The statement was made at the 2014 World Robotics and Intelligent Equipment Industry Conference Exhibition held from Dec. 19th to Dec. 22nd in Chengdu City， the capital of China’s Sichuan Province. Luo said that China’s Ministry of Industry and Information Technology（MIIT） and the Ministry of Science and Technology （MST） would pour billions of yuan into the sector. China’s domestic robotics market is dominated by foreign firms， and domes- tic manufacturing companies account for less than 20% of the market share currently， mainly due to high costs， according to Luo. An industrial robot can complete 3.6 people’s work， but it costs five to ten times more. Luo predicted that domestic robotic manufacturing companies’ market share will rise to over 50 percent in the next three to five years with the country pushing for a shift from traditional manufacturing into industrial automation. China’s robotics sector has just taken off and will see a remarkable growth in next three decades with more roboticfriendly policies. Chinese public departments’ net assets top 100 trln yuan in 2013 According to the latest research released by the finance research institute under the People’s Bank of China（PBOC） on Dec. 20th， 2014， the total net assets of Chinese public departments exceeded 100 trillion yuan in 2013， or roughly 180% of the country’s gross domestic product （GDP） in that year. According to data， Chinese public departments’ net assets， including net assets of th