The Business Times
SUBSCRIBERS

China's robotics rush shows how its debt can get out of control

Dozens of cities plan robotics parks, even as the industry is already showing warning signs of overcapacity

Published Wed, Aug 3, 2016 · 09:50 PM

Wuhu

DOWN a side street bracketed by massage parlours and cheap hotels in this city on the banks of the Yangtze river, a humanoid food service robot trundles around the corner of a table in a cafe, red eyes flashing in tune with synthesised classical music.

The Wuhu Hands On Café's waiter, named "Hero", has no customers on a drizzly Friday morning. He is, though, a symbol of Wuhu city's hopes of becoming a major centre for robotics, and the local government's ability to chase that dream through the debt markets, whether it makes commercial sense or not.

"Hero" was the result of six months research at a nearby robotics park that has cost 2.2 billion yuan (S$445 million) to establish. For the park's next stage, including a hotel, an exhibition centre and a cultural plaza, Wuhu is raising ano…

KEYWORDS IN THIS ARTICLE

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to  t.me/BizTimes

Technology

SUPPORT SOUTH-EAST ASIA'S LEADING FINANCIAL DAILY

Get the latest coverage and full access to all BT premium content.

SUBSCRIBE NOW

Browse corporate subscription here