Submission + - Western Executives Shaken After Visiting China (futurism.com)
As The Telegraph reports, the executives are warning that the countryâ(TM)s heavily automated manufacturing industry could quickly leave Western nations behind, especially when it comes to electric vehicles.
You get this sense of a change, where Chinaâ(TM)s competitiveness has gone from being about government subsidies and low wages to a tremendous number of highly skilled, educated engineers who are innovating like mad,â British energy supplier Octopus CEO Greg Jackson told the newspaper.
According to recent figures by the International Federation of Robotics, China has deployed orders of magnitude more industrial robots than Germany, the US, and the UK.