China’s Enthusiasm for Innovative Technologies Creating Oversupply Issues

Published by , June 26, 2017 12:39 pm

(Robots&AutomationNews)  Two years ago, the Chinese government a 10-year national plan to “transform China from a manufacturing giant into a world manufacturing power”. The government called for such things as greater effort to promote Chinese brands; the integration of more technology into manufacturing; more internationalised operations; and more environmentally-friendly manufacturing processes.
The government incentivised as many of these things as it could, and two years on, finds itself considering putting the brakes on some initiatives because there seem to be too many companies emerging in some sectors. For example, in the area of electric cars, China’s National Development and Reform Commission is discussing the possibility of suspending new permits because of concerns there may soon be too many electric vehicles.

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