DALIAN, China -- Industrial robot makers in China are moving aggressively to acquire more established foreign players, emboldened by generous government assistance to expand their footprint quickly.
These Chinese manufacturers have bought or purchased a stake, or plan to do so, in at least 13 companies over the four years since Beijing debuted its "Made in China 2025" initiative to bolster the country's high-tech industries. The trend shows no sign of abating amid China's growing rivalry with the U.S. for technological supremacy.
