HONG KONG -- Chinese authorities are pushing humanoid robots as the next big thing after electric vehicles. This gives them a common cause with Tesla boss and Donald Trump confidant Elon Musk, with observers foreseeing a potential repeat of the way his company helped catalyze China's EV industry.
This week, Shenzhen's government issued an action plan to offer funding and policy support for intelligent robots including humanoids. The southeastern city said it hopes to catalyze breakthroughs in core components, AI chips, biomimetic dexterous hands and other technologies. By 2027, it aims to host more than 10 companies valued at over 10 billion yuan ($1.3 billion) and over 20 companies with annual revenues exceeding 1 billion yuan.
