• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

China overtakes Germany in industrial use of robots, says report

by November 20, 2024
written by November 20, 2024

BERLIN (Reuters) – China has overtaken Germany in the use of robots in industry, an annual report published by the International Federation of Robotics (IFR) showed on Wednesday, underscoring the challenges facing Europe’s biggest economy from Beijing.

In terms of robot density, an important indicator for international comparisons of the automation of the manufacturing industry, South Korea is the world leader with 1,012 robots per 10,000 employees, up 5% since 2018, said the IFR.

Singapore comes next, followed by China with 470 robots per 10,000 workers – more than double the density it had in 2019.

That compares with 429 per 10,000 employees in Germany, which has had an annual growth rate of 5% since 2018, said IFR.

“China has invested heavily in automation technology and ranks third in robot density in 2023 after South Korea and Singapore, ahead of Germany and Japan,” said IFR president Takayuki Ito.

Germany has in the past relied heavily on its industrial base and exports for growth but is facing ever tougher competition from countries like China. It expects economic contraction for the second year running in 2024, making it the worst performer among the Group of Seven rich democracies.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Nvidia’s results, Comcast spinoff, UK inflation – what’s moving markets
next post
Trump to unleash nearly 40% tariffs on China in early 2025, hitting growth: Reuters poll

You may also like

Trump’s Colombia tariffs on hold after Bogota agrees...

March 13, 2026

Analysis-To weather Trump, emerging market investors look to...

March 13, 2026

Fuji Media, rocked by sexual misconduct allegations, says...

March 13, 2026

China central bank conducts 1.7 trln yuan of...

March 13, 2026

European tech shares tumble as China’s AI push...

March 13, 2026

ECB president fears loss of central bank independence

March 13, 2026

Futures slip as investors eye China’s latest AI...

March 13, 2026

How billionaire Caltagirone could influence Italy’s banking M&A...

March 13, 2026

Markets may be repeating the mistake of 2019,...

March 13, 2026

How Italy’s MPS went from near collapse to...

March 13, 2026
Sign up and get the scoop before anyone else—fresh updates, and secret deals, all wrapped up just for you. We're talking juicy tips, fun surprises, and invites to events you actually want to go to. Don’t just watch from the sidelines—jump in and be part of the magic!








    By signing up, you're cool with getting emails from us. Don’t worry — your info stays safe, sound, and strictly confidential. No spam, no funny business. Just the good stuff.

    Recent Posts

    • What falling wage growth says about where the U.S. economy is heading

      April 7, 2026
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

      April 7, 2026
    • U.S. added 178,000 jobs in March, reflecting resilient labor market just as Iran war escalated

      April 6, 2026
    • U.S. oil has its biggest one-day price increase in six years, driving the cost of gas even higher

      April 6, 2026

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (726)
    • Stock (6,426)

    Latest News

    • What falling wage growth says about where the U.S. economy is heading
    • Savannah Guthrie returns to ‘TODAY’ amid search for mother: ‘It’s good to be home’

    Popular News

    • ’60 Minutes’ producer leaves show, citing a loss of journalistic independence
    • Australia Oct business sentiment highest in nearly two years, NAB survey shows

    About The Significant deals

    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2026 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy