China’s State Council cited the Ministry of Industry and Information Technology , saying that “China has been the world’s largest market for industrial robots for eight consecutive years. In 2020, the manufacturing robot density, a metric used to measure a country’s level of automation, reached 246 units per 10,000 people in China, nearly twice the global average.” In the world’s industrial robot industry, ABB of Switzerland, KUKA of Germany, Fanuc of Japan, and Yaskawa Electric are the most famous. They are called the “four major families” of industrial robots. However, China has little pricing power because its key technologies are...