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Chinese entrepreneurs want to replace labor with robots: survey   


2014-08-25 16:55 Ecns.cn Web Editor: Si Huan

(ECNS) -- Over half of China's entrepreneurs intend to use robots to displace human labor as the country grows into the world's largest robotics market, according to a business conference index report released on Sunday.

The report, issued by Yabuli China Entrepreneurs Forum, revealed a lack of confidence in labor costs with a score of 30.54.

This indicates that China's demographic dividend is diminishing, and that labor costs are the biggest challenge faced by enterprises, said Zhang Hongtao, forum secretary.

However, such findings might prove a promising sign for the country's robotics market.

China bought one-fifth of the world's industrial robot output in 2013, according to Shanghai Daily. The report added that the country's robotics market would continue to grow at a relatively brisk pace in the near future.

Yabuli Forum, first organized in 2001, is run by a few grassroot and independent entrepreneurs. The forum's business confidence index mainly reflects entrepreneurial points of view on the country's social development.

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