China’s top economic planning agency warns of rise of too many robots

Beijing has flagged risks of excessive duplication in China’s rapidly growing humanoid robot sector, vowing to strengthen guidance for an industry that officials have identified as an important engine of future growth. Driven by an influx of new capital, the number of humanoid robot companies in China has climbed to over 150 and is continuing to grow, National Development and Reform Commission (NDRC) spokeswoman Li Chao told a news conference in Beijing on Thursday. “More than half of them are...