According to reports, like other East Asian countries, China is also striving to cope with the declining birth rate and the rapidly aging workforce.
Reportedly, the Beijing authorities have stated that they are increasing investments in elderly care, including artificial intelligence and humanoid robots, to address the changes in population structure.
China is rapidly positioning itself as a leader in the field of robotics. The density of industrial robots in China ranks third in the world, following South Korea and Singapore.
The image shows visitors interacting with a robot.
Earlier this year, the International Electrotechnical Commission released the first international standard for elderly care robots, signaling the entry of this emerging industry into a new era of regulation and standardization.
Industry officials have stated that this technology has reached a critical point, where robots can soon fill the labor gap caused by an aging population, alleviate the pressure of a decreasing number of caregivers, and help support China’s “silver economy.”
Leng Xiaokun, chairman of Leju (Shenzhen) Robot Technology Co., Ltd., stated: “We have always focused on developing humanoid robots, with a clear goal: to bring them into homes and service industries to assist in elderly care.”
China is calling for greater innovation in elderly care, from brain-computer interfaces to humanoid robot care. Venture capitalists have taken notice of this.
According to reports from the U.S. Consumer News and Business Channel, on the 8th, Shenzhen-based Zivariable Robotics Technology Co., Ltd. announced that it had raised approximately $100 million in a financing round led by Alibaba Cloud, bringing its total funding to about $280 million.
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