Machinery and Equipment Industry: Manufacturing Boom Focus on General Automation Investment Opportunities

Robot production continued to rise, ushering in a new cycle: According to the National Bureau of Statistics, China's industrial robot production in August 2020 was 20,663 units, up 32.5% YoY, continuing the growth trend since October last year; Overseas markets, Japan's industrial robot orders growth since February last year showed a bottoming up trend, last September's growth rate has continued to improve, but affected by the outbreak, a small decline. Orders for industrial robots in Japan fell 1.81% year-on-year to 44.04 billion yen in July 2020, according to the Ministry of Economy, Trade and Industry. Overall, Japan's industrial robot boom has improved significantly, mainly benefiting from China's influence. The automation industry has a by-cycle attribute, after two years of insexia, ushered in a new round of boom cycle.