China’s ‘Rust Belt’ city sets up $3-bln fund to boost robot industry

An over three billion dollars fund has been set up in north China’s Shenyang, capital of Liaoning Province, to boost robot industry.

Local authorities said the fund will be used to finance robot innovation and build a world-class robot industry base.

As China’s vital equipment industry base, Shenyang has seen a boost in robot industry last year.

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