China’s ceramics-and-furniture hub Foshan bets on robotics with new funds

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The city of Foshan, the country’s furniture and ceramics manufacturing hub in southern Guangdong province, has rolled out multiple initiatives to support the robotics industry in the latest example of how local governments are embracing the country’s strategic industries.The Greater Bay Area city launched two industrial funds worth at least 3.5 billion yuan (US$488 million) combined, which would be “professionally managed” for the robotics industry, Foshan Vice Mayor Liu Jie said at a press...