Robotics boom fueling nation's tech ambitions

BEIJING, Aug. 20, 2026 /PRNewswire/ -- The following article was published today by China Daily.

More than 3,000 cutting-edge robots and related products packed the 2026 World Robot Conference, which opened in Beijing on Wednesday, the same day that Unitree Robotics made its debut on the STAR Market in Shanghai and surged 629.44 percent to 1,100 yuan ($163) per share from its initial public offering price.

As the Beijing conference showcased China's strength as the world's largest producer of robots and a supply-chain hub for the industry, Shanghai's capital market bet on what comes next — whether that industrial muscle can drive faster innovation, lower costs and, ultimately, expand share in the global robotics market, industry experts said.

That bet played out vividly on Unitree's first trading day. At its peak, a single winning IPO allotment translated into a paper profit of up to 474,600 yuan. Although the shares retreated from that high, they still closed at 845 yuan, up 460.3 percent, valuing the company at 341.77 billion yuan.

Pan Helin, a member of the expert committee for information and communication economy of the Ministry of Industry and Information Technology, said the surge reflects robust investor confidence in China's embodied artificial intelligence industry.

"Despite the share price retreating from its opening high amid broader market pressure, Unitree's performance far outpaced earlier expectations," he said.

During the 14th Five-Year Plan (2021-25) period, President Xi Jinping made multiple visits to robotics companies. At the 2026 World AI Conference and High-Level Meeting on Global AI Governance in Shanghai last month, Xi said that AI is moving from the digital world into the physical world, and he called for greater efforts to advance technological innovation, industrial development and scenario-based applications.

Robotics sits at the heart of this transition, serving as the primary vehicle for bringing AI technologies into the physical realm.

The World Robot Conference brought together more than 300 Chinese and overseas companies with over 3,000 products, ranging from humanoid, industrial and medical robots to core components such as dexterous hands, reducers and sensors, and embodied AI models.

Galbot unveiled a new humanoid robot capable of learning to play tennis. Unitree demonstrated its H1 humanoid robot, which can run at a peak speed of 10 meters per second — rivaling the pace of elite human sprinters.

Xin Guobin, vice-minister of industry and information technology, said at the robot conference that revenue from major robotics companies reached 165.5 billion yuan in the first half of the year, a 24.5 percent year-on-year increase.

Xin said China will focus on overcoming bottlenecks in core robotics components and embodied AI. The country also aims to expand the integration of robots into agriculture, healthcare, elderly care and emergency response, he added.

Xu Xiaolan, president of the Chinese Institute of Electronics, said that embodied AI is entering a critical window for large-scale adoption, with Chinese products at a pivotal juncture transitioning from small-batch trials to broader deployment.

"Public and commercial services are leading the way," she said. "In China, robots are now being deployed in traffic guidance, at tourist attractions, in shopping malls and in education, leveraging capabilities such as autonomous positioning, dynamic obstacle avoidance and question answering."

JPMorgan has forecast that global humanoid robot shipments will climb from an estimated 18,000 units in 2025 to 60,000 this year, before surging to 1.75 million by 2030. China is expected to account for more than half of global demand, according to the bank.

By Cheng Yu

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SOURCE China Daily