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Forbes: Forget The Markets, Robots Are China’s New Worry

China is worried. The robots are coming, and they could threaten the country’s rise as a global power.

Manufacturing is one of China’s most important industries. As of 2014, industry (which includes manufacturing) contributed 42.6% to China’s GDP. And on the world stage, China accounts for almost 25% of global manufacturing. The reason for China’s dominance is cheap labor costs: As of 2009, compensation was less than $5 an hour. But things are changing.

First, wages in China are rising. From 2007-2012, manufacturing wages in the country increased by 18% each year. Second, robots are new competition. They have a one-time upfront cost, almost no downtime, more efficiency and, most importantly—no wages.

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The Age of Killer Robots

From Toronto to Tel Aviv to Tokyo, a new era of warfare and geopolitics has begun. The catalyst is killer robots. These new weapons of war will transform world affairs, business models and could take humanity down an unfamiliar path. The world must prepare now. Read this provocative new book and understand what is on the horizon and what it might mean for you.

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