Frankfurt, Mar 25, 2025 — China’s National Development and Reform Commission has announced to set up a state-backed venture capital fund focused on robotics, AI and cutting-edge innovation. The long-term fund is expected to attract nearly 1 trillion yuan (US$138 billion) in capital from local governments and the private sector over 20 years. This initiative aims to continue China's technology-driven success story in manufacturing: In ten years, the country's global share of industrial robot installations has risen from around one-fifth to more than half of the world's total demand.