Industry in Asia has undergone tremendous changes and has diversified in the past decade. Traditionally, Asia has been a manufacturing hub, but the region is witnessing a shift towards technology and moving up the value chain. This process has been intensified by the advancement of digital technologies and governmental efforts, which contribute to positive changes. China, being the largest economy in the region, is still ahead in terms of industrial modernization. To that end, the country plans on enhancing manufacturing competence by adopting automation, Artificial Intelligence (AI) and other advanced technologies. This change in direction is aimed at moving away from relying on industries that rely on cheap labor, and to establish China as one of the leading producers of sophisticated products like robots, aircrafts and renewable energy.
India is also experiencing a... >>More
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