1 of 1
Story summary
- China’s Midea acquired Germany’s robot maker Kuka, prompting industrial alarm.
- European regulators approved the Midea-Kuka deal a decade ago.
- Robot installations in German factories are forecast to fall for a third straight year.
- EU trade deficit with China hits €1 billion ($1.1 billion), a record, prompting Commission President Ursula von der Leyen’s ‘tipping point’ warning.
- China now operates almost half of the five million factory robots worldwide.
