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Goldman says China’s overseas push is shifting toward AI industrial tech
Goldman Sachs links the shift to global supply shortages outside China and rising demand tied to new technology adoption cycles.
Chinese companies are expanding overseas beyond earlier solar equipment efforts, moving toward artificial intelligence-enabled industrial technology, according to a research note cited by SCMP Economy.
Goldman Sachs analysts, led by Jacqueline Du, said overseas demand has been driven in part by supply shortages outside China that created an immediate need for Chinese suppliers, as well as by products benefiting from technology adoption cycles.
The report also points to humanoid robotics as a driver of new global demand pools, naming Unitree as establishing a global market lead.
SCMP Economy reported that Unitree, a Hangzhou-based manufacturer, shipped over 5,500 humanoid robots last year, far above US rivals, with Tesla, Figure AI and Agility Robotics each delivering about 150 units, based on data from Omdia cited in the Goldman Sachs research note.