By Kwok Chern-Yeh, Head of Investment Management, Japan, Aberdeen Asset Management
A quiet revolution is taking place in China. Few people will have heard of Shenzhen Everwin Precision Technology but this company is making history. Earlier this year the electronics components manufacturer announced plans to build the country’s first fully-automated factory. Some 1,000 industrial robots will replace humans on production lines as the company seeks to boost productivity and find a lasting solution to a shrinking labour pool and rising wages.