China’s intelligent manufacturing market to exceed $31b by 2020

China's intelligent manufacturing market will exceed 220 billion yuan ($31.8 billion by 2020, according to a recent report.

China has built more than 200 digital or intelligent factories and has become the biggest intelligent manufacturing market in the world, according to the report released at the World Intelligent Manufacturing Summit that began on Oct 12 in Nanjing, capital of East China's Jiangsu province.

The value of system solutions in the intelligent manufacturing market reached 106 billion yuan in 2016, a year-on-year increase of 18.4 percent, and growth is expected to continue.

Four major intelligent manufacturing bases have been set up in the Yangtze River Delta, the Pearl River Delta, the area around the Bohai Sea, and the central and western parts of China, the report said.