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China and United States investing in Industry 4.0

Graham Immerman
February 26, 2018

The United States is currently the world's second largest manufacturer and it wants to overtake China to be number one. In order to make that happen, they are investing in Industry 4.0. China isn't backing down, however, and they are investing as well. PR Newswire said, "The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer."

The U.S. and China Invest Heavily in Industry 4.0 Technologies to be the World's Largest ManufacturerSource: http://www.prnewswire.com

WASHINGTON, Jan. 29, 2018 /PRNewswire-USNewswire/ -- The United States, the world's second largest manufacturer, with a 2017 industrial output reaching a record level of $2.2 trillion, will apply Industry 4.0 technologies to replace China as the world's largest manufacturer. The "Industry 4.0 Market & Technologies. Focus on the U.S. – 2018-2023" report forecasts that the U.S. Industry 4.0 2016-2023 market will grow at a CAGR of 12.9%. Restoring manufacturing jobs to the United States struggling Rust Belt communities and corporate tax cuts were two of President Donald Trump's biggest campaign promises. It is expected that Trump's administration will follow Obama's (2011) Industry 4.0 policy, the formation of the Advanced Manufacturing Partnership (AMP), a national effort bringing together industry and the Federal Government to invest in Industry 4.0 technologies. Read More

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