中国警告：人形机器人行业存在泡沫风险

中国政府将加快关键核心技术攻关，推动训练与中试平台等基础设施建设。图片来源：VCG/VCG VIA GETTY IMAGES 中国国家发展和改革委员会（National Development and Reform Commission）警告称，应防范国内人形机器人产业的泡沫化风险。这是官方罕见针对这一关键技术领域表达担忧。 作为国家经济战略制定与政策调整的核心机构，发改委于上周四指出，目前国内已有超过150家企业推出高度相似的人形机器人产品。发改委新闻发言人李超上周四在北京对记者表示，政府要着力防范重复度高的产品“扎堆”上市、研发空间被压缩等风险。 在被视为重要经济引擎的人形机器人领域，中国政府呼吁保持警惕，这反映出对该领域过度投资的担忧。这让人联想起从共享单车到半导体等行业曾经历的投资热潮，其中许多以行业洗牌收场，小型企业被淘汰。行业龙头优必选科技（UBTech Robotics Corp.）的股价周五上涨逾4%，市场认为其或将从行业整合中受益。 李超表示：“‘速度’与‘泡沫’一直是前沿产业发展过程中需要把握和平衡的问题，这对于具身智能产业来讲，也是一样的。” 在今年春节联欢晚会上，宇树科技（Unitree）跳舞机器人惊艳全国观众，自此掀起了人形机器人研发与投资热潮。在《中共中央关于制定国民经济和社会发展第十五个五年规划的建议》中，具身智能被列为六大新的经济增长点之一。 在今年2月习近平主席与马云等科技企业家的座谈会上，宇树科技创始人王兴兴坐在前排。此后，智元机器人（AgiBot）、银河通用机器人（Galbot）等新锐企业打造的机器人频繁出现在社交媒体上：跑马拉松、搏击，甚至制作咖啡。 行业关注度的提升进一步推高了投资者的热情，带动索拉克中国人形机器人指数（Solactive China Humanoid Robotics Index）年内上涨近30%。这一指数主要追踪机器人相关企业的股价。 花旗集团（Citigroup）预计，到2050年，人形机器人市场规模有望达到7万亿美元。不过，人形机器人在家庭和工厂中的大规模普及仍需数年时间。 李超在新闻发布会上表示，中国政府将继续加速建立健全行业准入与退出机制，营造公平竞争的市场环境，加快关键核心技术攻关，并推动训练与中试平台等基础设施建设。 她指出，政府还将促进全国范围内具身智能技术、产业资源整合和开放共享，加速具身智能体在真实场景中落地应用。（财富中文网）） 译者：郝秀 审校：汪皓 China’s powerful economic-planning agency warned of the risks of a bubble forming in the country’s humanoid robotics industry, issuing a rare official expression of concern about a pivotal sphere of technology. The National Development and Reform Commission, which sets economic strategy and shifts in policy, called attention Thursday to the proliferation of remarkably similar robots from more than 150 companies in the same field. The country must prevent that flood from overwhelming the market and squeezing out real research and development initiatives, agency spokeswoman Li Chao told reporters in Beijing on Thursday. The call for vigilance reflects Beijing’s unease over excess investment rolling into a sector it bills as one of the biggest catalysts for the economy. That recalls past over-spending in sectors from bike-sharing to semiconductors, many of which ended in shakeups that eradicated smaller players. Shares in industry leader UBTech Robotics Corp., which could benefit from consolidation, gained more than 4% on Friday. “Frontier industries have long grappled with the challenge of balancing the speed of growth against the risk of bubbles—an issue now confronting the humanoid robot sector as well,” Li said. Humanoid robot development and investment have exploded since Unitree’s dancing droids charmed a nationwide audience during the Spring Festival Gala earlier this year. The ruling Communist Party designated the industry one of six new economic growth drivers, in guidelines for drafting China’s development plan for the five years through 2030. Unitree founder Wang Xingxing sat in the front row during a seminal meeting between tech leaders such as Jack Ma and President Xi Jinping in February. Since then, droids —made by fast-growing startups such as AgiBot and Galbot—have exploded across social media: running marathons, kickboxing and making coffee. The spotlight of attention has fueled investor interest in the sector, sending the Solactive China Humanoid Robotics Index—which tracks the shares of robot-related companies—up nearly 30% this year. Citigroup Inc. expects the market to hit $7 trillion by 2050. Still, widespread adoption of humanoid robots by households or factories is likely years away. For now, the authorities will continue to speed up efforts to build mechanisms for market entry and exit to create an environment of fair competition, Li said at the briefing. Beijing will accelerate research and development of core technologies while supporting the construction of training and testing infrastructure, she added. The government will also promote the consolidation and sharing of technology and industrial resources in the sector across the nation, in an attempt to expedite the application of humanoid robots in real life, she said. 财富中文网所刊载内容之知识产权为财富媒体知识产权有限公司及/或相关权利人专属所有或持有。未经许可，禁止进行转载、摘编、复制及建立镜像等任何使用。 原文链接：https://www.fortunechina.com/shangye/c/2025-12/03/content_470624.htm