Yul Kwon:
Soon there may be fewer jobs to go around no matter what kind of company you want to work for. Japan has long led the world in industrial robots, but China is getting into the game. Part of the reason is there will soon be fewer working age adults. Part of it is to develop cutting edge technology. CCTV says that robots are the stars at the annual Shanghai industrial fair.

Reporter:
This humanoid robots is one of the country's major scientific projects since 2008. At a cost to the central government of some 20 million yuan. Project managers from Zhejiang University told ICS the robot isn't just for sports training. It was created to test a number of key robotic functions such as movement coordination, object recognition and balancing.

Zhang Yifeng:
Now we should be very friendly, not competitive with the robot during a match. But in the future as our technology improves, he will become a professional table tennis player to play with.

Reporter:
You can find robots at almost every industry fair. But it's the first time for robots to have their own exhibition hall. Economists say robots will lead the world's third industrial revolution. More than 60 domestic and foreign companies are showcasing hundreds of their newest robots here. This mouse making robot weighs about as much as a seven-year-old child, and is one of the smallest at the fair. But each robot can work four times as efficiently as a pair of human hands. And they are already being used at a computer mouse factory in Shenjen.

Gu Chunyuan, President, ABB Engineering, Shanghai:
The productivity improvement is tremendous in my opinion. It's not just replacing the people because, as I said the characteristic robot has is compactiveness, it's consistence, so this gives you very consistent product quality. It improves your total efficiency.

Reporter:
Many visitors have crowded the robot exhibition hall to get a glimpse of how the potential new revolution might affect our life.

Wei Xianbing, Visitor:
The homegrown robots don't look as professional as the foreign robots. But at this fair I see a lot of improvement in industrial robots made by Chinese companies.

Martin Huth, German Exhibitor:
We can say that the impression that we're getting here is a very positive one, because not only is it set up very professional, and we find our major competitions here that we can observe. We also find key customers that are displaying here.

Reporter:
As one of the world's major manufacturers, China has become the fastest growing robotics market. Figures from the international federation of robotics show installation of modular robots in China has risen by 136 percent from 2008 to 2011. And will grow another 15 percent this year. For some two-thirds of the robots are made by foreign manufacturers. The annual industry fair is being held at the Pudong New International Expo Center through Saturday. The displays also include new industrial products such as electric cars, mobile networks and space technology.