WHEN Usain Bolt became the fastest man on Earth in 2009, he performed that trademark victory pose — stretching out his arm towards adoring fans. In sharp contrast, Tiangong Ultra — the robot that

Shares of the world’s largest humanoid robot maker by sales Unitree jumped more than 600% in its trading debut in Shanghai on Wednesday, in a testament to its status as the poster child of China’s robotic advancement.

On one stand, shiny metallic androids dressed in uniforms performed hand signals like traffic police. Elsewhere, yellow robotic arms helped human workers serve bubble tea and mixed cocktails. At robot producer Ubtech’s stand, humanoids stacked boxes in a staged warehouse.

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The age of robots is here, and the race to dominate the field is clearly led by America and China. Each country’s distinct advantages provide critical insights into the future of industry.

Unitree's IPO reflects China's strategic bet on humanoid robots, but a U.S. ban on foreign-manufactured robotics poses a real risk for investors.