Tag: china shipbuilding
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China’s Shipbuilding Industry Surpasses US, Dominating Global Market and Expanding Military Capabilities
China’s shipbuilding industry has significantly outpaced that of the United States, becoming the dominant force in global shipbuilding. With over half of the world’s commercial shipbuilding output in 2023 coming from China, the country has leveraged its massive shipyards and substantial financial investments to expand its naval capabilities and commercial ship production. This growth has…