Core Viewpoint - China's shipbuilding industry is rapidly advancing, with significant market shares and production capabilities, showcasing its dominance in the global shipbuilding sector [2][5][6]. Group 1: Industry Performance - In 2024, China's shipbuilding completion volume, new orders, and backlog orders are projected to account for 55.7%, 74.1%, and 63.1% of the global market, respectively [2][5]. - The city of Nantong alone is expected to assemble or repair over 300 ships in 2024, contributing to approximately 10% of China's total shipbuilding output [2][5]. - The shipbuilding industry in Nantong is projected to generate a value of €11 billion (approximately ¥911 billion) from January to May 2025 [2][5]. Group 2: Production Efficiency - The average time to build a 100-meter ship from start to first water testing is four to five months [2][5]. - Workers in Nantong indicate that they can produce at least four ships within two years, with most orders coming from overseas [2][5]. Group 3: Competitive Landscape - China's shipbuilding prices are 5% to 10% lower than international prices, and repair services are 50% cheaper [5][6]. - An industry insider predicts that China aims to surpass South Korea, which currently holds a 30% market share, targeting an 80% market share in the future [5][6]. Group 4: Historical Context and Future Outlook - Since the early 2000s, China has replicated its success in battery and electric vehicle manufacturing within the shipbuilding sector, starting with simpler ship types [6]. - The 2008-2009 financial crisis led to the consolidation of the industry around large state-owned enterprises, enabling China to become the world's largest shipbuilder by 2010 [6]. - China's effective pandemic response allowed it to capture international orders that could not be fulfilled by local shipyards, leading to significant wealth accumulation and reinvestment in technology and capacity expansion [6].
“中国速度”!法媒使用“惊人”一词
Xin Lang Cai Jing·2025-12-25 06:40