SOUTH KOREA PANIC! China Receives 428 Large Ship Orders | France and Greece Abandon South Korea

#china #chinanews#SouthKorea #project #europe In the 1990s, South Korea seized the opportunity to actively promote export-oriented industrial policies. By introducing cutting-edge European and American technology and management experience, they set out to vigorously develop high-tech fields such as liquefied gas carriers and large container ships. The successful development and production of this series of high-end products has gradually made South Korea’s shipbuilding industry technologically ahead of traditional shipbuilding powers. At the beginning of the 21st century, South Korea’s shipbuilding industry has emerged as one of the leaders in the global shipbuilding industry. According to statistics, in 2003, South Korea surpassed Japan in new ship orders for the first time, ranking first in the global manufacturing industry. Since then, South Korea has maintained this leading position and continued to expand its share of the global shipbuilding market. But in the past few years, China has made remarkable achievements in the field of shipbuilding and even maintained an unreachable leading position. In sharp contrast, South Korea, which once dominated the industry, is now struggling under competition from China. According to data analyzed by a British organization, the total number of orders worldwide in the first half of the year was 678, of which China alone held 428. This also proves that China has taken the lead in South Korea and Japan and won the championship of global ship orders. So, why do countries begin to abandon South Korea and choose to give shipbuilding orders to China? How did China defeat South Korea and become the leader in this industry in just a dozen years? ---------------------------------------------------------------------