China’s Subsidized Shipbuilding: Latest Pillar Industry
Beijing takes over both military and commercial global shipbuilding
By: Andy Wong Ming Jun
Over the past four years China has become the world’s top commercial shipbuilder, eclipsing not only a floundering United States but Japanese and South Korean shipbuilders as well. China has gone from a mere 5 percent of merchant tonnage produced annually in the world to over 50 percent in 2025.
The rise of Chinese shipbuilding is m…
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