South Korea Concedes! South Korean spent $2.7 billion to order 22 large transport ships from China - Video

#china #chinanews #southkorea #japan #shipbuilding #manufacturing

Since the last century, China has been very backward in technology such as shipbuilding. However, after the end of World War II, China also began to actively promote technological development. In just a few decades, China's shipbuilding technology can compete with South Korea, Japan and other countries for the world's leading position, forming a pattern of two powers competing for hegemony. Some experts even predict that China may dominate the global shipbuilding industry by 2024. However, a surprising thing happened recently. South Korea actually ordered 22 large transport ships from China, with a total value of about US$2.7 billion. Such changes have caused some discussion, and some people even think that this is the loss of South Korea's shipbuilding industry to China. So why did South Korea order transport ships from China? How did China's shipbuilding industry develop?

In the 1980s, South Korea's shipbuilding industry began to show a strong momentum of development. By 2000, they had successfully surpassed Japan and became the leading country in the global shipbuilding industry. During this period, South Korea dominated the global shipbuilding market with advanced steel and welding technology, achieving a 20-year technological monopoly. During this period, almost no country could effectively break through their technological barriers and shake their leading position. But as the shipbuilding industry developed better and better, many countries began to realize the important value of the shipbuilding industry, and China was one of them. But when China joined the shipbuilding industry, everything changed dramatically.

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