Since the 90s of the last century, China's shipbuilding industry has experienced a stage of rapid development. Today, China is a global leader in shipbuilding, and this achievement has sparked anxiety in South Korea.
1.South Korea's shipbuilding industry has lost market share in the world: According to British analyst Clarkson, the number of new ship orders worldwide has fallen sharply this year, by 21%. Among the many shipbuilding powers, South Korea has been the most affected. By contrast, China's orders fell by just 6 percent. In addition, South Korea's share of the world's revised gross tonnage is only 25%, while China's is as high as 58%. Such a data gap makes South Korea** and shipping companies uneasy.
2.South Korea's shipbuilders are below target: As of November, only one of South Korea's three major shipbuilders has achieved its annual target, while the other two are still far from the target, according to South Korea**. Of these, the worst one achieved only 43% of the target. The non-compliance of South Korean shipping companies in terms of the number of orders received by South Korean shipping companies is in stark contrast to China's huge order volume, which has caused concern in South Korea.
3.South Korean shipbuilders lose technological and industrial advantages: Some South Koreans** are trying to find reasons for the decrease in the number of orders received by South Korean shipbuilders, such as saying that South Korean shipbuilders have improved the quality of orders and selectively received orders. However, these are all self-comforting rhetoric. In fact, South Korean shipbuilders have lost their technological and industrial advantages, which is the real reason for the decrease in orders. South Korean shipbuilders have overestimated their own technological strength and cannot compete with Chinese shipbuilders in the field of high value-added vessels.
4.South Korean shipbuilders face staff loss and capital difficulties: South Korean shipbuilders have faced the dual dilemma of labor loss and capital outflow in the past few years. The high cost of raw materials owned by South Korea, coupled with the outflow of funds due to the Federal Reserve's interest rate hikes, has led to a decline in the profits of South Korean shipbuilders. Against this backdrop, South Korean shipbuilders have had to lay off workers and reduce production capacity, further weakening their competitiveness.
5.South Korea's automotive industry is also facing difficulties: Similar to shipbuilding, South Korea's automotive industry is under tremendous pressure. Especially in the field of new energy vehicles, the Chinese market size far exceeds that of South Korea. As a world-renowned car brand, the German Volkswagen Group has been performing well in the Chinese market. However, when it comes to new energy vehicles, the market share of German brands has dropped significantly. China's electric vehicles are not only selling well in China, but also beginning to be exported to Germany and other countries, which has brought huge competitive pressure to German automakers.
1.The rise of China's shipbuilding enterprises in terms of technology and industrial strength: The rise of China's shipbuilding enterprises in terms of technology and industrial strength is a microcosm of the success of China's manufacturing industry. Chinese shipbuilders have made major breakthroughs through continuous innovation and investment in R&D. In the field of high-tech carrier manufacturing, the share of Chinese shipbuilding enterprises has been rising and remarkable achievements have been made.
2.Technological innovation and independent development of China's manufacturing industry: China's manufacturing industry has achieved great success in technological innovation and independent development. Chinese shipbuilders are not only able to undertake low-tech orders, but also have a very good performance in the high-tech field. All this is thanks to the support of China** and the continuous efforts of Chinese enterprises. The success of China's manufacturing industry has not only caused anxiety in countries such as South Korea and Germany, but has also had a huge impact on the global manufacturing industry.
3.Openness and cooperation in China's manufacturing industry: The rise of China's manufacturing industry is not an isolated event, but closely related to global cooperation and openness. China actively absorbs international advanced technology and management experience, and cooperates with other countries to jointly promote the development of the manufacturing industry. It is through this mechanism of cooperation and openness that China's manufacturing industry has been able to develop rapidly and continuously improve its competitiveness.
1.Technological innovation is the key to the success of China's manufacturing industry: The great success of China's manufacturing industry is largely due to technological innovation. China has invested a lot of resources and funds in research and development, actively introduced and absorbed international advanced technology, and improved its local technological capabilities through independent innovation. This ability to innovate in technology is the core advantage of the success of China's manufacturing industry.
2.Openness and cooperation have promoted the rapid development of China's manufacturing industry: The success of China's manufacturing industry is not only due to its own efforts, but also inseparable from cooperation and exchanges with other countries. China actively participates in the global division of labor system and continues to learn and make progress through Xi and cooperation. This spirit of openness and cooperation has promoted the rapid development of China's manufacturing industry.
3.Deepening technological innovation and talent training is the focus of China's manufacturing industry in the future: the success of China's manufacturing industry can provide some food for thought to other countries. Technological innovation and talent training are the key to sustainable development, and all countries should increase investment in this area. In addition, openness and cooperation are also important factors to promote the development of the manufacturing industry, and countries can strengthen cooperation, share experience and resources, and jointly develop the manufacturing industry.