China's rise on the global industrial stage is reshaping existing patterns.
Recent news from Qatar further confirms this trend: they've chosen to cooperate with China by having their vessels produced in Chinese shipyards.
As the world's largest producer and exporter of liquefied natural gas (LNG), Qatar requires a significant number of LNG carriers.
China's emerging shipbuilding prowess has made it their preferred partner.
LNG carriers, often dubbed "floating super refrigerators" in the maritime industry, require highly complex and precise manufacturing processes to handle and transport extremely low-temperature liquefied natural gas.
In the past, South Korea was a leader in this field. However, with China's rapid advancement in shipbuilding capabilities, it's securing more orders, including some of the largest single-ship orders worldwide.
China's swift ascent is attributed not only to its clear advantages across the entire manufacturing industry chain but also to its successful breakthroughs in key technological challenges.
For instance, China is among the few nations capable of domestically producing 9% nickel steel, a crucial material in LNG vessel construction.
In contrast, South Korea relies on importing raw materials from France and requires French authorization, leading to comparatively higher shipbuilding costs.
China's industrial strength extends beyond shipbuilding, encompassing numerous other sectors.
It stands as the only country globally with a complete industrial chain, making significant progress and breakthroughs in aircraft carriers, high-end technological products, and various industrial fields.
As China's industrial capabilities continue to strengthen, it's gradually reducing Western monopolies in the industrial sector, signaling China's industrial transformation and high-quality development.
While challenges persist in certain critical areas, such as EUV lithography machines and industrial software, both largely dominated by the West, China's increased investment in research and development, coupled with the cultivation of high-level R&D talent, is expected to overcome these hurdles, achieving greater breakthroughs and progress in the industrial sector.
China's rise on the global industrial stage has become an undeniable force, driving the transformation and development of the world's industrial landscape.
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