China’s dominance in global industries has been growing steadily over the years, and 2024 marks a new milestone for the country as it secures its position as a leader in the shipbuilding sector. With an already commanding 70% share in vital industries such as new energy vehicles, lithium-ion batteries, solar photovoltaics, and rare earth elements, China has now added shipbuilding to its list of areas where it holds a decisive edge over the competition.