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The Economist November 10th Shipbuilding
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“The shipbuilding industry has boomed in recent years in tandem with the global economy. The world is making one ship a day” , and on the top of that, there are the world’s three biggest builders of ships, Hyundai Heavy Industries, Samsung Heavy Industries and Daewoo Shipbuilding & Marine Engineering. These South Korean ship builders keep their position firmly fending off chase of China, catching up with technology of Japan by 95.5%.
But despite of the gap, 5.8 years estimated, between South Korea and China, there are still some concerns about that China is going to replace South Korea soon. And the article we are covering is also talking over that point, but the article’s opinion is somewhat negative toward possibility that China can do it.
According to the article, firstly, the ships which China makes mainly are different from the ones South Korea makes rather it is mostly same as the type of vessels Japan makes, therefore it means China competes with Japan not with South Korea,

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