Shipbuilding:
According to Chosun Ilbo, South Korea's shipbuilding industry is suffering from insufficient orders due to the serious financial crisis, and China will replace South Korea as the world's largest shipbuilding country.
China's shipbuilding has overtaken South Korea's in terms of order volume already received and new orders. According to statistical results released by Clarkson, the research institute that analyze the global shipbuilding and maritime transport sector, as of early this month, China's shipbuilding orders reached 54.96 million Compensated Gross Ton (CGT), 34.7% of the world market share, while the South Korean shipbuilding industry holds orders of 53.63 million CGT and only 33.8% of the world's market share. China's market share is 0.9 percentage points higher than South Korea's.
Car building:
Last year, China surpassed the United States as the world's largest automaker.
High speed rail building:
And in recent years, with little outside notice, China made another great leap forward in transportation: It now leads the world in high-speed rail.
Jets building:
The country is aggressively making jets to compete with Boeing and Airbus.
China's first home-made jet engine will make a debut in 2016, a significant step of the large-jet program, an official said Wednesday.
"China is expected to complete the research of its first jumbo jet engine in 2016 and begin to apply for aviation certificate from the state aviation authority," said Zhang Jian, general manager of the Shanghai-based AVIC Commercial Aircraft Engine Co. Ltd.
"We hope the home-made engine will fly together with the home-made large aircraft," he said.
The engine company was established in Shanghai in January. The company will focus on the research and development of home-made jet engines.
According to Chosun Ilbo, South Korea's shipbuilding industry is suffering from insufficient orders due to the serious financial crisis, and China will replace South Korea as the world's largest shipbuilding country.
China's shipbuilding has overtaken South Korea's in terms of order volume already received and new orders. According to statistical results released by Clarkson, the research institute that analyze the global shipbuilding and maritime transport sector, as of early this month, China's shipbuilding orders reached 54.96 million Compensated Gross Ton (CGT), 34.7% of the world market share, while the South Korean shipbuilding industry holds orders of 53.63 million CGT and only 33.8% of the world's market share. China's market share is 0.9 percentage points higher than South Korea's.
Car building:
Last year, China surpassed the United States as the world's largest automaker.
High speed rail building:
And in recent years, with little outside notice, China made another great leap forward in transportation: It now leads the world in high-speed rail.
Jets building:
The country is aggressively making jets to compete with Boeing and Airbus.
China's first home-made jet engine will make a debut in 2016, a significant step of the large-jet program, an official said Wednesday.
"China is expected to complete the research of its first jumbo jet engine in 2016 and begin to apply for aviation certificate from the state aviation authority," said Zhang Jian, general manager of the Shanghai-based AVIC Commercial Aircraft Engine Co. Ltd.
"We hope the home-made engine will fly together with the home-made large aircraft," he said.
The engine company was established in Shanghai in January. The company will focus on the research and development of home-made jet engines.