China Wields Sea Power With Navy Buildup

China dominates modern shipbuilding in the 21st century, producing more warships than anyone else, with excess capacity to spare. As of 2021, its global market share in commercial shipbuilding was 44.20 percent, ahead of South Korea’s 32.39 percent and Japan’s 17.65 percent, according to the U.N. Conference on Trade and Development (UNCTAD).