China plus Russia plus Iran plus North Korea: builds 70% of the world’s warships

by Inside China Business [1-4-2026].

China's dominance in commercial shipbuilding is hugely advantageous to the Chinese Navy, which is now the largest in the world.

The shipbuilding industry in the United States exclusively serves the Pentagon; American shipyards built just five commercial ships in 2024, while just one Chinese firm built 250.

Russia, Iran, and North Korea also combine for a significant share of warship production.

China has taken over the global shipbuilding industry in the same way they have done, in so many others. Their factory sector has enormous productive capacity and slack, which results in intense competition, ruthless competition and efficiencies, and lower prices.

Closing scene, Nanchang Street, Wuxi, Jiangsu.

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