Beijing. China’s economy has been going through a bad phase in the last few years. After America, now European markets are also gradually closing for China. China completed 36.34 million deadweight tons of shipbuilding in the three quarters from January to September, which is 18.2 percent more than last year.
Where India’s economy is said to grow at a faster pace than 7 percent for the year 2024-25. At the same time, in this case, China estimates that its markets will grow at the rate of five percent. India’s position in terms of green energy shipment orders is not very good at present. India has great potential to become a center of green shipbuilding. The Indian government is paying a lot of attention to alternative fuels and green energy. Investment and technology transfer from Japanese and Korean shipyards are being encouraged. We aim to advance shipyard and port infrastructure and aim to be among the top shipbuilding countries by 2030 and among the top five by 2047. The European Union has imposed a tax of about 40 percent on electric cars manufactured in China. In such a situation, Xi Jinping is now turning to African markets to save the country’s sinking economy. India is gradually seen defeating China in many areas. Meanwhile, there is one area in which China has stunned not only India but the entire world. We are talking about green energy shipment. China’s share in global green ship orders has now reached 70 percent.