What country had virtually no shipbuilding market share in 1985 and then had a growing and significant shipping market share by 2005?

Question: What country had virtually no shipbuilding market share in 1985 and then had a growing and significant shipping market share by 2005?

The country that had virtually no shipbuilding market share in 1985 and then had a growing and significant shipping market share by 2005 is China.

In 1985, China's shipbuilding industry was in its infancy. It had only a 1% share of the global market. However, the Chinese government made a strategic decision to invest heavily in the shipbuilding industry, and this investment paid off. By 2005, China had become the world's leading shipbuilder, with a market share of over 30%.

There are a number of factors that contributed to China's success in the shipbuilding industry. These include:

• Government support: The Chinese government provided generous subsidies to the shipbuilding industry, which helped to keep costs low and make Chinese ships more competitive.
• Low labor costs: China has a large pool of low-cost labor, which is an important factor in the shipbuilding industry.
• Access to raw materials: China has abundant access to the raw materials needed for shipbuilding, such as steel and iron.
• Technology transfer: China has been able to acquire advanced shipbuilding technology from other countries, which has helped to improve the quality of its ships.

China's success in the shipbuilding industry has had a significant impact on the global shipping industry. Chinese ships are now found all over the world, and they have helped to make China a major player in the global economy.

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