Chinese shipbuilding growing from a sheep to an elephant

In mid-late1990s, China overtook Germany for the first time becoming the 3rd largest shipbuilding country in the world, and this situ- ation has continued up to now for some ten years. During this period, what changes have hap- pened to the status and nature of the world No.3?

In mid-late 1990s,China overtook Germany for the 3^rd largest shipbuilding country in the world,and this situation has continued up to now for some ten years.During this period ,what changes have happened to the status and nature of the world No.3？