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This article traces the complete development trajectory of steam turbines from ancient prototypes to modern large-capacity units, compares the development history of the steam turbine industry in Europe, the United States, Russia, and Japan, and details the full story of China's domestic steam turbine industry starting from 1955 and the technological breakthroughs made by the four major power equipment manufacturers. Through a comparison of technological development between China and foreign countries, it showcases the journey of China's domestic steam turbine industry in catching up and surpassing, and summarizes the core directions of technological iteration in the industry over the past century.