April 17, 2024

How China’s $100B+ Shipbuilding Empire Dominates the U.S.’s

China has transformed into a shipbuilding powerhouse over the past two decades, cementing its status as a major maritime power. In 2023, more than half of the world’s commercial shipbuilding came from China, while the U.S. accounted for less than 1%.

WSJ takes a look at the strategies that led to this growth and examines where the U.S. stands as naval competition heats up.

Tom Shugart joins to discuss. Watch the full interview with The Wall Street Journal.

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