China’s shipbuilding industry has significantly outpaced that of the United States, becoming the dominant force in global shipbuilding. With over half of the world’s commercial shipbuilding output in 2023 coming from China, the country has leveraged its massive shipyards and substantial financial investments to expand its naval capabilities and commercial ship production. This growth has implications for the U.S., particularly in terms of naval preparedness and the ability to sustain maritime operations during prolonged conflicts. The video explores the scale and scope of China’s shipbuilding empire, comparing it with the U.S.’s dwindling shipbuilding industry, despite a significant naval budget.
- In 2023, China accounted for more than half of the world’s commercial shipbuilding, while the U.S. contributed less than 1%.
- China has over 200 times the shipbuilding capacity of the U.S., with significant investments amounting to over $100 billion into its shipbuilding industry.
- The U.S. Department of Defense reported that China had over 370 battle force ships in 2023, surpassing the U.S. by about 78 ships.
- China’s naval fleet is expected to grow to 435 ships by 2030, while the U.S. fleet may remain the same size or decrease.
- The U.S. has more active aircraft carriers, 11 compared to China’s two, allowing for greater power projection over vast distances.
- China is making strides in reducing the technological gap with the U.S., as seen in the progress of its third aircraft carrier and other naval vessels.
- The U.S. shipbuilding industry has faced a decline since the 1980s, with a significant drop in commercial shipbuilding and dependence on naval contracts.
- U.S. shipyards face challenges such as backlogs, a shortage of suppliers, and rising costs, affecting their profitability and efficiency.
- China’s dual-use shipyards can produce both commercial vessels and military ships, aiding in its rapid naval expansion.
- French shipping giant CMA CGM and Taiwanese company Evergreen Marine have awarded multi-billion dollar contracts to Chinese shipyards for commercial ships.
- China’s ability to quickly replace lost ships and repair damaged ones gives it a strategic advantage in potential conflicts.
- The U.S. is investing heavily in shipbuilding and maintenance to maintain its naval capabilities, with Congress adding an extra $24 billion over eight years for warships.
- Despite China’s growing fleet, U.S. submarines and ships maintain a technological and firepower advantage, though the gap is closing.
- The U.S. Navy’s future plans require a substantial increase in the naval budget to enhance shipbuilding and maintenance capabilities.
- Partnerships with allies like Japan and South Korea, leading producers of commercial and military vessels, may be crucial for the U.S. to ramp up its shipbuilding efforts.
The Wall Street Journal is an American business and economic-focused international daily newspaper based in New York City. The Journal is published six days a week by Dow Jones & Company, a division of News Corp.
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Original video here.
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