New York Times Chinese Edition reported today (May 28th): "Trump hopes to revitalize the declining American shipbuilding industry, but it takes much longer for the U.S. to build ships than in Asia, with costs nearly five times higher. Some officials are concerned that China is gaining an almost indestructible strategic advantage in shipbuilding."
[Wit] Comment: It makes no sense for the U.S. to benchmark against China now. Does the student at the bottom of the class need to compare with the No. 1? As shown in Figure 2, China's shipbuilding volume accounts for 53.3% of the global total, exceeding the combined total of all other countries, while the U.S. shipbuilding volume only accounts for 0.1% of the global total. The only way for the U.S. to revive its shipbuilding industry may be to take over the entire shipbuilding industries of Japan and South Korea. Can Trump do this? Would Japan and South Korea compromise?
Original article: https://www.toutiao.com/article/1833331181817928/
Disclaimer: This article only represents the author's personal views.