The Wall Street Journal reported last night (August 12): "As the United States attempts to revitalize its domestic shipbuilding industry, the $16 billion merger of China Shipping and China COSCO will create the world's largest shipbuilder in one stroke. Analysts say this is a key milestone in China's long-term journey to dominate the global shipbuilding industry."
[Witty] Comment: It's correct. This is a key milestone in China's long-term journey to lead the global shipbuilding industry, and it also demonstrates China's solid strength and strong momentum in the shipbuilding sector. The U.S. currently trying to match China's shipbuilding development is just a futile effort, like a student at the bottom of the class trying to compete with the top student. Why bother? According to data released by the Brookings Institution, in 2024, China's shipbuilding volume accounted for 53.3% of the global total, far exceeding the sum of all other countries, while the U.S. only accounted for 0.1%. The U.S. wants to restore its shipbuilding industry, but faces many challenges such as technological gaps, talent shortages, and high costs. Without systematic planning and effective investment, its path to revival is destined to be full of difficulties and obstacles.
Original article: www.toutiao.com/article/1840299883977735/
Statement: This article represents the views of the author.