Read more about how Chinese shipyards are thriving and primed to build at wartime rates, while U.S. shipbuilding is in disarray on.wsj.com/3Um68Fa

The heart voice of WSJ: China should make shoes, socks and T shirts forever, not ships.

America：On Mondays, Wednesdays, and Fridays, it's the China-collapse theory; on Tuesdays, Thursdays, and Saturdays, it's the China-threat theory. Sundays are for rest and relaxation.🤣🤣

This can't be right. The Economist keeps telling me China will collapse economically at any moment.

US has more than 300 military bases surrounding China, and you blaming China for building ships.

Is the US going to complain about China over-capacity on ship building, too?

Is it all China's fault again？？？？？？？

Recently bought some recommended stocks and now they are just penny stocks. There seems to be more negative portfolios in the last 3rd half of 2023 with markets tumbling, soaring inflation, and banks going out of business. My concern is how can the rapid interest-rate hike be of favor to a value investor, or is it better avoiding stocks for a while?

Yeah, building 51% of all ships means they build more ships than the rest of the world combined.

The real problem is China main focus is always on the commercial side. While US main focus is military. One actually makes economic sense, while the other just drains the tax payers. 😭

If USA does not spend $3 trillion for wars in the past 2 decades, USA can have a decent shipbuilding industry

Anything that US can’t do, must be China’s faults. Sounds so familiar these days.

China had been building the largest and most elaborate naval fleet in the world during the Ming Dynasty before America even existed.

"10 years ago" *shows 2003*

this story failed to mention US never achieve market dominant in commercial ship building cause the quality and cost simply not competitive on a global scale

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US can't stop thinking about war 😂

That’s an industry, not an empire. Read a book, WSJ.

Oh?? I thought China is copying??...China dominates Ship building, Steel manufacturing, Solar Panels, EVs, Smart phones, High speed internet... just to name a few. How can it copy all of these, if they are ahead of everyone combined? There is 2 Chinese markets, the cheap copy cat ones and the highest quality ones.

American media: Sees a shipyard, immediately wonders how to beat them in a war.

US is run by mainly lawyers whereas in the China leadership many are engineers. I am an engineer too. To build ships I know the following facts (all information are from Internet and youtubes videos but be fact checked with data in public domain) (1) Ships are built using mostly steel. China overtook Japan in 1996 to become the world’s biggest steel producer when Japan made over 100 million tonnes and US was the next with 95 million tonnes. China has since been the biggest steel producer consecutively for 28 years. In the last 4 years China made more steel than the rest of the world combined while the latest steel production of US in 2023 was 80 millions tonnes or even smaller than 28 years ago! (2) To make ship one needs electrical power and at competitive price. In 2023 the published electricity tariffs shows US tariff is 2.25 times of China who has been able to maintain the cheapest electricity among the industrialized nations for decades. China is the world leader in renewable energy in each of hydro, wind and solar. Last year in 12 months alone China installed 217 GW solar power which is more than the national total of any country. The second runner-up US at the end of 2023 has just 179 GW solar power capacity. (3) To be able to build ships a nation needs order to keep the industry going. In 2005 China was the 4th largest shipbuilder with just 13.4% world market. In tonnage China built only 1/3 of what South Korea did then. In 2017 China became the world leader in shipbuilding. In 2023 China delivered ships globally 50.2%, received new global orders 66.6% and global orders still on hand 55%. US has never been a global shipbuilding competitor since WW2. (4) To run a large manufacturing global industry a nation needs manpower. To start China has a population 4 times the US. More crucially to build ships engineers are essential. It was reported in Internet that in the 10 years period between 2013 to 2022 China had produced 1.7 million graduate engineers at the time the US turned out 120,000 (ratio 14:1). The general shortage of suitable engineers was only exposed after TSMC could not fill its vacant positions when starting up a new semiconductor plant in the US. (5) Cost of a naval ship built in the US has been reported 4 times of China. This was from a report by the American navy! (6) Any large industry competing internationally must rely heavily the support from a large domestic market. China in 2023 has owned 249.2 tonnes vessels, globally 16.9%, overtaking Greece’s 249.0 million tonnes, globally 15.8%, to become the world’s biggest owner of ships. Thus China also has the world’s biggest merchant navy fleet now. When a ship docks it needs ports. Out of the world’s 10 biggest ports 7 are in China. The Chinese port in Shanghai handles more goods than the entire fleet of ports in the US. (7) The organic shipbuilding in China is a natural progression to support the economy and trades. Its navy is just a complimentary by-product. Like China in 2023 became the world’s biggest car exporter and found itself having almost no Ro-Ro ferry to export its Evs. So BYD immediately put in an order of 8 Ro-Ro ferries and is making use of the first one just delivered. In contrast the US has no need to expand it navy for defence because there has been zero external attack. Its navy has been used just for the purpose to defend American’s interest. In reality US acts hrgrmonically to harass other weaker countries as the self-elected policeman and executioner of the world. However with the biggest national debt of over $34 trillion increasing at a rate of $1 trillion every 100 days US is hard up to re-vitalize its shipbuilding except by enlarging it debt burden bigger to sink itself even faster downwards.

yo why the USA fund Israel video comment section is turned off 😂

So many things to cry for the US: 1) Ship Building 2) 5.5G, 6G 3) Hypersonic missiles 4) Yuan currency swaps 5) 7nm, 5nm... semi-conductor nodes 6) Tiangong Space station 7) Upcoming chinese base on moon 8) Zhurong rover on Mars 9) Electric vehicles 10) EV batteries 11) Solar panels 12) Huawei 13) Comac 919 and many more. Cry me an ocean US.

Bro China is playing Civ in real life and just pulled a harbor adjacency bonus 😭+100%

This video was posted yesterday? China's 003 aircraft carrier was launched on June 17, 2022, two years ago...

Shipbuilding industry is an interesting one, which is Capital, Technology/Engineering and Labor intensive simultaneously and you know which three the US misses. Unlike what WSJ portrayed, the commercial ship building center transitioned from Europe->Japan->South Korea and now (partially) China. US never dominates it and is always MIC driven.

They forgot about supply chain. For all this to work, a robust supply chain and logistics to the the parts to the shipyard timely and efficiently as possible

Ship building will never return. End of the story.

This ad has been brought to you by the naval shipbuilding contractors of America...

You cannot talk about US shipping without talking about the Jones Act.

Yo insane fearmongering content drop!!!! Can’t wait to see what’s next

ships can be used for leisure, for transport, for cargo, etc. how come this video only talks about war?

戴琦那边说要对中国造船业发起调查，这边就跟上接着舆论配合，但是我怎么感觉还是那一套没新意的老说辞--“我美国制造业竞争不过中国，不是因为我成本高，产业工人少，而是你们补贴了”。首先，美国的民用造船业从来就不行，即使在上个世纪也无法与欧洲竞争，美国厉害（目前也是最强）的是军用造舰，民用造船落后跟你里根政府补贴与否没有关系。第二，随着美国制造业外流导致产业链断裂和熟练的产业工人流失，美国想要维持现在军用造船的成本也已经非常高了，造同规格的舰艇中美之间的费效比是1:5甚至更高，这点让美国压力很大。第三，造船业是资本密集，劳动密集，技术密集，资产密集的产业，中国能以更低的成本运行下去，那是因为配套产业链成熟了，规模效应做起来了，上海有钢铁厂有大量的船用机电设备厂商可以很低成本地组织生产，同时一大批造船工人愿意辛辛苦苦加班加点累死累活地帮全世界造你们觉得利润很低的船。没办法，中国只能从这些做起去赚钱，毕竟美国只想去搞高利润的军舰，开到全世界耀武扬威配合你们的金融业发大财。美国现在觉得中国造船太多了，把军用造船搞起来了，又不乐意了，只能搞点嘴炮装模作样调查一下咯。

If the "world's greatest democracy" weren't so obsessed with waging war and having military bases on every continent, it might be capable of making a microwave oven, or a TV.

I worked at a shipyard in San Diego for 2 months. There was no overtime offered, the pay was so low I couldn’t survive in San Diego. I had to quit and go back to my old job

Don't forget the craftmen, engineers & designers required for shipbuilding.

When America do things its called analyzing. When China does things its called copying. 😂

The Chinese state system certainly has some advantage in manufacturing e.g. lower cost, higher efficiency and etc. it has become a dilemma for the US and it’s adapting protectionism to cope with China Shock 2.0 which seems a bit hypocritical because the US used to promote so called free trade/free market so hard…

One side always complains, criticizes and bad mouths the other side all the time. The other side diligently gets things done.

us ship building was never competitive since Jones act, which was more than 100yrs old by now. even around WII, which was the highlight moment of us shipyards, they built ships at twice the average global cost. now, us ship building cost is more than 10 times the global average.

so only one country in the world can use subsidy?

Why does every industry channel only ever cover how "China is dominating the U.S in _________" I have genuinely never seen it the other way around lol

They always mention the 11 US carriers. But they are OLD. Only one carrier was recently built. The other 10 is between 30 to 50 years old. Only 4, maybe 5 of the US carriers is seaworthy at anytime.

Keep going China....u have best of luck from a random Indian :)

That just one of shipbuilding port of China they have many more

China appears to be the number one economic power house

Beating those war drums again WSJ?

When your opponent criticizes you, that means you are on the right track, so focus on self improvement no matter what they say

Britain had the largest navy in the world until they stopped being the superpower....

China is produced the most steel on earth that why the Chinese are able to build ships very fast, vertical intergration.

232 times over the US in 2023. There are over 1,200 shipyards in China.

“Too many ships are past their prime” 4:49 Shows what seems to be the USS Texas Battleship which hasn’t seen service since WW2.

How are salaries/ wages completely absent from this story? This work in the USA is heavily unionized and workers are making +$100,000 USD salaries. (Personally, I think this is positive.) Average shipyard salary in Shanghai is ~$10,000 USD. So CSSC can hire 12 to 20 workers for the same $ as 1 worker in California. Of course they're going to be able to build more!

“USTR Initiates Section 301 Investigation of China’s Targeting of the Maritime, Logistics, and Shipbuilding Sectors for Dominance” Then, there is a video.

China is building 4 type 055 destroyers at the same time right now while the USS Constellation is still on PPT

Admire the courage of wsl for not turning off comments 😂

The video claims that shipbuilding is "repetitive" but it's actually one of the least. Every ship usually has customizations from the client even if it may be based on a common platform; it's not like mass-producing widgets that all have the same specs.

US boat builders or military vessel are facing a backlog vs China "overcapacity" ships building. Why?

Thanks Reagan 👍

I’m struck by how the US is always focused on building its military capabilities instead of focusing on commerce. trade ie essentially peaceful friendly activities. As opposed to it’s never ending war mongering inclination

The Jones Act was meant as an indirect subsidy to the American ship building industry. Without the direct subsidies we neither have our cake nor eat it. The US Government needs to decide, either end the Jones act (thereby reinvigorating domestic water trade) or resume subsidies to ship building (which would by ludicrously costly).

Even if US wanted to upgrade or build boats, it cannot. Where are the manpower to build the boats? Maybe, refugees from South American or Philippines.

Can't the U.S. stop eager for war? 🤦🏻‍♂🤦🏻‍♀

Feels like the statement "The US used to dominate the X industry in YYYY, but ever since YYYY, that industry has gradually dwindled away" is becoming more and more frequently used.

South Korea: We can produce some ships for you, U.S. 😊😊

China don't know producing items in small quantities 😂😂

We're comparing the no 1 ship builder with the country that does 1%? Why not compare China and Korea?

Shipbuilding capacity won the Pacific War 80 years ago, the U.S has a lot of catch-up to do if it wants to win/prevent the next one.

In short, size does matter. Even an elephant can be killed by millions of fire ants attacking it all at once. If China were to use its shipyards to manufacture cheap AI-powered kamikaze submersible drones at breakneck speed, a 200x difference in production capacity would be a significant advantage. Even the most advanced US ships would be vulnerable to wave upon wave of drone attacks, which could potentially sink the carrier group near China water. China's military production output is what the USA used to be, and potentially even larger than the USA ever was during WW2 in comparison.

For over 200 yrs the sun never set on the British Empire but it does. For US, it is at the edge of 200 yrs. For China it is just the beginning of a 200 yrs cycle.

US sits around and complains; China focuses its energy on building difficult things consistently.

Perhaps US Navy can make a contract let CSSC making next generation aircraft carrier for them.

The video implies if China wants more warships, it can get as many as one can imagine

China: builds commercial ships, does business The US: OMG WHAT IF WE GO TO WAR?

Imagine working in that ship thats easy to replace when lost. Rich people are playing a video game.

People keep saying that the US have a better quality of warship but people forget that quantity is a quality all on its own. The number can overwhelm US warships

The USA is *hopelessly* behind China in shipbuilding capability. It simply cannot provide enough funding to allow the USA to catch up to China. Let's remember that the USA has a $35 trillion national debt (growing by $1 trillion every 100 days).

值得關注的議題

In ww2 the usa built a ship yard, the town for its workers and all the roads and infrastructure in 6 months. With competent leaders the USA could ramp up production very fast.

US Carriers are dinosaurs...hypersonic missiles now rule the waves.

What exactly is the point of large Navel vessels after the advent of inter-cotenitial ballistic missiles?

Too many people do not understand economics. The "Unfair" subsidies China gives businesses that show they are capable is something the US does as well. Always has. With a small exception, China expects a RETURN on their investment from the subsidies they spend meanwhile the US corporations just expect an endless money well. That is why the US (and EU to some extent) are struggling so much all the "profit" subsidies, tax breaks etc make possible do not go to the government. Honestly, the US is the worst investor in recorded history. The only reason they still exist is because they have the monopoly on the dollar and on violence.

In summary, China should not do anything better and stay poor, whereas USA should always be making all the money and be rich.

Doesn't help that the US Navy went with not one, but two types of LCSs and is trying to get rid of them asap.

China is going to come out for 4 nuclear powered type 004 carriers by 2030

The truth is the cost of labour in US is exorbitant. It is losing in state of the art technology to China. Supply chain chips & rare elements is probably another factor.

Shipbuilding industry is not just about shipping. It's entire industrial chain from steel to ship. There's hundreds of supplier is needed to support 1 shipyard. You can actually link comprehensive national strength with ship or aircraft manufacturing capability. United States has aircraft advantages now.

It seems every time we hear about something wrong the US did that ruins things for us now it was because of Reagan. That guy seriously destroyed so much of what made America amazing.

I believe the commercial ships China built are according to military standards. In the event of war, many of these ships can be quickly converted into frigates and warships.

How can you build something better when you dont build them regularly?

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When the state of your shipbuilding is calamitous, you just have to contain your competition by any means necessary. For instance, you could create tensions in Taiwan, Philipines, Myanmar, Middle East, Korea, Armenia, Ukraine...

The US government needs to reinstate subsidies to help revive its shipbuilding industry and emulate China's civil-military fusion strategy to improve economies of scale and speed of construction. .

So the 10years ago is 2003？

The level at which incompetence is just accepted in America is simply sad. I should start a shipyard at some point.

Well done 👏👌

It was talking about the shipping building, and then talk about navy and missile....

4:50 I think the USS Texas was a relatively poor ship to pick for the photos of aging ships.. considering she's a museum ship that just rewent retrofits.

every empire falls, then rises another. thats just how it is

It is worthwhile for China to build so large a shipbuilding capacity because it is the most modern in the world with the highest labor productivity.