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Inside America's $66 Billion Bet To Beat China's Shipbuilding Empire
The United States is investing $66 billion in an effort to revive its shipbuilding industry and challenge China's dominance in commercial and naval ship production. China currently builds far more ships than the US, and the plan signals a major push to rebuild American shipyards, workforce and industrial capacity, drawing attention to the widening maritime gap between the two powers.
Why now: Rising US-China rivalry and concern over America's shrinking shipbuilding capacity have made this massive investment plan a hot topic.
Evidence
- Inside America's $66 Billion Bet To Beat China's Shipbuilding Empire · Business Insider · 1.0M
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