China's Shipbuilding Dominance Challenges U.S. Security and Economy
A new report highlights China's rapid rise in global shipbuilding, its military-civil fusion strategy, and its implications for U.S. naval power and trade policies.
- China now accounts for over half of global shipbuilding output, with its state-owned China State Shipbuilding Corporation (CSSC) central to both commercial and military production.
- The U.S. shipbuilding industry has declined to just 0.1% of global market share, posing significant national security and economic challenges.
- The Chinese navy, supported by dual-use shipyards, has surpassed the U.S. Navy in fleet size and is projected to reach 425 warships by 2030.
- The Trump administration has proposed fees of up to $1.5 million for Chinese-made ships docking at U.S. ports as part of broader efforts to counter China's dominance.
- Experts suggest rebuilding U.S. shipbuilding through tax incentives, investments, and collaboration with allies to reduce reliance on Chinese-built vessels.