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Chinese shipbuilding capacity over 200 times greater than US, Navy intelligence says (archive.ph)
submitted 1 year ago* (last edited 1 year ago) by Awoo@hexbear.net to c/news@hexbear.net
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The slide's authenticity was confirmed by a Navy spokesperson, who cautioned that it was not meant to be an in-depth analysis.

The slide shows that Chinese shipyards have a capacity of about 23.2 million tons compared to less than 100,000 tons in the U.S., making Chinese shipbuilding capacity more than 232 times greater than that of the U.S.

The slide also shows the "battle force composition" of the countries' two navies side-by-side, which includes "combatant ships, submarines, mine warfare ships, major amphibious ships, and large combat support auxiliary ships." The ONI estimated that China had 355 such naval vessels in 2020 while the U.S. had 296. The disparity is expected to continue to grow every five years until 2035, when China will have an estimated 475 naval ships compared to 305-317 U.S. ships.

Another section of the slide provides an estimate on the percentage each country allocates to naval production in its shipyards, with China garnering roughly 70% of its shipbuilding revenue from naval production, compared to about 95% of American shipbuilding revenue.

Because of China's centrally planned economy, the country is able to control labor costs and provide subsidies to its shipbuilding infrastructure, allowing the Chinese to outbid most competitors around the world and dominate the commercial shipping industry, Sadler said.

Alternative title - "Central planning is more efficient than markets" confirms US Navy

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[-] usernamesaredifficul@hexbear.net 48 points 1 year ago

extremely critical support for Reagan and Ayn Rand for their tireless efforts to cripple American industrial capacity

[-] star_wraith@hexbear.net 29 points 1 year ago

Capitalism in the US had to evolve into the neoliberal finance capital outsourcing capitalism by the 80s. The by the 70s the economic growth from rebuilding industrial capacity globally was spent. Capitalism in the US was experiencing a massive profitability crisis, and finance capital and outsourcing (what I think of as the two pillars of neoliberalism) was how that contradiction was resolved.

But now neoliberal has squeezed as much juice out of the orange as it can. What happens next is up for grabs…

this post was submitted on 21 Oct 2023
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