And as a result, the United States today accounts for 0.1%, 1/10 of 1% of global shipbuilding. China, on the other hand, now makes more commercial ships than the rest of the world combined. In fact, One of Beijing's state-owned firms built more commercial ships just last year than all of America has produced since the end of World War II. So while we remain the leader in technology and innovation, I think there are troubling signs on the horizon. (05:21–05:31)
CLAIM
Asserts that a Chinese state-owned firm built more ships last year than the U.S. has since WWII.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
