… their own money into doing these things without feeling like they're going to lose their shirts on the deal? Yeah, look, I think it's a very big challenge, right, Because China subsidizes a number of industries, including shipbuilding. Why all of a sudden stuff happened. Etcetera I think at the end of the day, American ingenuity and capitalism, I think that system is much better than a controlled system. (04:57–05:02)
CLAIM
Asserts that China provides subsidies to several industries, including shipbuilding.
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.
