Clarence Leong
speaker
25 appearances
1 recordings
1 series
first heard Aug 2025
last heard Aug 2025
Clarence Leong’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ What’s News · ‘Honest and Accurate’: Trump Names His Pick for Labor Data Body · 12 Aug 2025
podcast
Beijing has for decades wanted to build up a dominant and world-leading shipbuilding industry.
And given its top-down governance model, it has pulled that off.
Nowadays, Chinese-built ships account for more than half of the global tonnage.
And according to data last year, that share was 55% compared with less than 0.05% for the US.
And so there's this huge gap.
And the US Navy also has data showing that China possesses 232 times the shipbuilding capacity of the US.
Yes, a lot of trade happens between countries and they all rely on these massive cargo vessels to transport the goods.
and it keeps the modern world functioning.
At the same time, shipbuilding is also a strategically important industry because during times of war, commercial vessels will also probably have to play the role of supplying the operations on the front line, for example.
And so that's when having a massive shipbuilding capacity will come in very handy.
especially if the conflict drags out.
And China realizes this.
And so this is why they have poured so much resources into building out this dominant shipbuilding industry that it currently has.
Yes.
Well, perhaps there are two main significance here.
The first one is that, as you said, the U.S.
is in a trade war with China and President Trump also wants to revive American shipbuilding.
And he knows that by doing that, part of the way to do it will be to target Chinese built ships.
And so he has threatened to charge a hefty port fee on Chinese-built ships that call at U.S.
ports.
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