03/19/2023: The State of the Navy and Only in America
60 Minutes
00:00
China's Shipbuilding Program Is a Booster for the US Navy
China will have about 440 ships by 2030, according to the Pentagon. China's Navy piggybacks on a booming commercial shipbuilding industry kept afloat by generous state subsidies and inexpensive materials. In the United States, it's a different story. After the Cold War ended, many of the yards where ships were both built and maintained closed down.
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