China

“China can now produce the rest of the world in terms of ships, and they just keep taking that capacity by undercutting the world on price in the commercial market.”

“China outbuilds the United States 230 to 1 across all shipbuilding and holds 57% of total global shipbuilding capacity.”

“If there are things that keep Xi Jinping awake at night, I think one of them is his awareness that in any kind of conflict with the United States, China would face being cut off”