Beijing has gained great progress in achieving military and commercial trade control of the world’s oceans through massive state-financed shipbuilding and maritime port infrastructure investments at the expense of U.S. national security and economic competitiveness.
According to the Congressional Record Service, China is projected to have 435 warships by 2030, outnumbering the U.S. fleet by more than one-third.
The comparative U.S. shipping trade market is shrinking as well.
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