The Titanic, a doomed vessel that sank in the Atlantic in 1912, is the most famous shipwreck in maritime history, but not the only one.
Chinese buyers are increasingly buying up American-made ships in an effort to compete with the US steel industry.
The world’s largest steel company, General Dynamics, last year bought a large number of American steelworks, including its largest in California.
In addition, the U.S. military is building its own shipyards.
In its latest annual report to Congress, the Defense Department revealed that it has increased its investment in the United States-made hulls of military vessels to $25 billion since 2007.
“The American-manufactured hulls we are building are being exported to the Chinese military as part of their ongoing efforts to compete for US Navy and Marine Corps contracts,” said a Pentagon spokesperson.
The Defense Department does not disclose its sales and exports figures, but it did say that the increased spending in the past two years reflects increased spending on weapons systems and technology that are designed for use in Chinese military vessels.
“We have always maintained a strong partnership with the Chinese government, and we continue to support the U,S.
Navy and the Department of Defense,” the Pentagon spokesperson said.
China has long been a major consumer of U.s. military exports, especially military aircraft.
The Chinese government has repeatedly said that its military would continue to invest heavily in the U-shaped hulls that were used to build the Titanic.
A 2014 report by the State Department’s Bureau of Industry and Security noted that “China’s shipbuilding industry has seen unprecedented growth and a growing trend in U. S. shipbuilding, with major shipyards such as Shanghai Sichuan Shipbuilding Co. Ltd.
and Shanghai Yuzhou Shipbuilding Corp. Ltd.” building U. and U.Y. hulls.
The U.K.-based trade body of the U and UY hulls industry also reported that China was spending $9.7 billion in 2015 to develop U.y. hull technology, which the company claims is “better than U. s. and Canadian hulls.”
China’s military has also been increasingly looking to U. States for its high-tech warships, and the Pentagon has said it plans to spend $1.5 billion on a fleet of stealthy “stealthy attack” warships by 2020.
“There’s a lot of Chinese interest in UY [U.Y.] hulls,” said Roberta M. Williams, a naval analyst with the Institute for the Study of War, who has worked on U. US-China trade issues.
“That’s a great sign.”