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Reviving Shipbuilding: Innovation Needs Capital and Labor

3/2/2026

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Summary

Story summary

Li Yanqing, executive vice-president of the China Association of the National Shipbuilding Industry, says investment alone cannot revive shipbuilding, even as U.S. President Donald Trump plans to revitalise American shipbuilding.
He identifies capital, labor, and technological innovation as the three essential factors for shipbuilding's success.
He argues that innovation must be supported by a strong foundation in these areas to be effective.

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Story summary

Li Yanqing, executive vice-president of the China Association of the National Shipbuilding Industry, says investment alone cannot revive shipbuilding, even as U.S. President Donald Trump plans to revitalise American shipbuilding.
He identifies capital, labor, and technological innovation as the three essential factors for shipbuilding's success.
He argues that innovation must be supported by a strong foundation in these areas to be effective.