This is not breaking news, but an interesting item in the Wall Street Journal highlighting that despite all of China's economic woes it remains a massive global industrial power.More than half of the world’s commercial shipbuilding output came from China last year—making it the top global shipmaker by a wide margin. The once-prolific shipyards of the West that helped forge empires, expand trade and win wars have shriveled. Europe accounts for just 5% of the world’s output, while the U.S. contributes next to nothing. Most of what China doesn’t build comes from South Korea and Japan.The Journal piece (gated) goes on:China’s military planners have leveraged all that to build up the world’s larg
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