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WSJ What’s News

The Military-Industrial Battle Between the U.S. and China

WSJ What’s News

The Wall Street Journal

News, Daily News

44K Ratings

🗓️ 1 June 2025

⏱️ 13 minutes

🧾️ Download transcript

Summary

Modern warfare is a contest of industrial might. China has spent decades assembling an industrial base at an unmatched scale, from shipping to advanced electronics. But although manufacturing power helped the U.S. win World War II, America now would struggle in a production battle. WSJ senior reporter Jon Emont discusses how China's economy fueled that buildup, what it means for China’s economy, and where that leaves the U.S. Alex Ossola hosts. Further Reading: America Let Its Military-Industrial Might Wither. China’s Is Booming. The Fortress That China Built for Its Battle With America Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

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your credit. Terms and conditions apply. Hey, What's News listeners. It's Sunday, June 1st. I'm Alex

0:35.2

Osala for the Wall Street Journal. This is What's News Sunday, the show where we

0:39.1

tackle the big questions about the biggest stories in the news by reaching out to our colleagues

0:43.7

across the newsroom to help explain what's happening in our world. On today's show, over the past

0:49.3

decade or so, China has ramped up its investment in some strategic industries.

0:54.3

The country has come to dominate the manufacturing of products from basic chemicals to advanced

0:59.6

machinery, most of which would be vital in wartime.

1:03.2

Today we get into how China's economy fueled that buildup and how U.S. manufacturing is losing

1:08.7

the production battle.

1:11.6

Modern warfare is, in a sense, a contest of industrial might.

1:16.6

After all, that's how the U.S. won World War II by making more of everything from bullets

1:21.9

to food than its enemies.

1:23.9

But today, the U.S. lacks that kind of manufacturing heft. China, on the other hand, has got it in droves.

1:31.0

For years, China's leader Xi Jinping poured money into developing strategic sectors, from shipbuilding to mining and processing critical minerals.

1:40.2

Faced with a war, China would be well positioned. And with tensions rising between the U.S. and China,

1:46.3

the two countries' output is coming into focus as a front line in any conflict. Now, that's not to say

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