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MH.Yang

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Jul 21, 2021
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You're right in common perception. Except that if the price that china must pay to build 055 is using usd, it will be more expensive than it is now
It doesn't cost US dollars, because every screw is made by ourselves, 100% pure domestic.

Because of this, we spend less, not more.

Our factory builds 12 million tons of ships every year because they only receive 12 million tons of orders, and their production capacity is 10 times higher than this figure

We need not spend any foreign exchange on building warships. We will only need increase orders for our factories and stimulate economic development.

It's better than the USA giving people cash directly. The United States lacks manufacturing. Their government spending will cause prices to rise, but China will not.
Our production capacity is seriously surplus, and the government's spending on warships will only stimulate economic development. We need to import a small amount of iron ore from Russia at most.



By the way, let's remind some common sense:
1,China's proven iron ore reserves are the 4th in the world, 4 times that of India and 7 times that of the United States.
2,China has the 3rd largest proven coal reserves in the world, accounting for 13.3% of the world's proven reserves.
Contrary to what many people think, China is not short of minerals, but we have sealed up most of the minerals without mining. Because we have too much trade surplus, we need to balance trade with the world.

Those who think we rely on external resources will make serious miscalculations in wartime. In addition, our neighbor Russia also has a lot of resources.
 
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CAPRICORN-88

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Aug 19, 2015
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You're right in common perception. Except that if the price that china must pay to build 055 is using usd, it will be more expensive than it is now
:coffee:

How about doing this instead?
USA should order more of its Zumwalt destroyers in US shipyard by opting to pay for them in RMB instead of US dollar then it would be much cheaper, right.

:sarcastic::sarcastic::sarcastic:
 

waja2000

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Jun 30, 2012
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The cost of shipbuilding in China is less than half that in the USA
055's cost is $0.9 billion.
Burke's cost $1.85 billion.

How does the USA respond to this situation?
Relinquish control of the sea?Or double the military spending? 10% GDP,like the Soviet Union?
Arleigh Burke Flight III cost for “complete ship” may up to usd 2.4b each,
 

Brainsucker

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:coffee:

How about doing this instead?
USA should order more of its Zumwalt destroyers in US shipyard by opting to pay for them in RMB instead of US dollar then it would be much cheaper, right.

:sarcastic::sarcastic::sarcastic:
More of if China build Zumwalt destroyer in China shipyard by paying for them in RMB, then Zumwalt cost will be drop significantly. It also the same, if USA build a 055 destroyer in US shipyard with USD, Type 055 price will raise significantly. Even more expensive than Burke Flight 3.

What I mean is, 055 is cheaper than burke flight 3 is not because it is a cheap product, but more of USD - RMB exhange rate matter.

If somehow 1 USD = 1 RMB, even 052D will be seen as more expensive than burke flight 3.
 
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lcloo

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Jul 28, 2010
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More of if China build Zumwalt destroyer in China shipyard by paying for them in RMB, then Zumwalt cost will be drop significantly. It also the same, if USA build a 055 destroyer in US shipyard with USD, Type 055 price will raise significantly. Even more expensive than Burke Flight 3.

What I mean is, 055 is cheaper than burke flight 3 is not because it is a cheap product, but more of USD - RMB exhange rate matter.

If somehow 1 USD = 1 RMB, even 052D will be seen as more expensive than burke flight 3.
Actually it reflects US capitalist profit margin vs Chinese socialist profit margin in warship contracts.

Last I heard state owned shipyards in China are making single digit profit on warships, their main profits comes from commercial ships, but building war ships give them prestige and good publicity.

On the US side huge profit margins are normal, part of it were to be paid to lobbyists in the Capitol Hill.
 
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siegecrossbow

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Aug 19, 2010
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:coffee:

How about doing this instead?
USA should order more of its Zumwalt destroyers in US shipyard by opting to pay for them in RMB instead of US dollar then it would be much cheaper, right.

:sarcastic::sarcastic::sarcastic:
Then you’d be paying the worker in RMB, which is not a livable wage in the US.
 

CAPRICORN-88

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Then you’d be paying the worker in RMB, which is not a livable wage in the US.
That is why today we measured the income and wealth in different countries using PPP exchange rates instead of blindly refering to nominal GDP.

Workers being paid 2 US dollar per day in USA may be considered as slavery but in India, it feeds an entire family.

By understanding the metrics of relative wealth regarding local goods and services at domestic markets instead of a blind comparison of US dollar vs RMB.
An inaccurate and different yardstick.

The best way for Americans to understand this is to compare the prices of burger in both nation.
 

waja2000

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That is why today we measured the income and wealth in different countries using PPP exchange rates instead of blindly refering to nominal GDP.

The best way for Americans to understand this is to compare the prices of burger in both nation.
GDP usually to see scale of economic size of country.
 

MajesticPug

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Jan 29, 2021
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That is why today we measured the income and wealth in different countries using PPP exchange rates instead of blindly refering to nominal GDP.

Workers being paid 2 US dollar per day in USA may be considered as slavery but in India, it feeds an entire family.

By understanding the metrics of relative wealth regarding local goods and services at domestic markets instead of a blind comparison of US dollar vs RMB.
An inaccurate and different yardstick.

The best way for Americans to understand this is to compare the prices of burger in both nation.
Some Americans understand the price differences in hot dogs too, not just burgers.
 

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