Defense Industry publication from earlier this year; Chinas Official Military Budget to Grow by 17.6% in 2008 Aircraft carrier expected to be in service in 2010 Likely two carriers, one purchased from Ukraine under the premise it was merely their new floating casino, Kuznetsov Class - Project 1143.5 Seems somebody changed their mind. Instead of conversion it's being refitted for duty http://www.centurychina.com/plaboard/uploads/varyag_clear_3.jpg Reportedly there's also a clean sheet design in the works, so actually there are two carrier programs underway. The former Soviet Navy carrier for 2010 with the Chinese supercarrier(s) to follow; China to build 93,000-ton atomic-powered aircraft carrier: source : International : Home Since "Free Trade" has make the PRC rich it's a pretty logical course of action. I wonder if they'll use them for peacekeeping duty? Sooner or later the new world's superpower is going to be democratic, right? That was one of the "Free Trade" selling points..