I'm not too worried about their carrier fleet just yet. Their first carrier was an old Ukranian job, and they only recently fielded that one.
http://gizmodo.com/5810137/china-prepares-its-first-aircraft-carrier
ETA: It's not even out yet.
http://gizmodo.com/5810137/china-prepares-its-first-aircraft-carrier
ETA: It's not even out yet.
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