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"Whatever China’s intentions, what is beyond doubt is the exponential growth of the Chinese navy, which can now field 66 submarines, an undersea arsenal the Chinese government is intending to increase to 78 by 2020 as planned, putting it roughly equivalent to the U.S. Navy's submarine forces in numbers, if not in quality. Furthermore, China's defense budget is growing nearly 10 percent annually and China's first aircraft carrier, a renovated Soviet vessel, has begun its second set of sea trials from its Yellow Sea port in Dalian in northeastern China. The 990-foot-long former Soviet Kuznetsov-class carrier, originally called the Varyag and now apparently renamed the Shi Lang, was completely overhauled and is currently based in China’s northeast Dalian port. It is perhaps not coincidental that "Shi Lang" was a famous 17th century Chinese admiral who conquered Taiwan."
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