Will China's New Aircraft Carriers Spark a Multibillion-Dollar Weapons-Buying Bonanza?

China has an aircraft carrier -- but that's not all it's got.

Last month, we outlined for you China's plans to take its first, experimental aircraft carrier, the Liaoning, and build upon it a new blue water Navy boasting perhaps as many as four separate, full-sized aircraft carriers. It's what the country intends to do with these ships that's making its neighbors nervous.

This week, The Wall Street Journal reported on recent maneuvers by a Chinese "flotilla" consisting of two guided missile destroyers, an amphibious attack ship, and a presumed escort of unseen submarines.

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