HONG KONG (Reuters) - As looming budget cuts force the Pentagon to plan for a smaller U.S. navy, China is accelerating the launch of new, increasingly capable warships as part of a sustained drive to become a major maritime power.
Shanghai's Hudong Zhonghua Shipbuilding Company late last month launched the fourth of China's new 071 amphibious landing ships according to reports carried by Chinese military web sites and the state-controlled media.
While
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