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China Once Bought a Soviet Aircraft Carrier for 18 Million Euros Under the Guise of a Floating Casino.

Summary by Business AM
Key takeaways China expanded its navy through a deceptive purchase of a Soviet-era ship, which served as the basis for its current aircraft carrier fleet. The process began with the purchase of the Varyag, a 60,000-ton ship that was left unfinished after the collapse of the Soviet Union. Because the ship […]
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Key takeaways China expanded its navy through a deceptive purchase of a Soviet-era ship, which served as the basis for its current aircraft carrier fleet. The process began with the purchase of the Varyag, a 60,000-ton ship that was left unfinished after the collapse of the Soviet Union. Because the ship […]

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Business AM broke the news on Tuesday, November 3, 2026.
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