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How China’s Navy Scammed Its Way Into Aircraft Carriers

Key Points and Summary – China acquired its first aircraft carrier, the Liaoning, using deception. In 1998, a Chinese businessman and ex-PLA member, Xu Zengping, acted as a “front” for the Chinese Navy to buy the incomplete Soviet carrier Varyag from Ukraine for $20 million. To bypass prohibitions on military sales, Xu “concocted” a cover story that he was buying the hull to be a “floating casino and theme park.” China Aircraft Carrier in Port. …

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nationalsecurityjournal.org broke the news in on Friday, November 7, 2025.
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