In the latest step in its naval modernization and expansion, China recently announced that it is accelerating serial production of an advanced destroyer. This will tilt the regional balance of power at sea in its favor and put it in a stronger position to enforce its sovereignty claims over Taiwan and in the South and East China Seas.

Yet the significance of this development and earlier moves to re-shape the Chinese Navy has tended to be overshadowed by seemingly more dramatic news about China's refurbished Soviet-era aircraft carrier, which has just completed its 10th sea trial. The carrier has also had the hull number "16" painted near its bow, suggesting that it may be closer to being named and commissioned.

In fact, if the 60,000-ton carrier becomes the nominal flagship of the Chinese Navy, it is still quite a way from operational readiness. Even in service, it will have a limited role, mainly for training and evaluation before the expected launch of China's first home-built carriers after 2015.