BTW, this is where all of our money to China is going:
Two new modern and stealthy, Type 054A guided-missile frigates were launched with the 3rd, 4th, and 5th building. More than twenty are projected.
A new, large LPD amphibious assault vessel, Type 071, was built and launched in 2006 by the PLAN.
Two new, improved Project 956, Hangzhou guided-missile destroyers were delivered to the PLAN in 2006, bringng to four the number in service.
Many more stealth catamaran FACs were built during 2006.
By way of reference, in general numbers, over the last five to six years, the PLAN has built and launched over 80 new major surface combatants for its fleet. In that same time period, they have not decommissioned any major surface combatants, meaning they have added 80 major surface combatant vessels to their inventory. In that same period, the US Navy has built 46 new major surface combatants. At the same time, the US Navy has decommissioned 49 major surface combatants, many of them with 10-15 years of service life remaining, meaning a net loss of three major surface combatants in this period.