Reported in the Defense Blog "Information Dissemination" The Chinese Navy has refloated the Ex Soviet Carrier Varyag. The carrier had been in dry dock since 2005. It is reported that carrier has a new propulsion system installed and much of the carrier's interior has been redone. Plus the island has been modified to incorporate some type of AESA radar.
The ship was purchased back in 1998 from the Ukraine to be reportedly used at a floating casino. Recently China had constructed a mock Varyag island and deck at one of its Naval Air Bases.
So it is looking more likely that it will re-enter service sometime in the next few years. It will be interesting how this will change the USN and Taiwan’s approach to China's Blue Water expansion. http://www.informationdissemination.net/
"It was a perfect attack, Right Height, Right Range, Right cloud cover, Right speed,
Wrong f@%king ship!" Commander Stewart-Moore (HMS Ark Royal)