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The naval parade on April 24 has attracted world attention to the rapid development of the PLA Navy. It's a showcase of China's best warships. The country is a leader in shipbuilding, outpacing much of the rest of the world. From refitting and import, to manufacturing and export, China's shipbuilding capacity has surged. The industry is rapidly closing the gap with other powers, providing the solid foundation for the navy's leapfrog development.