In 1998 this Chinese org. abbreviated PLA was ordered to sell off all its non-defense assets
It 
consists of... [DOC] [TLE] Full text of "145117 China Naval Modernization Implications for U.S. ... [PAR] 1 U.S. Department of Defense, Annual Report to Congress [on] Military ... Its navy 
is called the PLANavy, or PLAN (also abbreviated as PLA[N]), and its air force ... 
4 China ordered its first four Russian-made Kilo-class submarines in 1993, and 
..... on page 45. which shows the submarine force leveling off in size around 2015
.