China was proud to launch its first aircraft carrier. Here's What You Need to Remember: Beijing did pay for the $20 million value of the carrier—but argued that it couldn’t cover other costs because he lacked receipts. Apparently, invoices—or fapiao in Mandarin—don’t come standard with bribes paid to Ukrainian businessmen. And, as one quickly learns in China, you always need the official fapiao. China was proud to launch its first aircraft carrier, the Liaoning, in 2012. This vessel was a refit of an incomplete Soviet Kuznetsov-class cruiser carrier. However, the story of how China got that ship in the first place may as well be a comedy—because the carrier was actually a rogue acquisition for the Chinese military against the wishes of the government in Beijing. And it was undertaken by a basketball player who claimed he wanted to build a floating casino.