“By 2020, the Chinese navy will have more military vessels than its American counterpart, predicts a U.S. congressional commission on China. An annual report presented to Congress by the U.S.-China Economic and Security Review Commission projected that Beijing’s fleet could boast as many as 351 vessels in six years time, a figure that would be larger than current estimates for the American navy.”
Source: China will have more warships than the U.S. by 2020, says report – The Washington Post