A review of the key elements that determine maritime strength—naval forces, overseas trade, merchant tonnage, and fishing, for example—would indicate that the People's Republic of China (PRC) has the potential to be a third superpower.
"The People's Republic of China and The Law of the Sea: Caracas 1974 and Geneva 1975,"
Naval War College Review: Vol. 28
, Article 8.
Available at: http://digital-commons.usnwc.edu/nwc-review/vol28/iss4/8