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(CNN)The first aircraft carrier designed and built in China was launched Wednesday amid streamers and champagne.
The as-yet unnamed vessel isChina's second aircraft carrier. Early on Wednesday morning it was towed from Dalian Shipyard, Liaoning, to a nearby wharf, China's Ministry of National Defense said.
China first announced the construction of its new carrier in late December 2015. State media said it would be "independently designed in China."
News of the launch comes as tensions mount over North Korea, China's unruly neighbor and ally. However, the carrier isn't expected to enter active service until 2020.
A ship is launched when it is first put into the water -- but the carrier still requires considerable work to complete it. Once operational, the new carrier will likely be officially commissioned in a separate ceremony.
Construction began in November 2013, and just over three years later the main hull has been completed, as well as a number of the vessel's primary systems, including power supply.
"Next, the aircraft carrier will debug its system devices and conduct fitting-out as planned, and start mooring tests," China's military said in a statement.
Analyst: China wants 'blue-water' capacity
China's first carrier, the Liaoning, was bought from the Ukraine in 1998. After years of refurbishing and outfitting, it was finally put into service in 2012.
China has the second largest military budget in the world, estimated at $148 billion after a 7% spending increase announced early in 2017.
Analysts inside the country have previously said China needs at least five to six aircraft carriers. The United States currently has 10 aircraft carriers in service, with another about to be commissioned.
The Chinese government's military build-up has unsettled its neighbors and Washington, particularly as Beijing has taken a more robust stance in territorial disputes in the South China Sea.
According to Yvonne Chiu, an assistant professor at the University of Hong Kong, China's navy is trying to enhance its ability to operate globally across open oceans.
"China seeks to become a major world power, and one of the hallmarks of such a status is blue-water capability and the ability to project military might globally," Chiu wrote for CNN in March.
The launch of the new carrier was celebrated with an early-morning ceremony, where the national anthem was played before a bottle of champagne was broken over the vessel's hull.
The ceremony was attended by Gen. Fan Changlong, vice chairman of the Central Military Commission, who gave a speech.
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