According to the BBC, the People's Republic of China has completed plans to build its first lunar orbiter, which it intends to launch by 2007. The vehicle, an unmanned scientific probe, is to commence development next month. For details, see this article, dated August 12, 2005.
Additional source: Reuters article, dated August 16, 2005.
Comment: As has been noted in several sources, the fact that the U.S. faces another competitor in space may be the reason for renewed interest in the final frontier. Many have noted that the Apollo missions arose from competition with the Soviet Union, and now, we see that Project Constellation beckons. Perhaps history is repeating itself as we speak.
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