The Type 037 corvette is a series 400–500 ton corvette type classes in service with the People's Liberation Army Navy. Unlike western navies, the People's Liberation Army Navy does not have dedicated patrol boats in its inventory. Instead, a large variety of corvette type classes, in the form of missile boats and submarine chasers fulfill the tasks of patrolling China's territorial waters. The Egyptian Navy operates eight vessels.

A missile boat or missile cutter is a small, fast warship armed with anti-ship missiles. Being smaller than other warships such as destroyers and frigates, missile boats are popular with nations interested in forming a navy at lower cost. They are similar in concept to the torpedo boats of World War II; in fact, the first missile boats were modified torpedo boats with the torpedo tubes replaced by missile tubes.