I think a sensible armament and sensor outfit would be:
32 UVLS
8 slant launch AShM (or 8 amidship VLS for AShM)
CIWS any combination of H/PJ-11 or HHQ-10.
Single or two face rotating AESA, about the size of Sea Eagle (but not SR2410C sized; too small). Could be something like Type 346A but half the area. Installed in an integrated mast up top, with additional small X band AESAs and ESM ECM arrays installed in the mast as well.
No need for additional VSR or SSR (X band AESA MFR would take the latter's job)
SAMs to be all ARH; i.e.: no need for dedicated illuminators, but can guide older SARH SAMs with X band AESA, whether it be the quad packed "3-5" SAM that's been rumoured or perhaps even HHQ-9 variants (as they should be able to fit in 7m U VLS)
Obviously new generation sonars, and new ASW weapons that can fit in the U VLS as well.
Such a ship would basically have similar capabilities to what the USN has outlined for its FFGX
These CGIs have been posted before, fan made of course, and I consider them to be a worthy successor to 054A.
HHQ-9 is already at least 6.8m in length. If you are going to add the cold launch gas system underneath it --- and remember this is a CCL --- which means the cold launch system has to be within and set at the bottom of the missile canister, not below it as most cold launch systems do --- the length of the VLS would have to be longer than 7m. You also have to make it up to 9 meters deep because in order to allow for longer ranged subsequent variants of the HHQ-9 like the HHQ-9B which has a longer range. A longer range can point to having a longer missile. S-300 5V55 missiles are already 7m and the longer ranged 48N6E goes over to 7.5m, and the longer 48N6E is what's used on the Type 051C. The longer length won't be a problem for the 052X hull.
There is something wrong the fan CGI which I will explain.
Exhibit A
You don't need the Type 055 like arrays on top of the bridge, because on the 055, they were meant as IFF interrogators for the Type 346B, and that radar is not used in this case. Another set of arrays is used for surface search, which we don't need since the rotating array inside the lantern should do that job. The small set of four arrays just beneath the lantern in particular the strip like one might be used for IFF interrogation instead.
I suspect the mast as envisioned, and actually copied from a real mock up in Wuhu, isn't complete.
Exhibit B.
This image is from the cover of a book published in China about conceptual designs leading to the final Type 055. The author is the designer of the Type 055. You can see from this version of the mast, you got the rotating array in the Chinese lantern above the mast, but the arrays over the bridge are absent. That points to one set of the arrays over the bridge as this same purpose as the lantern.
The mast here features the X-band AESA set that we see on the top mast of the actual Type 055. If this set, and with the possibility that it can illuminate for the HHQ-16, is used on the 054B, it would be situated this way on the mast with the rotating search radar on top. Once more, no more of the arrays on top of the bridge, which I think is also quite expensive and adds cost to the frigate compared to a single or dual faced rotating array. With cost being the feature, the rotating array would be chosen.
If you want to cut costs further and with it some capability, you can delete the X-band AESA and just use the good old Type 344 mechanical radar, which is also on the fan CGI. One of the leaked raw drawings featured that this wasn't removed.
This is similar to the Thales STIR, as both radars have a French base origin, but the STIR isn't just gunnery radar, but also has anti-ship and missile illumination, all in one piece, while the Type 344 is only gunnery only, relying on the Type 366 for anti-ship and Front Domes for missile illumination. On the 051B refit, the Type 366 is eliminated which points to its version of the Type 344 having anti-ship capability. You would have to use the Front Domes for multiple engagement with the older SARH type HHQ-16, as even if the Type 344 is modified for missile illumination there is only one and it can't cover the back or handle multiple targets at different directions.
However, by going back to the mechanical radars, reduces the benefits and points of being a more advanced platform from the Type 054A. So I would think the 054B needs to feature the new X-band AESA and do away with the mechanical radars.
I would think the fan CGI is basically sound, but it should replace the radar sets as per Exhibit A to more like Exhibit B (minus the Type 346 radars of course).