Except the idea of getting 40 to 60 Type 055s is unrealistic given the structure of PLAN. You have to think about how they are going to recruit the people, who they are going to be able to deploy them. Just because PLAN will have more money does not mean they will just build more cruisers.
Going by Wikipedia, China has 75% of US Navy personnel numbers, and the latter is hardly a manpower-light force. Indeed, when you exclude those categories in which PLAN currently has minimal presence (carriers, amphibs), it seems likely that PLAN currently has just as much, if not more manpower than USN across the categories that remain. The necessary expansion in personnel numbers would therefore seem to be quite modest and involves more a redistribution of resources away from brown/green-water capabilities to blue water capabilities.
On a different note, I'm not sure it is appropriate to think of 055 as a cruiser. True, it is significantly larger than the existing 052C/D destroyers, but that is the trend everywhere. Going by the 12000 tonne full load figure traditionally cited, it is only marginally larger than the
Atago,
Sejong the Great, and Burke-III destroyer classes, and smaller than the
Zumwalt-class destroyer. Also, it is unlikely to be much larger than the upcoming Russian destroyer, if in fact it is larger at all. At the other end of the scale, 'frigate' classifications are creeping up to 6000+ tonnes, or even 7000+ tonnes in the case of the German F125 and French Horizon classes. Lastly, as a brand new hull I do not expect Type 055 (+055A/etc.) to be a limited production run vessel deserving of a special 'cruiser' moniker. Over time it will almost certainly see production numbers exceeding all 052 subclasses put together. All things considered, it seems to me that 'destroyer' is the more appropriate classification for this vessel.
And aside from that, this is not the Indian defence forum. We are not here to just dream up what the navy might look llike in 20 years. Go with conservative projections until proven otherwise.
The most conservative projection I can imagine is that China will have 35 destroyers by 2030. All that is required to achieve this 50% increase in numbers is to follow through on the 052D order of a dozen units, to build a mere dozen 055/As over the next decade, and not to accelerate retirements to vessels less than 25 years old.