For the PLAN to build up a formidable and powerful major surface combatant fleet, I believe having 3-tier classification is the best for the fleet ot be viable, flexible and effective.
Tier 1 - Small size and displacement.
Ship type - Frigates (FFG)
Displacement around 5000-6000 tons.
48 VLS cells.
Role: anti-sub > anti-air > anti-ship.
Tier 2 - Medium size and displacement.
Ship type - Destroyers (DDG)
Displacement around 7000-9000 tons.
80 VLS cells.
Role: anti-air >= anti-ship > anti-sub.
Tier 3 - Large size and displacement.
Ship type - Cruisers (CG)
Displacement around 12000-15000 tons.
128 VLS cells.
Role: anti-ship >= anti-air > anti-sub.
In a nutshell:
Tier 1 - The roles played by FFGs today would be similar to the roles played by destroyers during WW2, i.e. tin cans for defending against enemy submarines, smaller crafts and anti-air.
Tier 2 - The roles played by DDGs today would be similar to the roles played by cruisers during WW2, i.e. jack-of-all-trades, but mainly provide anti-air cover and can effectively duel with enemy ships.
Tier 3 - The roles played by CGs today would be similar to the roles played by battleships during WW2, i.e. steel monsters meant to deal heavy blows against enemy ships.
(Note: I didn't count corvettes in, due to the limitations of their size and displacement, which translates to seakeeping capabilities for operation on the high seas. Therefore, I believe that corvettes should mostly loiter around Chinese shorelines and within the First Island Chain. Their job is to patrol and guard the waters close to home, plus protecting Chinese ports, naval bases and major waterways from infiltration and attacks by enemy ships or submarines.)
Just my two cents.