If Ukraine War taught us anything, that is cruise missile saturation strike makes quick work of good air defense networks. That said, land attack is very low priority of PLAN, so don't be expected if there is nothing geared for it. If there ever needs to ground strike saturation is more important.
I disagree. One of the major themes of the Russo-Ukranian war has been the extreme survivability of air defenses. Russia has been unable to suppress a few dozen S-300 batteries. 50%+ Kalibr shoot-down rates are likely real considering that the Ukrainian electricity grid survived (At low capacity but it wasn't big and Russia had a big arsenal).
I agree with the second assertion. IMO naval subsonic missiles, especially ones from surface ships, are the most impotent way of attacking a country. You are limited to a few dozen non-replenishable missiles. The assets are limited to ~20 knots over large distances so looong times pass before they can launch a few more dozen missiles again. Carriers can at least carry a lot more munitions and subs can go to dangerous places. Subsonic and non-stealthy missiles mean at least half of them will get shot down, which throws a wrench into planning. The 055 could at least use the YJ-21 to have a bite. China is lucky that the US procurement went so bad that the country is unable to move away from 40 year old designs.