As much as the talking pundits and bobheads like to crow about it, the possibility of a Cold War turning hot happening in the next 10-20 years is just about as likely as man forgoing war as a means to an end.
The two possibilities are nothing like equally likely. Please do not be disingenuous.
Taiwan is always a possible flashpoint, and now you can add Korea and the SCS to possible sources of conflict.
But the golden rule is that the threat of conflict is not kept at bay through wishful thinking, but by being prepared such that the other guy doesn’t perceive a weakness as to be tempted to attack you.
For the justification of a dated carrier design to be so radically out fitted would require China to be embroiled in a long distance off shore conflict with a somewhat capable foe over a strong enough interest.
Such a combination of issues is not to be found the continents of Europe, Africa and the American Continents. Not until China has build up a sufficient network of investments and interests, and that will not happen in the next 20 years at best.
For starters, those carriers would not only be useful in some far off fight. They would be first and foremostly important for homeland defence. When faced with potentially 10 enemy carriers, do you want 6 or 8 or more yourself?
Secondly, have you not heard of the Belt and Road initiative? China is investment near astronomical sums in that project, which is China’s new grand project that will secure China’s future for the next century or more. You can bet that adversaries will try to target that, and China may well need to fight to defend it.
Future more, any possible conflict between China and the US is going happen at the immediate periphery of Asia. In that area, China's home field advantage of land based air assets will much more important than any retrofitted carrier. Going any future beyond their immediate turf would mean that both country can only rely on their navies's assets. In which case a Type 001A with just one catapult will be crushed by even a decommissioned Kitty Hawk.There is a difference between having a lot of ships and having a lot of "capable" ships, having a fleet of 6 Type 002s will be much more potent than 5 Type 002s and 2 Type 001s
You make it seem like the choice is between more 002s or refitting the 001A and maybe Liaoning, when that was never the choice. The real choice is to have just more 002s and 003s, or have those AND have the 001A and Liaoning refitted with CATs.
And yes I am dismissive of the limited utility that the CV-16 and CV-17 can bring, as at best a standard retrofit proposed would only give them just one catapult to work on. Trying to put more would entitled reworking or removing the ski-ramp entirely to accommodate the forward catapults. This would require even more time, money and dock space to make work. Why would the PLAN consider such a venture when the Type 003 are most likely to be commissioned in numbers already by the time CV-16 and CV-17 are due for an overhaul, which would be in the 2030-2040s.
When you have fitted 4 CATs do the 001A and Liaoning, just how much more effective would an 002 be compared to that? Not a great deal! Which is the whole point. You will be spending cents on the dollar to give your carrier a quantum leap in capabilities.
So, rather than spend 1 billion and 1 year to bring the 001A and Liaoning up to 80-90% combat capability of a type 002, you think they should spend 10 billion and 5+ years to build more 002s and spend hundreds of millions and years scrapping the Liaoning and 001A early?
China is pretty much in Cold War mode already, where money is not really an issue, so the PLAN doesn’t need to make penny wise pound stupid decisions to manage their budget.
If they can make a good enough case, special budgets will be made available.