I think it's better to stick with multiple conventional CV and LHD for PLAN in the next few iterations and perfect them with IEP, EMALs, UAVs, USVs, even SMRs for hotel loads, etc before moving to full CVN. Conventional CVs do have advantages over CVNs based on US Congress and navy analysts:
1. CVNs require longer to repair and maintain, which reduces the effective fleet size. Carrier employment cycle is defined as 3x each of deployment, pre-deployment, and maintenance. CVNs maintenance periods are 6/6/10.5 months. CV maintenance periods are 3/3/12 months. In addition, there is a 3-4 year period every 25 years for refueling and overhaul.
2. CVNs are more expensive to build and operate. According to US Navy itself, CVN is 58% more expensive to build and operate, with 40% more labor hours due to requiring special engineers for the plant.
3. There was no observable difference in capability during Desert Storm.
For China's specific case, the strengths of CV is more apparent:
1. CVs main weakness is needing to refuel on distant cruises. Chinese CVs aren't going too far.
2. China needs high availability to increase effective fleet size with a smaller fleet. USN with ~30% deployability is basically a fleet size of 4 out of 12. If PLAN has 40% deployability then it needs only 10 CVs to match USN globally and only 5 to match USN locally.
3. CVs can be built with commercially available parts and shipbuilding, meaning they can be pumped out like dumplings while CVNs are all essentially 1 of a kind custom made.