As much as I agreed there are changing perspection in the CCP, I still think subs will be first priorty.
It has to do with the way thing is going right now. PLAN always have the policy to build a pair of warships or subs before they mass produce them. That why they only build a pair of 52b, 52c, 51c, eventhrough these DDG are very powerful. They are still inferior to most Western new DDG, PLAN might not be fully satify. Because China has the ability to build something more powerful, I would rather think they will build something like 52D or ASW DDG before mass producing. Since we all know the shipyard is moving, it would be doubtful anything will come out before 2008/09. So it would be rather difficult to have any mass producing before 2010. I think the only major project now is the 54A, because the weapon and stucture are already testing. So PLAN will feel safe to build lot of them, since there are lot of frigates need to replace I would say there would be at least 12-20 new frigates are coming out in next few years.
Subs are complete different story. China have 2yuan, two 93 and 94(1or2), so let say the information is correct. If these subs are sucessful, I would rather think they will be mass produce. Because eventhrough these subs might not be the best, PLAN probaly couldn't build any significate better in near future. Since PLAN urgently need them to replace the old subs. I would guess they would mass produce with modification of 6-8 of ssbn, 4-6ssn and at least 12-16 yuan to replace them before next generation are coming out. All these could be done in around 2013-2015, so next generation subs will be coming out near 2015. xia and Han are just too obstacle, they sure do need something better. Six to eight 94 will give them great nuclear deterrance.
For many years PLAN only study CV, but never have intention to build one until Varyag. Since there are so many work done for Varyag, I would rather think China is seriously trying to make Varyag work. If everything go according of plan, Varyag should be operation some where in 08/09, and I think PLAN would use it as a major training ground for new CV. New CV should not be too distant away after Varyag is up and running, but I have doubt they will build lot of carriers. Because Carriers are never PLAN priorty, they do not need Carriers. One carriers cost a lot of money to build, and lot more money to maintain. Since they are more focus on Tawian, and they still consider themselve as defensive force. I would whether think they would only build copy new CV first.
Bottom line PLAN do not have any clear doctrine develop yet, they are trying to learn as much as they can and have as much options as they could. Before they decide what the future in PLAN. So Subs, Carriers and DDG would need to prove themselves effective, before the Leaders make anything concludsive and extensive decision to mass produce. Off course there are also many different factions in PLAN and Leaders, so it will be very difficult to perdict. But one thing we could guess, that is which one of them is the backbone.
What China needs.
1.ASW DDG/FFG
2.SSBN(quiet and modify)
3.SSN/SSK(quiet and modify)
4.Aegis DDG(better software&moreSAM)
5.indigenous engine
6.Carriers
7.LPH
What China decides
1.SSBN/SSN
2.SSK
3.Aegis DDG/AAWFFG
4.CV
5.ASW DDG
6.LPH
7.software/sonar/engine
One very stong indication of what PLAN consider more important, that is the secretcy of the project. We all know how much China tried to hide the j10, so what project we are lack of information now shoud be a strong indication for how important the PLAN consider it. SO SSBN and SSN are their first priorty.