Yep, just like in the Falkland's conflict, Always a cat and mouse game when if comes to ships and "Carrier battle groups". that is why china is really beefing up its sea board AA. because any conflict will be decided in the air and sea.
Were the ATSMs and MEG swam main disadvantage, is range and detection. They are still lacking in projection and detection. Of course they are working on that. Always a back and forth.
I really don't see Invasion as an option for ether the US or China. Short of a world war.
Now what I see as a more credible threat being, When a Chines attack sub surfaced in the middle of the U.S.S. Kitty Hawks battle group. With out being detected. I believe that happened in October of 06.
For land enjoyments, I really only see Vietnam, Taiwan, Japan, South/North Korea, Philippines or one of many much smaller Islands.