Chinese aircraft carriers are the least the worries for local nations.
China to become world's largest missile producer: report?Politics?News?WantChinaTimes.com
Quantity has a quality all its own. If you saturate an area with conventional ballistic missiles, at some point all of the THAAD/Aegis/Patriot/Arrow batteries either run out of rounds or can't handle the flow of the missiles raining down.
"May you live in interesting times."
It appears that we do, particular those who live along the Pacific Rim.
Carrier is a long term project.