The chinese are adapting a doctrine using satellite guided missiles, submarines, and electronic warfare to really put the damper on the "American Way."
Which is parking aircraft carriers offshore third world nations and bombarding them with overwhelming force when they can't fight back.
And for the price of 1 carrier battle group you could probably send hundreds of these missiles at once to high priority targets, pretty much completely denying the seas ~2000 miles around China.
Whether or not everything is operational by the Chinese or theory crafting and propaganda.. well that's for the CIA to know I suppose.
Thinking that our naval and aviation superiority we enjoyed for the past 50 years is a guarantee in modern war is a mistake that could cost untold amounts of lives.
And honestly, the amount of money we pour into our navy is retarded. The way of the future is flying death robots, and I applaud Obama for embracing drone strikes as much as he has. We need to get those drones down to Mexico and blow up some motherfucking cartels too.