China Naval Modernization: Implications for U.S. Navy Capabilities-Background and Issues for Congress [May 31, 2016] [open pdf - 6MB]
From the introduction: "This report provides background information and issues for Congress on China's naval modernization effort and its implications for U.S. Navy capabilities. The question of how the United States should respond to China's military modernization effort, including its naval modernization effort, is a key issue in U.S. defense planning and budgeting. Many U.S. military programs for countering improving Chinese military forces (particularly its naval forces) fall within the U.S. Navy's budget. The issue for Congress is how the U.S. Navy should respond to China's military modernization effort, particularly its naval modernization effort. Decisions that Congress reaches on this issue could affect U.S. Navy capabilities and funding requirements and the U.S. defense industrial base. industrial base."
CRS Report for Congress, RL33153
Federation of American Scientists: http://www.fas.org/sgp/crs/index.html