Clancy's book, Red Storm Rising had a great tactical assessment of carriers in a relatively modern era.
The difference between a CVBG and a submarine is that a CVBG can actually CONTROL a large area of sea AND land, whereas a sub can only control a small area of sea. Sure, that control is negated if the carrier is destroyed, but so goes the fortunes of any weapon in any war. However, carriers are quite heavily protected and somehow my gut feeling is that the capabilities of this Chinese missile are a bit overstated.
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