It *could*, but I've read that they really can't add to the fixed wing component too much because of hangar and design limitations. Also, the ski-jump type of launch prohibits takeoffs over a certain weight - which means that bomb loads are limited.
They can be offensive, but the design is defintiely limited when copmpared to our own. The Chinese are looking to the long term (and using our dollars to fund it), and they will start here and gain experience and move up from their IMHO.