My question on this subject is this. Should China make Varyag seaworthy again, I would assume they would create a CBG. However, I would imagine that this would only be the beginning as China’s government would most likely decide to design their own indigenous carriers. How many do you guys think the Chinese Navy would need in order to be able to counter any threat they might encounter? As well, would the Varyag, if it is indeed being retrofitted, be involved in a move to take over Taiwan?

China might need carriers as time progress as power projection ability is required. THat may be 10 or even as long as 50 years down the road.
Right this moment there is no immediate need for a CV.

Why do people here always tie Varyag with Taiwan? Shadow isn’t the only one here… Hopefully people should realize Chinese desire of a CV does focus on the ability to attack Taiwan but rather to secure and protect sealanes and project power where they are not yet within the reaches of the PLAN or PLAAF.
In a nut shell Taiwan is only 200km off the Chinese shore no real need for a CV.