November 16, 2011:
China is a nuclear power that is not particularly concerned about how many nukes and delivery systems they have. China is even unconcerned about who the target is. Two years ago, China announced that its nuclear armed ballistic missiles were not aimed at anyone. Like most countries, China has long refused to say who its nuclear armed missiles are armed at. Most of those missiles only have enough range to hit Russia, or India, or other nearby nations. For a long time, most were very definitely aimed at Russia, which had rocky relations with China from the 1960s to the 1990s. But after the Soviet Union dissolved in 1991, the new, much smaller, Russia became much friendlier with the wealthier (more capitalist, but still run by communists) China. Relations between China and India also warmed up then went into a deep freeze.
China is believed to have 240 nuclear warheads, most of them installed on ballistic missiles. Only a few dozen of these missiles can reach the United States. These include the older (and about to be retired) DF-5, plus the newer DF-31A and DF-41.
For the last two decades China has had about two dozen DF-5 ICBMs, their only missiles that can reach the United States. Few of these are believed operational. But the U.S. has since installed 18 ICBM interceptor missile systems in Alaska. There are to deal with North Korean missiles, but could also destroy most Chinese missiles headed for the western United States. Thus it makes sense for China to simply say that it is not aiming any of its missiles at anyone. Modern guidance systems can be quickly (in less than an hour) programmed for a new target, so it doesn't really matter that, normally, the missiles have no target information in them. The DF-5s, moreover, are liquid fueled, and the considerable activity required to ready them for launch can be detected by spy satellites.
The DF-5s are being replaced by solid fuel DF-41s. These missiles can be moved, erected and launched from a special truck. With a 15,000 kilometer range, they can reach all of the United States. The third stage contains up to twelve warheads, each with an explosive yield of about 100 KT.
India is of growing concern to China, but there are shorter range ballistic missiles, like the DF-21, to deal with that threat. The Chinese introduced the DF-21 in 1999 and now has over a hundred in service. Many have non-nuclear warheads. This missile has a range of over 1,800 kilometers and can haul a 300 kiloton nuclear warhead. It's a two stage, 15 ton, solid fuel rocket. Launched from Tibet, the DF-21 can reach most major targets in India.
Sixteen years ago, China put the larger DF-31 into service. Sort of. This was China's first solid fuel ICBM (with a range of over 8,000 kilometers) and roughly equivalent to the U.S. Minuteman I of the 1960s. The DF-31 weighs about 46 tons and is 20 meters (62 feet) long and 2.25 meters (7 feet) in diameter. It was designed for use on submarines, land silos and mobile launchers (which would halt at those "parking lots in the middle of nowhere" visible in satellite pictures of Qinghai province). The DF-31 has been shown stored in a TEL (transporter, erector, launcher) vehicle. Driving these vehicles along special highways in remote areas provides more protection from counterattacks, than using a reinforced silo. Later, the improved DF-13A appeared, with multiple warheads and more range (up to 12,000 kilometers, which could cover all the United States.)
The DF-31 was been in development for over twenty years, and only had its first successful launch twelve years ago. It's now believed to have a reliable and accurate guidance system, as well as a third stage that carries three 50 kiloton warheads. Only about a dozen DF-31s are in service, plus about a dozen DF-31As. Many of these appear to be aimed at European Russia.
Then there is a submarine launched missile the JL (Julang) 2 SLBM (Sea Launched Ballistic Missile). This missile has had a lot of problems as have the SSBNs (ballistic missile carrying nuclear subs) that carried them. The 42 ton JL-2 has a range of 8,000 kilometers, and would enable China to aim missiles at any target in the United States from a 094 class SSBN cruising off Hawaii or Alaska. Each 094 boat can carry twelve of these missiles, which are naval versions of the existing land based 42 ton DF-31 ICBM. The JL-2 was supposed to have entered service three years ago, but kept failing test launches. No Chinese SSBN has ever gone on a combat cruise, because these boats have been very unreliable.
About two thirds of Chinese nuclear warheads are believed to be in missile warheads, most of them DF-21s. Normally, these warheads are stored separately and mated to the missiles only for actual use, or the occasional training exercise.