The more you study China’s worsening involution problem the more you come to realize A) how low-IQ most Western economists are with occasional exceptions like Setser and Pettis and B) that Xi is in a much worse position than the media would like you to think.
People should be actively discussing the delta in margin profile between Chinese domestically consumed goods vs foreign exports, the lack of corrective mechanisms due to a weak capital markets structure, zombie companies, poor worker productivity and what that means for wage growth (or lack thereof) which in turn requires consumption price deflation to prevent unrest and why an exogenous price shock from rising oil prices could lead to Xi getting dragged through the streets.
Instead these clowns are focused on counting barrels and trying to guess at reserve capacity.
Unserious profession.