Ok. I think you drink the coolaid of China far too much. The problem with Chinas production has much more to do with the fact it has a substantial imbalance in consumption and production. This is what is at the root of why the involution crackdown has by in large failed to yield results (.4% contraction CPI; 2.9% PPI); countries are increasingly shutting out the state sponsored production endorsed by the CPC in favor of domestic or better balanced trade partners.

Without the large population not to perform "dirty jobs" but to participate in Chinese society to generate domestic demand, it is unlikely that China will continue to require ongoing stimulus just to keep the economic model functioning. See this (https://www.omfif.org/2025/03/china-has-just-raised-its-debt...) regarding the increase in debt held by China and its localities.

This need for "permastimulus" just to keep the economic model working is the problem: China needs to be rebalancing its economy away from production and into consumption. Unfortunately, a declining population also has declining consumption.