OECD's April 2019 economic survey on China tallies with the general picture that China's economy appears to be stabilizing, if not entirely out of the woods. Corporate debt, inefficient state-owned enterprises, lack of level-playing field for foreign enterprises, insufficient intellectual property protection, economic inequaltiies and ongoing corruption continue to weigh down productivity growth. Many of the reforms recommended by the OECD tally with what China promises to deliver in its ongoing trade negotiations with the United States, as outlined in the introduction of my May 2019 Newsletter .