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3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD ECONOMIC outlook , VOLUME 2018 ISSUE 2 PRELIMINARY VERSION OECD 201889CHINAAfter having held up well into 2018, growth has recently weakened and is projectedto decline in 2019-20. Signs of slowdown include the weakening of industrialproduction, profits and revenues. Foreign trade flows will lose some momentumfollowing the escalation of trade tensions. The slowdown of activity also reflects thecutback of infrastructure investment, as local government debt has been subject togreater scrutiny, though it could rebound following the recent acceleration of debtissuance and announcement of new conditions are now being eased to support economic escalation of trade tensions resulted in a fall of the exchange rate, which was haltedby government interventions, and a decline in stock prices.

3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIES 116 OECD ECONOMIC OUTLOOK,VOLUME 2018 ISSUE1–PRELIMINARY VERSION © OECD 2018 CHINA Growth is ...

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