In its latest client note, analysts at Barclays offered their outlook on the Chinese economic growth and the local currency, the Yuan.
Key Points:
On economic growth, the estimate is for 2019 GDP growth at 6.2%, revised lower from the previous forecast 6.5%.
The downward revision is due to softer credit growth and activity outlook.
USD/CNY by end 2018 is seen at 6.95, unchanged forecast
Yuan to hit 7.15 per dollar by end of Q2 19 vs. 6.95 previous forecast.
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