Barclays comments on China and the onshore yuan (CNY)
On economic growth, estimate is for 2019 GDP growth at 6.2% (downgraded from the previous forecast of prev. 6.5%)
- citing softer credit growth and activity outlook
USD/CNY
- End 2018 looking for 6.95, unchanged forecast
- to hit 7.15 by end of Q219 (previous was forecast at 6.95)
