at 6.7 by end-2018. We see pressure on RMB to depreciate in 2019 as current account surplus will likely shrink further. iicator forecasts, China Zhisvei Zhang. Ph.D. Chief Economist ♦852.2203 8308 Yi Xiang, Ph.D. Economist 4.852.2203 6139 Real GDP, yoy% CPI, yoy% period avg. M2, yoy% Fixed asset i