China is grappling with slumping growth, a property crisis and debt woes - the next jolt could come from the yuan hitting a 16-year low

• China's economy isn't in good shape – and it could get even worse with a plunging yuan. 
• The country is already grappling with depressed growth and a deepening property crisis. 
• The yuan could slide to a 16-year low of 7.40 per dollar by the end of 2023, according to the French bank Societe Generale. 

China's economy is in bad shape already – and it could get another jolt from a plunging currency.

The yuan will extend its losses by about 3.1% from current levels to a 16-year low of 7.40 against the dollar by the end of the year, the French bank Societe Generale predicts. RBC Capital Markets sees it weakening to 7.30 in the same period.