The gray rhino has continued its charge around the globe, with a front page, above the fold article in The New York Times July 23, 2017: “Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving fast.”
Here’s a roundup of some recent media coverage of China’s effort to crack down on its financial gray rhinos, including liquidity and credit risks, shadow banking, abnormal capital market fluctuations and real estate bubbles:
China ignores the ‘grey rhino’ threats to its economy at its own peril Andrew Sheng, South China Morning Post, July 21, 2017
From black swans to gray rhinos, Andrew Sheng, The Star (Malaysia), July 22, 2017
In China, Herd of ‘Gray Rhinos’ Threatens Economy Keith Bradsher and Sui-yee Lee, The New York Times, July 23, 2017
Beware the ‘grey rhinos’ of economic risk or ‘prepare for pain’, analyst warns China Sidney Leng, South China Morning Post, July 23, 2017
Watch out for ‘grey rhino’ in jungle of financial risks, China Daily, Jul 24, 2017
The $180 million conflict that kept Scaramucci out of the White House in January has only gotten shadier Linette Lopez, Business Insider, July 24, 2017
Wanda Swears Off Overseas Deals after Xi Exchange, Greg Isaacson, Mingtiandi, July 25, 2017
China’s Communist Leaders Focus on ‘Grey Rhino’ Private-Sector Risks Alex Frew McMillan, MarketWatch, July 26, 2017
Hunting rhinos: What Dalian Wanda saga says about China Karishma Vaswani, BBC News, July 26, 2017
Interview: Environment, resource constraints biggest “gray rhinos” in China: author
Xinhua, July 27, 2017
CINA. I tre rinoceronti grigi di Pechino. Graziella Giangiulio, Stampa (Italy), July 27, 2017
China to crack down on ‘gray rhino’ risks Li Xuanmin, The Global Times, July 30, 2017
Los cuatro ‘rinocerontes grises’ que amenazan con embestir al mercado Victor Blanco Moro, El Economista (Spain) July 30, 2017.
Chinese Government Concerned about ‘Gray Rhino’ [VIDEO] World Insight with Tian Wei, CGTN, August 3, 2017
China Steps Up Warnings Over Debt-Fueled Overseas Acquisitions By Sui-Lee We. The New York Times. August 18, 2017