The People’s Bank of China said there would still be a lot of uncertainty in the global economy and financial markets in 2019. Photo: AP

China’s central bank says ‘grey rhino’ financial risks could charge in 2019

  • Obvious but typically ignored threats could emerge as China ‘gears towards high-quality growth from high-spend expansion’, PBOC says in its annual report
  • Document does not name specific risks but includes lengthy analyses of the property sector, and household, corporate and local government debt levels
Topic |   US-China trade war

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The People’s Bank of China said there would still be a lot of uncertainty in the global economy and financial markets in 2019. Photo: AP
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