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
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

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
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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