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“Grey Rhino” risk to resurface next year, said the PBOC

The “grey rhino” financial risks facing China could resurface next year as the country seeks to deal with growing uncertainty in the global economy and threats to its domestic markets, the central bank has warned.

ThePeople's Bank of China said in its annual China Financial Stability Report published on Friday that there “are still relatively large uncertainties in the global economy and financial markets in 2019".

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