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What is a 'gray rhino' with respect to China's economy?

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The Gray Rhino is the title of a book authored by financial journalist Michelle Wucker. The full title of the book is : “The Gray Rhino: How to recognize and act on the obvious dangers we ignore. read more

With regard to China financial markets, the gray rhino generally refers to the bubble in the financial markets: stocks, real estates and credit growth. In particular, focus is on state owned enterprise that incurred debt to invest in stocks. read more

The gray rhinos have a common characteristic: a lot of debt and many deals. For years, China’s banks readily doled out loans, eager to keep pumping money into the economy. They doubled down after the global financial crisis in 2008, to prop up growth and push down the value of the currency. read more

China's economic growth during the second quarter came in at 6.9%, a tick above last year. The talk out of Beijing signals that the Chinese economy may not be able to depend on as much help from the government in the future. read more

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What's a 'gray rhino' and why did it cause Chinese stocks ...
Source: money.cnn.com