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What’s a ‘black swan’ and when will it strike next? China’s not taking any chances
There was a financial crisis in Southeast Asia in 1997, another in the United States in 2007, so if a crisis comes this year where will it happen? This was the question posed during a speech last month by Yang Weimin, the deputy director of a finance and economics office serving President Xi Jinping. “It certainly won’t happen at the South Pole or the North Pole,” Yang quipped. “Only penguins live at the South Pole, but Black Swans live among us,” he said, referring to the term for unexpected events that can have far-reaching consequences on politics and the markets. Yang’s warning came as China has ... (full story)
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- ChinaTraderz
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Don't wait for the wind, take to the oars.
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