Anbang and China's risky 'grey rhinos'

The term "grey rhino" was coined by American economist Michelle Wucker as a metaphor for looming, high-probability events with potentially catastrophic consequences, prefaced by clear signs that people tend to ignore.

In China, the term (which usually refers to events) has been adapted as a label for a number of large, privately owned companies, such as Anbang, which have gone on a debt-fuelled foreign spending spree in recent years.

TO READ THE FULL ARTICLE

Thank you for reading The Straits Times

You have reached one of our Premium stories. To continue reading, get access now or log in if you are a subscriber.

What is Premium?

A version of this article appeared in the print edition of The Straits Times on March 07, 2018, with the headline 'Anbang and China's risky 'grey rhinos''. Print Edition | Subscribe