Gray rhino theory is spreading in China. On July 16, the term was mentioned in a review of the National Conference on Financial Work, followed by an editorial on the front page of the official People’s Daily. On August 3, 2017, CGTN “World Insight” host Tian Wei spoke with Michele Wucker, who created the concept, to find out if there are any gray rhinos coming China’s way. Watch a video excerpt below and/or read more HERE.
Author: The Gray Rhino
The gray rhino has continued its charge around the globe, with a front page, above the fold article in The New York Times July 23, 2017: “Let the West worry about so-called black swans, rare and unexpected events that can upset financial markets. China is more concerned about “gray rhinos” — large and visible problems in the economy that are ignored until they start moving fast.” Here’s a roundup of some of the media coverage over the past week of China’s effort to crack down on its financial gray rhinos, including liquidity and credit risks, shadow banking, abnormal capital market fluctuations and…
In front-page commentary published July 17th, People’s Daily, the official newspaper of China’s Communist Party, warned of the need to avert highly obvious “gray rhino” risks as well as rare and unpredictable “black swans.” The commentary rocked China’s stock markets and signaled a new policy direction intended to more aggressively address obvious financial risks. The article said that China should “strictly prevent risks from liquidity, credit, shadow banking and abnormal capital market fluctuations, as well as insurance market and property bubbles.” Taking the commentary as a sign that regulators would crack down on speculation, investors immediately dumped small-cap stocks, seen as more…
Gray Rhino & Company Founder Michele Wucker spoke May 20th at the second MTA (Music, Technology, Art) Sun Desert Festival in Zhanghjiakou, Hebei Province, China. Follow media coverage at these links: 36kr: “Gray Rhino” by Michele Wucker: Do not bury your head in the sand, ignoring the gray rhinoceros 36kr: Cheetah mobile CEO Fu Sheng: the future is man-machine coexistence Sina: MTA Desert Music Festival is showcasing technology to create art utopia Sohu: Cheetah CEO Fu Sheng: the next 10 to 20 years must be the era of human-computer interaction: “Just now, Ms. “Michele Wucker”, author of “Gray Rhino”, speaks of…
Marketing Thought Leadership podcast. Linda Popky talks with Michele Wucker the importance of changing our focus from the unlikely to the highly probable events we may think are too big to impact; the three Gray Rhinos that marketers are likely to face, and why New Coke may have been the best thing that ever happened to Coca-Cola. Follow this link to listen to the Marketing Thought Leadership podcast. Why do we choose to ignore pending doom? Justin Kaufman talked with Michele Wucker on his WGN Radio show, “The Download,” on March 31, 2016 about THE GRAY RHINO, financial meltdowns, kicking the can,…