China's financial system can avoid......>

CHINA PRESS: China's financial system can avoid "grey rhinos" because of its

high savings ratio, effective supply-side changes and the influence of the

government, the Economic Information Daily said Tuesday in a front-page

commentary. "Grey rhinos" are large probability risks with wide effects --

particularly debt and shadow-banking risks in the financial system, the

commentary said. China must enhance the coordination of the real economy and

financial sector, strengthen financial regulations and shift the focus of these

according to situational changes, it said. Two new risks are emerging: the

regulation of local-government funding vehicles has slowed the growth of

infrastructure investment and production restrictions have increased upstream

prices, it said. (Economic Information Daily)