Expansion Beijing: Rhino Events

expansion beijing: China's gross domestic product grew 6.6% in 2018, the weakest expansion Beijing has seen in 28 years, according to Market Watch. Following the data, state-owned news agency Xinhua reported that President Xi Jinping told officials to be wary of black swan and gray rhino events. But it's a downbeat shift in rhetoric from President Xi Jinping that investors shouldn't ignore, says one analyst. Black swans are unforeseen events that have extreme consequences, while gray rhinos are events that are widely foreseen yet neglected. U.S. benchmarks like the Dow Jones Industrial Average DJIA, 0.70% and S&P 500 SPX, 0.22% were trading in the red., while the iShares MSCI China ETF MCHI, 0.74% was down more than 2%, according to Fact Set. Global stocks fell on Tuesday, with the likes of the Shanghai Composite SHCOMP, 0.41% Shenzhen Composite Index 399106, 0.46% and CSI 300 000300, 0.56% all ending the session more than 1% lower. (news.financializer.com). As reported in the news.