Of gray rhinos and black swansBy Roger Wu 吳哲文Next month, Vice President William Lai (賴清德) is scheduled to visit Paraguay to attend the inauguration of its president-elect Santiago Pena. China, when seen through such speech and behavior, is the gray rhino in the world. If China’s moves would not lead the international community to consider it as one, who would it consider the gray rhino to be? China is not merely a gray rhino. China’s economic recession is a black swan that would influence the world, and we do not know when the black swan would come crashing to the ground.
