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10/3/2008-- Possibilities include overheating, social instability, corruption, pollution, debt crises, and a post- Olympics growth swoon. It’s a perfectly rational expectation. No rapidly industrializing nation has ever avoided some kind of crisis, least of all upstarts in Asia.

The list rarely, if ever, included a Wall Street crash. And yet, financial troubles in the US may be the catalyst that devastates the world’s fourth-biggest economy.

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