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| | Analysis: China, today's Creditanstalt? |
 | | In 1930, the stock market began to recover, at a lower level, and the U.S. economy was also only moderately affected by the collapse. |
 | | In May 1931, the Austrian bank Creditanstalt failed, causing a knock-on liquidity crisis throughout Europe, the insolvency of many European countries, a collapse in world trade, and a downward spiral into the Great Depression. |
 | | In such a case, the Chinese banking system could indeed prove today's Creditanstalt, causing a collapse of world trade, and a re-run of the Great Depression. |
| quickstart.clari.net /qs_se/webnews/wed/ac/Uchina-economy-analysis.RV0R_DOG.html (1150 words) |
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