The Chinese economy is in a state of collapse due to several underlying factors. One factor is the bursting of the housing market bubble. This has led to decreased demand for construction, which in turn has lead to decreased GDP growth. Another factor is an increase in debt levels, both private and corporate. This has made it difficult for businesses to invest and expand, leading to even slower growth. The current situation is unsustainable, and it is only a matter of time before the economy completely implodes.

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