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For decades, the Chinese housing boom was driving rapid growth of the country’s economy. The pace of development and economic growth was one of the fastest sustained economic expansions in history, driven by a rising population and urbanization. However, recent trends show that this may be the end of this period of exponential growth. Taking a look at the China economy collapse latest news, the housing market has taken a sharp downward turn as the Chinese government has attempted to reign in developers’ borrowing.