Essence Securities 2009 Investment Conference was held in Beijing Shangri-La Hotel , Essence Securities chief economist Gao Shanwen published a 2009 outlook macroeconomic situation .

Gao Shanwen pointed out the real estate market collapse in 2008 has performed very obvious. 2008 Chinese real estate market in the crash situation, prices fell markedly in the case , sales have contracted. 2008 and 2007 the growth rate of commercial housing sales fell nearly 40%. This decline in the past 10 year was not seen before. Even though a lot of other high-growth economies Specifically, real estate sales in the short term there is such a large contraction, the impact on the economy is very rare and amazing .

Gao Shanwen pointed out by the rapid decline in real estate development and investment impact will be significant impact on many industries . Construction output growth since the third quarter of this year has seen a very large drop. Consumes a lot of real estate development and industrial products , mainly iron and steel , building materials , nonferrous metals and chemical products , there have been a very sharp decline. This year in October -11 months , when Chinese steel production and forms of negative sales growth rate over the past 20 years has been a level not seen .