近期国内宏观经济仍在底部徘徊,预计难以快速复苏。宏观因素制约楼市政策加码空间,预计年内政策以稳为主。当前宏观经济面并不支持实施进一步紧缩的楼市政策近期多项经济数据表现远逊预期近期工业增加值、进出口、社会消费、新增贷款、PMI等多项经济数据表现均差强人意。回顾5至8月份,虽然管理层加大了“稳增长”力度,实施了降息(6 The recent domestic macroeconomic hovering is still at the bottom, is expected to be difficult to recover quickly. Macroeconomic factors restricting property market plus space, is expected to stabilize the main policy during the year. The current macroeconomic side does not support the implementation of further deflation of the property market policies Recently, a number of economic data is far less than expected Recent industrial added value, import and export, social spending, new loans, PMI and many other economic data are unsatisfactory performance. Looking back to May-August, although management stepped up efforts to stabilize growth, it implemented a rate cut (6