经济“新常态”将是未来一段时期中国经济发展的大背景。基于这个大背景,我们对2015年的宏观经济预测的前提假设是,经济增长动力来自经济本身的自我调节能力。房地产投资增速可能回落至9%投资一直被认为是中国经济的增长引擎,短期而言,固定资产投资增长的快慢直接影响着经济增速,从构成来看,固定投资主要由三大块构成:基建、房地产和 Economic “new normal ” will be the background of China’s economic development in the coming period. Based on this background, our assumption for the 2015 macroeconomic forecast is that the driving force behind economic growth comes from the self-regulating ability of the economy itself. Real estate investment growth rate may drop to 9% Investment has always been considered as an engine of growth for China’s economy. In the short term, the growth of fixed asset investment will directly affect the growth of the economy. From the perspective of composition, fixed investment is mainly composed of three major components Infrastructure, Real Estate and