On the first question it looks like the global economy will bottom out in the second half of 2009.
2
不过,根据我们对统计局报告中(新房及二手)房屋价格的加权平均,下降的步伐貌似要见底回升了(见图)。
But according to our weighted average of the (new and existing) home prices reported by the NBS, the pace of decline appears to be bottoming out (see chart).
3
就资产面而言,房价和股价都存在进一步的下行风险,而且,即使二者见底,也难以迅速回升。
On the asset side, there is further downside risk to both home and equity prices, and even when they trough, a rapid rebound is unlikely.