China Financial Daily

U.S. National Association of Home Builders expects the United States in 2009 will be bottomed out in the real estate market
Integrated foreign on January 21st reported that, the chief economist of U.S. National Association of Home Builders (National Association of Home Builders) David Crowe Clausius on 20th, said that the situation of the real estate market by the end of 2009 will not be much better than that of the present, it is expected that in 2009 to be at the bottom. Crowe in the international construction trade show, made a speech, which said housing starts in 2009 was expected to decline by nearly 30 percent, and new home sales would drop 14 percent. But he believed that the market might be bottoming out in mid-2009.

The chief operating officer of General Motors: the U.S. market was weak in January sales
Integrated foreign on January 21st reported that the Chief Operating Officer (Fritz Henderson) of General Motors Corp. (General Motors Corp.) Henderson, on 20th, said that the road of GM’s recovery was full of uncertainty and potential danger, which could force the company in the next few years to suffer more painful restructuring. U.S. auto industry seems to open in 2009 not well.