Yang Weimin, member of the standing Committee of the 13th CPPCC National Committee and deputy director of the Economic Committee of the CPPCC National Committee, said today that real estate can not be expected to have a real pulling effect on the economy this year, but at least reduce the degree of negative pull. The real estate and construction industries account for about 14 per cent of China's GDP. In the first quarter of this year, the construction industry returned to 1.4 per cent positive growth driven by infrastructure, but real estate still had a negative growth rate of-2 per cent. It is difficult for other industries to make up for the growth gap between these two industries. Real estate is still necessary in China, there is still rigid demand, not a sunset industry. Multi-departments need to coordinate the formulation of comprehensive and authoritative real estate policy documents, clarify the new mechanism and model of real estate, and define the policies of real estate taxation, credit, land, sales restrictions and so on.