{"id":25260,"date":"2025-05-13T01:19:16","date_gmt":"2025-05-12T17:19:16","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=25260"},"modified":"2025-05-13T01:19:16","modified_gmt":"2025-05-12T17:19:16","slug":"%e3%80%90%e6%ad%a3%e9%9d%a2%e3%80%91nytimes%e4%b8%ad%e7%be%8e%e8%b4%b8%e6%98%93%e6%88%98%e7%bc%93%e5%92%8c%ef%bc%9a%e6%9a%82%e6%97%b6%e5%89%8a%e5%87%8f%e5%85%b3%e7%a8%8e","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=25260","title":{"rendered":"\u3010\u6b63\u9762\u3011[nytimes]\u4e2d\u7f8e\u8d38\u6613\u6218\u7f13\u548c\uff1a\u6682\u65f6\u524a\u51cf\u5173\u7a0e"},"content":{"rendered":"<p>**\u4e2d\u7f8e\u8fbe\u6210\u534f\u8bae\uff0c\u6682\u65f6\u524a\u51cf\u5173\u7a0e**<\/p>\n<p>\u534e\u76db\u987f\u6d88\u606f\u2014\u2014\u7f8e\u4e2d\u4e24\u56fd\u5468\u4e00\u91c7\u53d6\u63aa\u65bd\uff0c\u7f13\u548c\u4e16\u754c\u4e24\u5927\u7ecf\u6d4e\u4f53\u4e4b\u95f4\u7684\u8d38\u6613\u6218\uff0c\u540c\u610f\u6682\u65f6\u964d\u4f4e\u5f7c\u6b64\u5f81\u6536\u7684\u60e9\u7f5a\u6027\u5173\u7a0e\u3002<\/p>\n<p>\u5728\u7279\u6717\u666e\u603b\u7edf\u591a\u6b21\u5ba3\u79f0\uff0c\u82e5\u4e2d\u56fd\u4e0d\u505a\u51fa\u8ba9\u6b65\uff0c\u4ed6\u7edd\u4e0d\u964d\u4f4e\u5173\u7a0e\u4e4b\u540e\uff0c\u7f8e\u56fd\u7684\u8fd9\u4e00\u4e3e\u52a8\uff0c\u5b9e\u9645\u4e0a\u627f\u8ba4\u4e86\u4e0e\u4e2d\u56fd\u5168\u9762\u8d38\u6613\u6218\u7684\u4ee3\u4ef7\u3002\u5c3d\u7ba1\u767d\u5bab\u865a\u5f20\u58f0\u52bf\uff0c\u4f46\u7279\u6717\u666e\u653f\u5e9c\u6700\u7ec8\u8fd8\u662f\u6682\u65f6\u653e\u5f03\u4e86\u5176\u6700\u9ad8\u7684\u5173\u7a0e\uff0c\u5e76\u540c\u610f\u4e0e\u5317\u4eac\u4e3e\u884c\u66f4\u6b63\u5f0f\u7684\u4f1a\u8c08\uff0c\u6b64\u524d\uff0c\u4f01\u4e1a\u548c\u6d88\u8d39\u8005\u5df2\u5f00\u59cb\u663e\u73b0\u7ecf\u6d4e\u7d27\u5f20\u7684\u8ff9\u8c61\u3002<\/p>\n<p>\u7279\u6717\u666e\u5468\u4e00\u5728\u767d\u5bab\u89e3\u91ca\u8bf4\uff0c\u4ed6\u5b9e\u65bd\u7684\u8bb8\u591a\u5173\u7a0e\u4ecd\u7136\u6709\u6548\uff0c\u4f1a\u8c08\u5c06\u90e8\u5206\u96c6\u4e2d\u5728\u201c\u5f00\u653e\u201d\u4e2d\u56fd\u5e02\u573a\u7ed9\u7f8e\u56fd\u4f01\u4e1a\u3002\u4ed6\u8868\u793a\uff0c\u9884\u8ba1\u672c\u5468\u665a\u4e9b\u65f6\u5019\u5c06\u4e0e\u4e2d\u56fd\u56fd\u5bb6\u4e3b\u5e2d\u4e60\u8fd1\u5e73\u901a\u8bdd\uff0c\u4f46\u8981\u8fbe\u6210\u5b8c\u6574\u7684\u4e66\u9762\u534f\u8bae\u8fd8\u9700\u8981\u4e00\u6bb5\u65f6\u95f4\u3002<\/p>\n<p>\u7279\u6717\u666e\u8bf4\uff1a\u201c\u6211\u4eec\u4e0d\u60f3\u4f24\u5bb3\u4e2d\u56fd\u3002\u201d<\/p>\n<p>\u5728\u4e00\u4efd\u5f53\u5929\u65e9\u4e9b\u65f6\u5019\u53d1\u5e03\u7684\u8054\u5408\u58f0\u660e\u4e2d\uff0c\u7f8e\u56fd\u548c\u4e2d\u56fd\u8868\u793a\uff0c\u5c06\u6682\u505c\u5404\u81ea\u7684\u5173\u7a0e90\u5929\uff0c\u5e76\u7ee7\u7eed\u4ed6\u4eec\u672c\u5468\u672b\u5f00\u59cb\u7684\u8c08\u5224\u3002\u6839\u636e\u534f\u8bae\uff0c\u7f8e\u56fd\u5c06\u628a\u5bf9\u4e2d\u56fd\u8fdb\u53e3\u5546\u54c1\u7684\u5173\u7a0e\u4ece\u76ee\u524d\u7684145%\u964d\u4f4e\u523030%\uff0c\u800c\u4e2d\u56fd\u5c06\u628a\u5bf9\u7f8e\u56fd\u5546\u54c1\u7684\u8fdb\u53e3\u5173\u7a0e\u4ece125%\u964d\u4f4e\u523010%\u3002<\/p>\n<p>\u8fd9\u4e00\u7d27\u5f20\u8c08\u5224\u7684\u7ed3\u679c\uff0c\u4f7f\u5173\u7a0e\u7387\u63a5\u8fd1\u7279\u6717\u666e\u57284\u67082\u65e5\uff08\u4ed6\u79f0\u4e4b\u4e3a\u201c\u89e3\u653e\u65e5\u201d\uff09\u63d0\u9ad8\u5173\u7a0e\u4e4b\u524d\u7684\u6c34\u5e73\u3002\u7136\u800c\uff0c\u4f1a\u8c08\u4f3c\u4e4e\u6ca1\u6709\u4ea7\u751f\u4efb\u4f55\u6709\u610f\u4e49\u7684\u8ba9\u6b65\uff0c\u9664\u4e86\u540c\u610f\u7ee7\u7eed\u8ba8\u8bba\u3002<\/p>\n<p>\u7f8e\u56fd\u8d22\u653f\u90e8\u957f\u65af\u79d1\u7279\u00b7\u8d1d\u68ee\u7279\u5728\u65e5\u5185\u74e6\u7684\u65b0\u95fb\u53d1\u5e03\u4f1a\u4e0a\u8bf4\uff1a\u201c\u6211\u4eec\u5f97\u51fa\u7ed3\u8bba\uff0c\u6211\u4eec\u6709\u5171\u540c\u7684\u5229\u76ca\u3002\u201d\u7f8e\u4e2d\u5b98\u5458\u5468\u672b\u5728\u65e5\u5185\u74e6\u4e3e\u884c\u4e86\u4f1a\u6664\u3002\u201c\u53cc\u65b9\u4ee3\u8868\u56e2\u7684\u5171\u8bc6\u662f\uff0c\u4efb\u4f55\u4e00\u65b9\u90fd\u4e0d\u5e0c\u671b\u8131\u94a9\u3002\u201d<\/p>\n<p>\u4e2d\u56fd\u8868\u793a\uff0c\u5c06\u6682\u505c\u6216\u64a4\u9500\u4e3a\u62a5\u590d\u5173\u7a0e\u5347\u7ea7\u800c\u91c7\u53d6\u7684\u53cd\u5236\u63aa\u65bd\u30024\u6708\u521d\uff0c\u4e2d\u56fd\u653f\u5e9c\u4e0b\u4ee4\u9650\u5236\u7a00\u571f\u91d1\u5c5e\u548c\u78c1\u94c1\u7684\u51fa\u53e3\uff0c\u8fd9\u4e9b\u662f\u6c7d\u8f66\u3001\u98de\u673a\u548c\u534a\u5bfc\u4f53\u7684\u91cd\u8981\u7ec4\u6210\u90e8\u5206\u3002<\/p>\n<p>\u8d1d\u68ee\u7279\u8868\u793a\uff0c\u4e24\u56fd\u53ef\u80fd\u4f1a\u8ba8\u8bba\u4e2d\u56fd\u8d2d\u4e70\u66f4\u591a\u7f8e\u56fd\u5546\u54c1\u7684\u4ea4\u6613\u3002\u8fd9\u6837\u7684\u4ea4\u6613\u53ef\u80fd\u6709\u52a9\u4e8e\u7f29\u5c0f\u7f8e\u56fd\u5bf9\u4e2d\u56fd\u7684\u8d38\u6613\u9006\u5dee\u3002<\/p>\n<p>\u8be5\u534f\u8bae\u6253\u7834\u4e86\u4e2d\u7f8e\u8d38\u6613\u51e0\u4e4e\u505c\u6ede\u7684\u50f5\u5c40\u3002\u8bb8\u591a\u7f8e\u56fd\u4f01\u4e1a\u6682\u505c\u4e86\u8ba2\u5355\uff0c\u5e0c\u671b\u4e24\u56fd\u80fd\u591f\u8fbe\u6210\u964d\u4f4e\u5173\u7a0e\u7684\u534f\u8bae\u3002<\/p>\n<p>\u8d1d\u68ee\u7279\u5c06\u8d23\u4efb\u5f52\u548e\u4e8e\u62dc\u767b\u653f\u5e9c\uff0c\u79f0\u5176\u672a\u80fd\u5c65\u884c\u5bf9\u7279\u6717\u666e\u7b2c\u4e00\u4efb\u671f\u5185\u4e0e\u4e2d\u56fd\u8fbe\u6210\u7684\u8d38\u6613\u534f\u8bae\u7684\u627f\u8bfa\u3002\u4ed6\u8bf4\uff0c\u76ee\u524d\u7684\u4f1a\u8c08\u5c06\u65e8\u5728\u8fbe\u6210\u66f4\u201c\u5168\u9762\u7684\u534f\u8bae\u201d\u3002<\/p>\n<p>\u4e2d\u56fd\u5de5\u5382\u7684\u5bf9\u7f8e\u51fa\u53e3\u8ba2\u5355\u5927\u5e45\u4e0b\u964d\uff0c\u7ed9\u672c\u5df2\u4f4e\u8ff7\u7684\u7ecf\u6d4e\u5e26\u6765\u4e86\u989d\u5916\u538b\u529b\u3002\u4e2d\u56fd\u751f\u4ea7\u5546\u5bfb\u6c42\u5c06\u8d38\u6613\u6269\u5c55\u5230\u4e1c\u5357\u4e9a\u548c\u5176\u4ed6\u5730\u533a\uff0c\u4ee5\u89c4\u907f\u7f8e\u56fd\u7684\u5173\u7a0e\u3002<\/p>\n<p>\u8d1d\u68ee\u7279\u8868\u793a\uff0c\u5173\u7a0e\u5b9e\u9645\u4e0a\u9020\u6210\u4e86\u4e00\u79cd\u7981\u8fd0\uff0c\u8fd9\u662f\u53cc\u65b9\u90fd\u4e0d\u5e0c\u671b\u770b\u5230\u7684\u3002\u4e24\u56fd\u8868\u793a\uff0c\u7ee7\u7eed\u8c08\u5224\u5c06\u6d89\u53ca\u8d1d\u68ee\u7279\uff1b\u7f8e\u56fd\u8d38\u6613\u4ee3\u8868\u8d3e\u7c73\u68ee\u00b7\u683c\u91cc\u5c14\uff1b\u4ee5\u53ca\u4e2d\u56fd\u8d1f\u8d23\u7ecf\u6d4e\u653f\u7b56\u7684\u56fd\u52a1\u9662\u526f\u603b\u7406\u4f55\u7acb\u5cf0\uff0c\u4ed6\u9886\u5bfc\u4e86\u4e2d\u65b9\u5468\u672b\u7684\u8c08\u5224\u3002<\/p>\n<p>\u51ef\u6295\u5b8f\u89c2\uff08Capital Economics\uff09\u9996\u5e2d\u4e9a\u6d32\u7ecf\u6d4e\u5b66\u5bb6\u9a6c\u514b\u00b7\u5a01\u5ec9\u59c6\u65af\u5728\u4e00\u4efd\u7814\u7a76\u62a5\u544a\u4e2d\u8868\u793a\uff0c\u8be5\u534f\u8bae\u662f\u201c\u7279\u6717\u666e\u653f\u5e9c\u5f3a\u786c\u7acb\u573a\u7684\u53c8\u4e00\u6b21\u91cd\u5927\u9000\u8ba9\u201d\uff0c\u56e0\u4e3a\u5b83\u4e0d\u5305\u62ec\u4e2d\u56fd\u5bf9\u5176\u8d27\u5e01\u6216\u8d38\u6613\u5931\u8861\u7684\u4efb\u4f55\u627f\u8bfa\u3002\u4ed6\u8fd8\u6307\u51fa\uff0c\u4e0d\u80fd\u4fdd\u8bc190\u5929\u7684\u4f11\u6218\u4f1a\u5e26\u6765\u6301\u4e45\u7684\u534f\u8bae\uff0c\u7279\u522b\u662f\u5982\u679c\u7f8e\u56fd\u7ee7\u7eed\u8bd5\u56fe\u56e2\u7ed3\u5176\u4ed6\u56fd\u5bb6\u9650\u5236\u4e0e\u4e2d\u56fd\u7684\u8d38\u6613\u3002<\/p>\n<p>\u867d\u7136\u6682\u65f6\u6446\u8131\u4ee4\u4eba\u9707\u60ca\u7684\u9ad8\u5173\u7a0e\u53ef\u80fd\u503c\u5f97\u4e24\u56fd\u4f01\u4e1a\u5e86\u795d\uff0c\u4f46\u5176\u5f71\u54cd\u5c06\u6301\u7eed\u5b58\u5728\u3002\u7531\u4e8e\u4f01\u4e1a\u4e89\u76f8\u572890\u5929\u7684\u8c08\u5224\u7a97\u53e3\u671f\u5b89\u6392\u53d1\u8d27\uff0c\u4f01\u4e1a\u53ef\u80fd\u4f1a\u9047\u5230\u88ab\u538b\u6291\u7684\u9700\u6c42\uff0c\u5bfc\u81f4\u66f4\u9ad8\u7684\u8fd0\u8f93\u4ef7\u683c\u3002<\/p>\n<p>\u5168\u7403\u80a1\u5e02\u968f\u7740\u8fd9\u4e00\u6d88\u606f\u800c\u4e0a\u6da8\u3002\u9999\u6e2f\u57fa\u51c6\u6307\u6570\u4e0a\u6da83%\uff0c\u4e0e\u7ebd\u7ea6\u6807\u51c6\u666e\u5c14500\u6307\u6570\u7684\u6da8\u5e45\u5927\u81f4\u76f8\u540c\u3002<\/p>\n<p>\u9999\u6e2f\u6295\u8d44\u516c\u53f8\u54c1\u6d69\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8\uff08Pinpoint Asset Management\uff09\u603b\u88c1\u517c\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u5f20\u667a\u5a01\u79f0\u8be5\u534f\u8bae\u662f\u4e24\u56fd\u201c\u826f\u597d\u7684\u5f00\u7aef\u201d\u3002<\/p>\n<p>\u4ed6\u8bf4\uff1a\u201c\u4ece\u4e2d\u56fd\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u8fd9\u6b21\u4f1a\u8bae\u7684\u7ed3\u679c\u662f\u6210\u529f\u7684\uff0c\u56e0\u4e3a\u4e2d\u56fd\u5bf9\u7f8e\u56fd\u7684\u9ad8\u5173\u7a0e\u5a01\u80c1\u91c7\u53d6\u4e86\u5f3a\u786c\u7acb\u573a\uff0c\u5e76\u6700\u7ec8\u6210\u529f\u5730\u5728\u4e0d\u505a\u51fa\u8ba9\u6b65\u7684\u60c5\u51b5\u4e0b\u5927\u5e45\u964d\u4f4e\u4e86\u5173\u7a0e\u3002\u201d<\/p>\n<p>\u8d1d\u68ee\u7279\u548c\u683c\u91cc\u5c14\u8868\u793a\uff0c\u4e24\u56fd\u5c31\u7f8e\u56fd\u8981\u6c42\u5317\u4eac\u6253\u51fb\u7528\u4e8e\u5236\u9020\u82ac\u592a\u5c3c\u7684\u5316\u5b66\u6210\u5206\u8d29\u8fd0\u95ee\u9898\u8fdb\u884c\u4e86\u5b9e\u8d28\u6027\u8ba8\u8bba\u3002\u8d1d\u68ee\u7279\u8bf4\uff0c\u4e2d\u65b9\u201c\u4e86\u89e3\u201d\u7f8e\u56fd\u82ac\u592a\u5c3c\u5371\u673a\u7684\u201c\u4e25\u91cd\u6027\u201d\uff0c\u5e76\u4e14\u5b58\u5728\u201c\u79ef\u6781\u7684\u672a\u6765\u8def\u5f84\u201d\u3002<\/p>\n<p>\u7279\u6717\u666e\u6700\u521d\u5bf9\u4e2d\u56fd\u51fa\u53e3\u5546\u54c1\u5f81\u653620%\u7684\u5173\u7a0e\uff0c\u6307\u8d23\u4e2d\u56fd\u5728\u963b\u6b62\u82ac\u592a\u5c3c\u6d41\u5165\u7f8e\u56fd\u65b9\u9762\u505a\u5f97\u4e0d\u591f\u3002\u8fd9\u9879\u60e9\u7f5a\u6027\u5173\u7a0e\u4ecd\u7136\u6709\u6548\uff0c\u4ee5\u53ca\u5bf9\u4e2d\u56fd\u548c\u51e0\u4e4e\u6240\u6709\u5176\u4ed6\u7f8e\u56fd\u8d38\u6613\u4f19\u4f34\u5f81\u6536\u768410%\u7684\u201c\u57fa\u7ebf\u201d\u5173\u7a0e\u3002<\/p>\n<p>\u6839\u636e\u5f7c\u5f97\u68ee\u56fd\u9645\u7ecf\u6d4e\u7814\u7a76\u6240\u7684\u6570\u636e\uff0c\u5728\u7279\u6717\u666e\u7b2c\u4e00\u4efb\u671f\u672b\u671f\u4ee5\u53ca\u6574\u4e2a\u62dc\u767b\u653f\u5e9c\u671f\u95f4\uff0c\u7f8e\u56fd\u5bf9\u4e2d\u56fd\u5546\u54c1\u7684\u5e73\u5747\u5173\u7a0e\u5f98\u5f8a\u572819%\u5de6\u53f3\uff0c\u5e76\u9002\u7528\u4e8e\u7ea6\u4e09\u5206\u4e4b\u4e8c\u7684\u4e2d\u56fd\u8fdb\u53e3\u5546\u54c1\u3002\u7279\u6717\u666e\u7b2c\u4e8c\u4efb\u671f\u5185\u5f81\u6536\u7684\u5173\u7a0e\u9002\u7528\u4e8e\u6240\u6709\u6765\u81ea\u4e2d\u56fd\u7684\u8fdb\u53e3\u5546\u54c1\u3002<\/p>\n<p>\u7279\u6717\u666e\u653f\u5e9c\u6307\u8d23\u4e2d\u56fd\u4e0d\u516c\u5e73\u5730\u8865\u8d34\u5176\u7ecf\u6d4e\u7684\u5173\u952e\u90e8\u95e8\uff0c\u5e76\u5411\u4e16\u754c\u503e\u9500\u5ec9\u4ef7\u5546\u54c1\u3002\u7279\u6717\u666e\u8868\u793a\uff0c\u4e2d\u56fd\u51e0\u5341\u5e74\u6765\u4e00\u76f4\u5728\u201c\u6572\u8bc8\u201d\u7f8e\u56fd\uff0c\u91c7\u53d6\u4e0d\u516c\u5e73\u7684\u8d38\u6613\u884c\u4e3a\uff0c\u6467\u6bc1\u4e86\u7f8e\u56fd\u7684\u5236\u9020\u4e1a\uff0c\u5e76\u5bfc\u81f4\u7f8e\u56fd\u5931\u4e1a\u3002<\/p>\n<p>\u4e2d\u56fd\u4eba\u6c11\u5927\u5b66\u91cd\u9633\u91d1\u878d\u7814\u7a76\u9662\u9662\u957f\u738b\u6587\u8868\u793a\uff0c\u8be5\u534f\u8bae\u8868\u660e\u4e86\u4e24\u56fd\u907f\u514d\u201c\u6700\u574f\u60c5\u51b5\u201d\u7684\u613f\u671b\u3002\u4ed6\u8bf4\uff0c\u4e0e\u7b2c\u4e00\u6b21\u7279\u6717\u666e\u6267\u653f\u65f6\u671f\u76f8\u6bd4\uff0c\u4e2d\u56fd\u201c\u66f4\u64c5\u957f\u201d\u5e94\u5bf9\u7b2c\u4e8c\u6b21\u7279\u6717\u666e\u6267\u653f\u7684\u8282\u594f\u548c\u98ce\u683c\u3002<\/p>\n<p>\u5728\u9610\u8ff0\u8be5\u534f\u8bae\u65f6\uff0c\u8d1d\u68ee\u7279\u548c\u683c\u91cc\u5c14\u5c0f\u5fc3\u7ffc\u7ffc\u5730\u907f\u514d\u6fc0\u6012\u4e2d\u56fd\u3002\u76f8\u53cd\uff0c\u4ed6\u4eec\u5c06\u8d38\u6613\u6218\u7684\u5927\u90e8\u5206\u8d23\u4efb\u5f52\u548e\u4e8e\u62dc\u767b\u653f\u5e9c\uff0c\u6307\u8d23\u5176\u5ffd\u89c6\u4e86\u8d38\u6613\u5931\u8861\u3002<\/p>\n<p>\u8d1d\u68ee\u7279\u6697\u793a\uff0c\u4e24\u56fd\u53ef\u4ee5\u901a\u8fc7\u5e73\u8861\u5404\u81ea\u7684\u7ecf\u6d4e\u6765\u4e92\u76f8\u5e2e\u52a9\uff0c\u7f8e\u56fd\u53ef\u4ee5\u6062\u590d\u5176\u5236\u9020\u4e1a\uff0c\u800c\u4e2d\u56fd\u53ef\u4ee5\u7f29\u51cf\u5176\u8fc7\u5ea6\u751f\u4ea7\u3002<\/p>\n<p>\u8fd1\u51e0\u5468\uff0c\u53cc\u65b9\u5728\u516c\u5f00\u573a\u5408\u4e89\u8bba\u4e0d\u4f11\u3002\u767d\u5bab\u591a\u6b21\u8868\u793a\u6b63\u5728\u4e0e\u4e2d\u56fd\u5b98\u5458\u5bf9\u8bdd\uff0c\u800c\u5317\u4eac\u65b9\u9762\u5426\u8ba4\u6b63\u5728\u8fdb\u884c\u6b64\u7c7b\u5bf9\u8bdd\u3002<\/p>\n<p>\u5317\u4eac\u6700\u521d\u5bf9\u7279\u6717\u666e\u7684\u60e9\u7f5a\u6027\u5173\u7a0e\u91c7\u53d6\u4e86\u5f3a\u786c\u7acb\u573a\u3002\u4e0a\u4e2a\u6708\uff0c\u4e2d\u56fd\u5916\u4ea4\u90e8\u9ad8\u7ea7\u53d1\u8a00\u4eba\u6bdb\u5b81\u5728X\u4e0a\u53d1\u5e03\u4e86\u4e00\u6bb5\u6bdb\u6cfd\u4e1c\u5728\u671d\u9c9c\u6218\u4e89\u671f\u95f4\u7684\u8bb2\u8bdd\u89c6\u9891\u2014\u2014\u5728\u4e2d\u56fd\u88ab\u79f0\u4e3a\u6297\u7f8e\u63f4\u671d\u6218\u4e89\u2014\u2014\u4ed6\u5728\u8bb2\u8bdd\u4e2d\u5ba3\u79f0\uff0c\u201c\u4e0d\u7ba1\u8fd9\u573a\u6218\u4e89\u8981\u6253\u591a\u4e45\uff0c\u6211\u4eec\u6c38\u8fdc\u4e0d\u4f1a\u5c48\u670d\u3002\u201d<\/p>\n<p>\u4e2d\u56fd\u5c0f\u5fc3\u7ffc\u7ffc\u5730\u5c06\u81ea\u5df1\u53c2\u4e0e\u65e5\u5185\u74e6\u8c08\u5224\u5b9a\u4f4d\u4e3a\u907f\u514d\u8fdb\u4e00\u6b65\u5347\u7ea7\u7684\u5fc5\u8981\u6b65\u9aa4\uff0c\u800c\u4e0d\u662f\u5bf9\u7279\u6717\u666e\u5173\u7a0e\u7684\u8ba9\u6b65\u3002\u4e2d\u56fd\u5546\u52a1\u90e8\u8868\u793a\uff0c\u8be5\u534f\u8bae\u201c\u7b26\u5408\u4e24\u56fd\u7684\u5229\u76ca\u548c\u4e16\u754c\u7684\u5171\u540c\u5229\u76ca\u201d\u3002<\/p>\n<p>\u81ea\u4ece\u5173\u7a0e\u5ba3\u5e03\u4ee5\u6765\uff0c\u4e2d\u56fd\u5df2\u7ecf\u6682\u505c\u4e86\u4ece\u7f8e\u56fd\u516c\u53f8\u8fdb\u53e3\u9ad8\u7cb1\u3001\u5bb6\u79bd\u548c\u9aa8\u7c89\uff0c\u5e76\u5c0627\u5bb6\u516c\u53f8\u5217\u5165\u9762\u4e34\u8d38\u6613\u9650\u5236\u7684\u516c\u53f8\u540d\u5355\u3002<\/p>\n<p>\u5468\u4e00\uff0c\u5373\u4f7f\u4e2d\u56fd\u540c\u610f\u53d6\u6d88\u8fc7\u53bb\u4e00\u4e2a\u6708\u5b9e\u65bd\u7684\u60e9\u7f5a\u6027\u63aa\u65bd\uff0c\u5305\u62ec\u5546\u52a1\u90e8\u548c\u56fd\u5bb6\u5b89\u5168\u90e8\u5728\u5185\u7684\u591a\u4e2a\u4e2d\u56fd\u673a\u6784\u4e3e\u884c\u4f1a\u8bae\uff0c\u8ba8\u8bba\u5982\u4f55\u52a0\u5f3a\u5bf9\u6218\u7565\u77ff\u4ea7\u7684\u51fa\u53e3\u7ba1\u5236\u3002<\/p>\n<p>\u4e2d\u56fd\u6b27\u76df\u5546\u4f1a\u5728\u4e00\u4efd\u58f0\u660e\u4e2d\u8868\u793a\uff0c\u5bf9\u8fd9\u4e00\u58f0\u660e\u611f\u5230\u201c\u9f13\u821e\u201d\uff0c\u4f46\u7531\u4e8e\u5173\u7a0e\u53ea\u662f\u6682\u65f6\u6682\u505c\uff0c\u56e0\u6b64\u201c\u4e0d\u786e\u5b9a\u6027\u4f9d\u7136\u5b58\u5728\u201d\u3002<\/p>\n<p>\u6b27\u6d32\u5546\u4f1a\u4e3b\u5e2d\u5f66\u8f9e\u8868\u793a\uff0c\u5b83\u201c\u5e0c\u671b\u770b\u5230\u53cc\u65b9\u7ee7\u7eed\u8fdb\u884c\u5bf9\u8bdd\u4ee5\u89e3\u51b3\u5206\u6b67\uff0c\u5e76\u907f\u514d\u91c7\u53d6\u4f1a\u6270\u4e71\u5168\u7403\u8d38\u6613\u5e76\u5bfc\u81f4\u90a3\u4e9b\u8eab\u5904\u6218\u706b\u4e2d\u7684\u4eba\u906d\u53d7\u9644\u5e26\u635f\u5bb3\u7684\u63aa\u65bd\u3002\u201d <\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>10<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u6587\u7ae0\u62a5\u9053\u4e86\u4e2d\u7f8e\u8fbe\u6210\u6682\u65f6\u524a\u51cf\u5173\u7a0e\u534f\u8bae\uff0c\u907f\u514d\u4e86\u8d38\u6613\u6218\u8fdb\u4e00\u6b65\u5347\u7ea7\uff0c\u8fd9\u5bf9\u4e8e\u4e2d\u56fd\u7ecf\u6d4e\u6765\u8bf4\u662f\u4e00\u4e2a\u79ef\u6781\u4fe1\u53f7\u3002\u6587\u7ae0\u8fd8\u63d0\u5230\u4e2d\u56fd\u5728\u6b64\u6b21\u8c08\u5224\u4e2d\u91c7\u53d6\u4e86\u5f3a\u786c\u7acb\u573a\uff0c\u5e76\u5728\u6ca1\u6709\u505a\u51fa\u8ba9\u6b65\u7684\u60c5\u51b5\u4e0b\u6210\u529f\u964d\u4f4e\u4e86\u5173\u7a0e\uff0c\u8fd9\u4f53\u73b0\u4e86\u4e2d\u56fd\u7684\u5b9e\u529b\u548c\u8c08\u5224\u6280\u5de7\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.nytimes.com\/2025\/05\/12\/business\/china-us-tariffs.html\" target=\"_blank\">U.S. and China Reach Deal to Temporarily Slash Tariffs<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-05-12<\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" style=\"text-align:left;\"><div class=\"qrcprowrapper\"  id=\"qrcwraa2leds\"><div class=\"qrc_canvass\" id=\"qrc_cuttenpages_2\" style=\"display:inline-block\" data-text=\"https:\/\/news.tomjun.com\/?p=25260\"><\/div><div><a download=\"\u3010\u6b63\u9762\u3011[nytimes]\u4e2d\u7f8e\u8d38\u6613\u6218\u7f13\u548c\uff1a\u6682\u65f6\u524a\u51cf\u5173\u7a0e.png\" class=\"qrcdownloads\" id=\"worign\">\r\n           <button type=\"button\" style=\"min-width:200px;background:#44d813;color:#000;font-weight: 600;border: 1px solid #44d813;border-radius:20px;font-size:12px;padding: 6px 0;\" class=\"uqr_code_btn\">\u6587\u7ae0\u4e8c\u7ef4\u7801<\/button>\r\n           <\/a><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>**\u4e2d\u7f8e\u8fbe\u6210\u534f\u8bae\uff0c\u6682\u65f6\u524a\u51cf\u5173\u7a0e** \u534e\u76db\u987f\u6d88\u606f\u2014\u2014\u7f8e\u4e2d\u4e24\u56fd\u5468\u4e00\u91c7\u53d6\u63aa\u65bd\uff0c\u7f13\u548c\u4e16\u754c\u4e24\u5927\u7ecf\u6d4e\u4f53\u4e4b\u95f4\u7684\u8d38\u6613\u6218\uff0c\u540c\u610f\u6682 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[79],"tags":[234,93,303,117,3350],"class_list":["post-25260","post","type-post","status-publish","format-standard","hentry","category-79","tag-234","tag-93","tag-303","tag-117","tag-3350"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/25260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25260"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/25260\/revisions"}],"predecessor-version":[{"id":25261,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/25260\/revisions\/25261"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25260"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25260"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}