{"id":36858,"date":"2025-09-23T09:12:05","date_gmt":"2025-09-23T01:12:05","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=36858"},"modified":"2025-09-23T09:12:05","modified_gmt":"2025-09-23T01:12:05","slug":"%e3%80%90%e8%b4%9f%e9%9d%a2%e3%80%91bloomberg%e7%89%b9%e6%9c%97%e6%99%ae%e5%85%b3%e7%a8%8e%e5%90%8e%ef%bc%8c%e4%b8%ad%e5%9b%bd%e5%bb%89%e4%bb%b7%e5%95%86%e5%93%81%e6%b6%8c%e5%90%91%e5%85%a8%e7%90%83","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=36858","title":{"rendered":"\u3010\u8d1f\u9762\u3011[bloomberg]\u7279\u6717\u666e\u5173\u7a0e\u540e\uff0c\u4e2d\u56fd\u5ec9\u4ef7\u5546\u54c1\u6d8c\u5411\u5168\u7403"},"content":{"rendered":"<p>\u5728\u7279\u6717\u666e\u653f\u5e9c\u5bf9\u534e\u5546\u54c1\u52a0\u5f81\u5173\u7a0e\u4e94\u4e2a\u6708\u540e\uff0c\u4e2d\u56fd\u5f3a\u5927\u7684\u51fa\u53e3\u5f15\u64ce\u5e76\u672a\u56e0\u6b64\u505c\u6ede\uff0c\u53cd\u800c\u63a8\u52a8\u4e2d\u56fd\u51fa\u53e3\u989d\u903c\u8fd1\u5386\u53f2\u65b0\u9ad8\u3002\u7531\u4e8e\u8fdb\u5165\u7f8e\u56fd\u5e02\u573a\u7684\u901a\u9053\u53d7\u9650\uff0c\u4e2d\u56fd\u5236\u9020\u5546\u5e76\u672a\u9000\u7f29\uff1a\u5bf9\u5370\u5ea6\u7684\u51fa\u53e3\u989d\u57288\u6708\u4efd\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c\u5bf9\u975e\u6d32\u7684\u51fa\u53e3\u989d\u6709\u671b\u521b\u4e0b\u5e74\u5ea6\u7eaa\u5f55\uff0c\u5bf9\u4e1c\u5357\u4e9a\u7684\u9500\u552e\u989d\u4e5f\u8d85\u8fc7\u4e86\u75ab\u60c5\u671f\u95f4\u7684\u5cf0\u503c\u3002<\/p>\n<p>\u8fd9\u79cd\u5168\u9762\u589e\u957f\u5f15\u8d77\u4e86\u6d77\u5916\u7684\u8b66\u60d5\u3002\u5404\u56fd\u653f\u5e9c\u90fd\u5728\u6743\u8861\uff0c\u4e00\u65b9\u9762\u662f\u672c\u56fd\u4ea7\u4e1a\u53ef\u80fd\u53d7\u5230\u7684\u635f\u5bb3\uff0c\u53e6\u4e00\u65b9\u9762\u662f\u5f97\u7f6a\u5317\u4eac\u7684\u98ce\u9669\u2014\u2014\u6bd5\u7adf\uff0c\u4e2d\u56fd\u662f\u5168\u7403\u8fc7\u534a\u6570\u56fd\u5bb6\u7684\u6700\u5927\u8d38\u6613\u4f19\u4f34\u3002\u76ee\u524d\u4e3a\u6b62\uff0c\u4eca\u5e74\u516c\u5f00\u53cd\u51fb\u7684\u53ea\u6709\u58a8\u897f\u54e5\u2014\u2014\u5bf9\u5305\u62ec\u6c7d\u8f66\u3001\u6c7d\u8f66\u96f6\u90e8\u4ef6\u548c\u94a2\u94c1\u5728\u5185\u7684\u4e2d\u56fd\u4ea7\u54c1\u5f81\u6536\u9ad8\u8fbe50%\u7684\u5173\u7a0e\u2014\u2014\u4f46\u5176\u4ed6\u56fd\u5bb6\u4e5f\u9762\u4e34\u7740\u8d8a\u6765\u8d8a\u5927\u7684\u91c7\u53d6\u884c\u52a8\u7684\u538b\u529b\u3002\u636e\u4e00\u4f4d\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u8fd1\u51e0\u5468\uff0c\u5370\u5ea6\u5f53\u5c40\u6536\u5230\u4e8650\u4efd\u9488\u5bf9\u5305\u62ec\u4e2d\u56fd\u548c\u8d8a\u5357\u5728\u5185\u7684\u56fd\u5bb6\u5546\u54c1\u503e\u9500\u7684\u8c03\u67e5\u7533\u8bf7\u3002\u7531\u4e8e\u4fe1\u606f\u5c1a\u672a\u516c\u5f00\uff0c\u8be5\u4eba\u58eb\u8981\u6c42\u533f\u540d\u3002\u5370\u5ea6\u5c3c\u897f\u4e9a\u8d38\u6613\u90e8\u957f\u627f\u8bfa\u5c06\u6253\u51fb\u975e\u6cd5\u5546\u54c1\uff0c\u6b64\u524d\uff0c\u4e2d\u56fd\u5546\u8d29\u70ab\u8000\u4ee5\u4f4e\u81f380\u7f8e\u5206\u7684\u4ef7\u683c\u5411\u4e3b\u8981\u57ce\u5e02\u51fa\u53e3\u725b\u4ed4\u88e4\u548c\u886c\u886b\u7684\u89c6\u9891\u5728\u7f51\u4e0a\u75af\u4f20\uff0c\u5f15\u53d1\u4e86\u5f3a\u70c8\u6297\u8bae\u3002<\/p>\n<p>\u5c3d\u7ba1\u9762\u4e34\u79cd\u79cd\u538b\u529b\uff0c\u4f46\u91c7\u53d6\u66f4\u6709\u610f\u4e49\u884c\u52a8\u7684\u53ef\u80fd\u6027\u6709\u9650\u3002\u90a3\u4e9b\u5df2\u7ecf\u4e0e\u7279\u6717\u666e\u653f\u5e9c\u9677\u5165\u5173\u7a0e\u8c08\u5224\u7684\u56fd\u5bb6\uff0c\u4f3c\u4e4e\u4e0d\u613f\u4e0e\u4e16\u754c\u7b2c\u4e8c\u5927\u7ecf\u6d4e\u4f53\u53e6\u8d77\u4e00\u573a\u8d38\u6613\u6218\u3002\u8fd9\u4f7f\u5f97\u5317\u4eac\u5f97\u4ee5\u5598\u606f\uff0c\u6446\u8131\u4e86\u7f8e\u56fd\u52a0\u5f81\u5173\u7a0e\u5e26\u6765\u7684\u538b\u529b\u2014\u2014\u7ecf\u6d4e\u5b66\u5bb6\u6b64\u524d\u8ba4\u4e3a\uff0c\u8fd9\u4e9b\u5173\u7a0e\u4f1a\u4f7f\u4e2d\u56fd\u5e74\u5ea6\u7ecf\u6d4e\u589e\u957f\u7387\u51cf\u534a\u3002\u201c\u8fd9\u79cd\u514b\u5236\u7684\u53cd\u5e94\u53ef\u80fd\u53d7\u5230\u4e86\u6b63\u5728\u8fdb\u884c\u7684\u7f8e\u4e2d\u8d38\u6613\u8c08\u5224\u7684\u5f71\u54cd\uff0c\u201d Gavekal Dragonomics \u7684\u4e2d\u56fd\u7814\u7a76\u526f\u4e3b\u4efb\u8868\u793a\uff0c\u201c\u4e00\u4e9b\u56fd\u5bb6\u53ef\u80fd\u4e0d\u60f3\u88ab\u89c6\u4e3a\u7834\u574f\u5168\u7403\u8d38\u6613\u4f53\u7cfb\u3002\u4e00\u4e9b\u56fd\u5bb6\u4e5f\u53ef\u80fd\u6682\u7f13\u5bf9\u4e2d\u56fd\u5f81\u6536\u5173\u7a0e\uff0c\u4ee5\u4fbf\u5728\u4e0e\u7f8e\u56fd\u8fdb\u884c\u8d38\u6613\u8c08\u5224\u65f6\u5c06\u5176\u4f5c\u4e3a\u8ba9\u6b65\u6761\u4ef6\u3002\u201d<\/p>\n<p>\u5404\u56fd\u5b98\u5458\u5728\u4fdd\u62a4\u672c\u56fd\u7ecf\u6d4e\u514d\u53d7\u5317\u4eac\u5f71\u54cd\u65f6\uff0c\u90fd\u5c0f\u5fc3\u7ffc\u7ffc\u3002\u5357\u975e\u8d38\u6613\u90e8\u957f\u53cd\u5bf9\u5bf9\u4e2d\u56fd\u6c7d\u8f66\u51fa\u53e3\u5f81\u6536\u60e9\u7f5a\u6027\u5173\u7a0e\u2014\u2014\u4eca\u5e74\u51e0\u4e4e\u7ffb\u4e86\u4e00\u756a\u2014\u2014\u800c\u662f\u5bfb\u6c42\u66f4\u591a\u6295\u8d44\u3002\u5728\u4e2d\u56fd\u7684\u7535\u5546\u5de8\u5934 Temu \u81ea1\u6708\u4efd\u4ee5\u6765\u5728\u62c9\u4e01\u7f8e\u6d32\u7684\u6708\u6d3b\u8dc3\u7528\u6237\u98d9\u5347143%\u4e4b\u540e\uff0c\u667a\u5229\u548c\u5384\u74dc\u591a\u5c14\u6b63\u5728\u6084\u6084\u5730\u8bc4\u4f30\u5bf9\u4f4e\u6210\u672c\u8fdb\u53e3\u5546\u54c1\u5f81\u6536\u6709\u9488\u5bf9\u6027\u7684\u8d39\u7528\u3002\u867d\u7136\u5df4\u897f\u5a01\u80c1\u8981\u91c7\u53d6\u66f4\u5f3a\u786c\u7684\u62a5\u590d\u884c\u52a8\uff0c\u4f46\u4eca\u5e74\u590f\u5929\uff0c\u5b83\u7ed9\u4e88\u4e86\u4e2d\u56fd\u6700\u5927\u7684\u7535\u52a8\u6c7d\u8f66\u5236\u9020\u5546\u6bd4\u4e9a\u8fea\u514d\u5173\u7a0e\u5f85\u9047\uff0c\u4ee5\u63d0\u9ad8\u5f53\u5730\u4ea7\u91cf\u3002<\/p>\n<p>\u5317\u4eac\u6b63\u5728\u5229\u7528\u5916\u4ea4\u9b45\u529b\u548c\u7ecf\u6d4e\u5a01\u80c1\uff0c\u963b\u6b62\u5404\u56fd\u91c7\u53d6\u76f4\u63a5\u62a5\u590d\u884c\u52a8\u3002\u672c\u6708\u65e9\u4e9b\u65f6\u5019\uff0c\u4e2d\u56fd\u56fd\u5bb6\u4e3b\u5e2d\u5728\u91d1\u7816\u56fd\u5bb6\u9886\u5bfc\u4eba\u7535\u8bdd\u4f1a\u8bae\u4e0a\u547c\u5401\u5404\u56fd\u56e2\u7ed3\u8d77\u6765\uff0c\u53cd\u5bf9\u4fdd\u62a4\u4e3b\u4e49\uff0c\u800c\u4e2d\u56fd\u5546\u52a1\u90e8\u5b98\u5458\u5219\u8b66\u544a\u58a8\u897f\u54e5\u5728\u91c7\u53d6\u884c\u52a8\u524d\u201c\u4e09\u601d\u201d\uff0c\u660e\u786e\u8868\u793a\u6b64\u7c7b\u4e3e\u63aa\u5c06\u62db\u81f4\u62a5\u590d\u3002\u66f4\u4ee4\u4eba\u62c5\u5fe7\u7684\u662f\uff0c\u7279\u6717\u666e\u6b63\u5728\u5411\u5317\u7ea6\u56fd\u5bb6\u65bd\u538b\uff0c\u8981\u6c42\u5bf9\u4e2d\u56fd\u652f\u6301\u4fc4\u7f57\u65af\u7684\u884c\u4e3a\u5f81\u6536\u9ad8\u8fbe100%\u7684\u5173\u7a0e\u3002\u5f6d\u535a\u7ecf\u6d4e\u7814\u7a76\u9662\u7684\u7ecf\u6d4e\u5b66\u5bb6\u8ba4\u4e3a\uff0c\u5982\u679c\u7f8e\u56fd\u9886\u5bfc\u4eba\u7ea0\u96c6\u5176\u4ed6\u56fd\u5bb6\u8054\u624b\u5bf9\u4ed8\u4e2d\u56fd\uff0c\u5c06\u4f7f\u5176\u5e94\u5bf9\u56fd\u5185\u6311\u6218\uff08\u5982\u957f\u671f\u5b58\u5728\u7684\u623f\u5730\u4ea7\u5371\u673a\u548c\u4eba\u53e3\u8001\u9f84\u5316\uff09\u53d8\u5f97\u66f4\u52a0\u56f0\u96be\u3002\u201c\u5317\u4eac\u53ef\u80fd\u4f1a\u7acb\u5373\u4ee5\u5bf9\u7b49\u5173\u7a0e\u53cd\u51fb\uff0c\u4f46\u8fd9\u53ef\u80fd\u4f1a\u758f\u8fdc\u76df\u53cb\uff0c\u800c\u4e2d\u56fd\u76ee\u524d\u6b63\u8feb\u5207\u9700\u8981\u76df\u53cb\uff0c\u201d \u4ed6\u4eec\u8868\u793a\uff0c\u201c\u968f\u7740\u65f6\u95f4\u7684\u63a8\u79fb\uff0c\u8fd9\u4e5f\u53ef\u80fd\u9f13\u52b1\u4f01\u4e1a\u5c06\u751f\u4ea7\u672c\u5730\u5316\uff0c\u8f6c\u79fb\u5230\u4f19\u4f34\u56fd\u5bb6\u3002\u201d<\/p>\n<p>\u5c3d\u7ba1\u4e2d\u56fd\u51fa\u53e3\u5546\u6b63\u5728\u9006\u52bf\u800c\u4e0a\uff0c\u4f46\u8d38\u6613\u989d\u7684\u98d9\u5347\u5e76\u672a\u8ba9\u4ed6\u4eec\u53d8\u5f97\u66f4\u5bcc\u6709\uff0c\u4e5f\u65e0\u52a9\u4e8e\u89e3\u51b3\u56fd\u5185\u95ee\u9898\u3002\u4eca\u5e74\u524d\u4e03\u4e2a\u6708\uff0c\u5de5\u4e1a\u4f01\u4e1a\u7684\u5229\u6da6\u4e0b\u964d\u4e861.7%\uff0c\u56e0\u4e3a\u5236\u9020\u5546\u8bd5\u56fe\u5728\u4e60\u8fd1\u5e73\u4e3b\u5e2d\u201c\u53cd\u5185\u5377\u201d\u7684\u63a8\u52a8\u4e0b\u51cf\u5c11\u56fd\u5185\u4ea7\u80fd\u8fc7\u5269\uff0c\u4ece\u800c\u5927\u5e45\u964d\u4f4e\u4ef7\u683c\u4ee5\u589e\u52a0\u6d77\u5916\u9500\u91cf\u3002\u8fd9\u53ea\u4f1a\u52a0\u5267\u4e2d\u56fd\u6301\u7eed\u7684\u901a\u8d27\u7d27\u7f29\uff0c\u9884\u8ba1\u8fd9\u5c06\u662f\u4e2d\u56fd\u81ea\u4e0a\u4e16\u7eaa70\u5e74\u4ee3\u672b\u5f00\u59cb\u5bf9\u5916\u5f00\u653e\u4ee5\u6765\u6301\u7eed\u65f6\u95f4\u6700\u957f\u7684\u4e00\u6b21\u3002\u51fa\u53e3\u7684\u6fc0\u589e\u4e5f\u53ef\u80fd\u7834\u574f\u5317\u4eac\u4e3a\u5b9e\u73b0\u7ecf\u6d4e\u518d\u5e73\u8861\u3001\u523a\u6fc0\u6d88\u8d39\u7684\u52aa\u529b\u2014\u2014\u8fd9\u4e0e\u7f8e\u56fd\u8d22\u653f\u90e8\u957f\u8036\u4f26\u7b49\u5916\u56fd\u5b98\u5458\u7684\u547c\u5401\u80cc\u9053\u800c\u9a70\uff0c\u540e\u8005\u6566\u4fc3\u5317\u4eac\u5c06\u523a\u6fc0\u4e2d\u56fd\u6d88\u8d39\u4f5c\u4e3a\u672a\u6765\u4e94\u5e74\u53d1\u5c55\u84dd\u56fe\u7684\u652f\u67f1\u3002\u4e2d\u56fd\u6982\u8ff0\u8fd9\u4e9b\u8ba1\u5212\u7684\u653f\u7b56\u6587\u4ef6\u5c06\u6210\u4e3a\u5373\u5c06\u53ec\u5f00\u7684\u5171\u4ea7\u515a\u91cd\u8981\u4f1a\u8bae\u7684\u7126\u70b9\u3002\u5bf9\u4e8e\u4e60\u8fd1\u5e73\u6765\u8bf4\uff0c\u8fd9\u4e9b\u98ce\u9669\u53ef\u80fd\u662f\u6709\u4ef7\u503c\u7684\u3002\u5411\u4e16\u754c\u8868\u660e\u4e2d\u56fd\u5e76\u4e0d\u9700\u8981\u7f8e\u56fd\u6d88\u8d39\u8005\uff0c\u8fd9\u6709\u52a9\u4e8e\u4ed6\u5728\u4e0e\u7279\u6717\u666e\u5728\u97e9\u56fd\u4e3e\u884c\u7684\u5cf0\u4f1a\u4e0a\u8fdb\u884c\u7684\u9ad8\u98ce\u9669\u4f1a\u6664\u4e2d\u5360\u636e\u4f18\u52bf\u3002\u4e16\u754c\u6700\u5927\u7684\u4e24\u4e2a\u7ecf\u6d4e\u4f53\u4ecd\u5728\u6572\u5b9a\u53ef\u80fd\u7684\u8d38\u6613\u534f\u8bae\uff0c\u76ee\u524d\u6682\u505c\u5f81\u6536\u9ad8\u8fbe145%\u7684\u5173\u7a0e\uff0c\u4ee5\u7ef4\u6301\u548c\u5e73\u3002<\/p>\n<p>\u65e9\u5728\u7279\u6717\u666e\u4eca\u5e744\u6708\u4ee5\u7f8e\u56fd\u81ea\u5927\u8427\u6761\u4ee5\u6765\u6700\u4e25\u5389\u7684\u5173\u7a0e\u9707\u60ca\u4e16\u754c\u4e4b\u524d\uff0c\u9762\u4e34\u6570\u767e\u4e07\u5236\u9020\u4e1a\u5c97\u4f4d\u98ce\u9669\u7684\u65b0\u5174\u5e02\u573a\uff0c\u5c31\u5df2\u7ecf\u5bf9\u4e2d\u56fd\u5546\u54c1\u7684\u6d8c\u5165\u611f\u5230\u62c5\u5fe7\u3002\u5370\u5ea6\u5c3c\u897f\u4e9a\u524d\u603b\u7edf\u5a01\u80c1\u8981\u5f81\u6536\u4fdd\u969c\u5173\u7a0e\u4ee5\u4fdd\u62a4\u5f53\u5730\u4ea7\u4e1a\uff0c\u800c\u9a6c\u6765\u897f\u4e9a\u5df2\u7ecf\u63d0\u9ad8\u4e86\u4e2d\u56fd\u94a2\u94c1\u7684\u5173\u7a0e\u3002\u751a\u81f3\u8d8a\u5357\u4e5f\u5bf9\u524a\u5f31\u5f53\u5730\u5356\u5bb6\u7684\u4e2d\u56fd\u5728\u7ebf\u96f6\u552e\u5de8\u5934\u91c7\u53d6\u4e86\u884c\u52a8\u3002<\/p>\n<p>\u6700\u7ec8\uff0c\u5916\u56fd\u9886\u5bfc\u4eba\u5f88\u96be\u4fdd\u62a4\u672c\u56fd\u7ecf\u6d4e\u514d\u53d7\u4e2d\u56fd\u5e9e\u5927\u5de5\u5382\u7684\u5f71\u54cd\u3002\u201c\u6765\u81ea\u7f8e\u56fd\u548c\u5176\u4ed6\u56fd\u5bb6\u7684\u4fdd\u62a4\u4e3b\u4e49\u5df2\u7ecf\u53d8\u6210\u7eb8\u8001\u864e\uff0c\u56e0\u4e3a\u4e2d\u56fd\u51fa\u53e3\u5546\u6781\u5177\u7ade\u4e89\u529b\uff0c\u201dGavekal Dragonomics \u7684\u7814\u7a76\u4e3b\u7ba1\u8868\u793a\u3002\u4ed6\u4eec\u201c\u53ef\u4ee5\u6d88\u5316\u90e8\u5206\u5173\u7a0e\u51b2\u51fb\uff0c\u5e76\u4e14\u53ef\u4ee5\u901a\u8fc7\u8f6c\u8fd0\u548c\u5c06\u540e\u671f\u751f\u4ea7\u8f6c\u79fb\u5230\u4f4e\u5173\u7a0e\u56fd\u5bb6\u6765\u627e\u5230\u5f88\u591a\u53d8\u901a\u529e\u6cd5\u3002\u201d\u67ec\u57d4\u5be8\u592e\u884c\u884c\u957f\u5766\u7387\u5730\u8c08\u5230\u4e86\u4f9d\u8d56\u5317\u4eac\u7684\u5c0f\u578b\u7ecf\u6d4e\u4f53\u6b63\u5728\u8fdb\u884c\u7684\u5e73\u8861\u3002\u201c\u6211\u4eec\u7684\u786e\u4ece\u4e2d\u56fd\u8fdb\u53e3\u5f88\u591a\uff0c\u201d \u5979\u672c\u6708\u65e9\u4e9b\u65f6\u5019\u5728\u63a5\u53d7\u5f6d\u535a\u7535\u89c6\u53f0\u91c7\u8bbf\u65f6\u8868\u793a\uff0c\u5f53\u88ab\u95ee\u53ca\u4e2d\u56fd\u503e\u9500\u65f6\uff0c\u201c\u6211\u4eec\u5728\u5916\u56fd\u76f4\u63a5\u6295\u8d44\u65b9\u9762\u4e5f\u5f88\u4f9d\u8d56\u4e2d\u56fd\u3002\u201d\u867d\u7136\u5bf9\u8d8a\u5357\u7684\u51fa\u53e3\u989d\u4e0a\u5347\u8868\u660e\uff0c\u90e8\u5206\u539f\u672c\u8fd0\u5f80\u7f8e\u56fd\u548c\u5176\u4ed6\u5730\u533a\u7684\u5546\u54c1\u6b63\u5728\u88ab\u8f6c\u79fb\u4ee5\u7ed5\u8fc7\u7279\u6717\u666e\u7684\u5173\u7a0e\u58c1\u5792\uff0c\u4f46\u8fd9\u53ea\u662f\u5176\u4e2d\u4e00\u90e8\u5206\u3002\u5bf9\u4e2d\u56fd\u4e16\u754c\u9886\u5148\u7684\u9ad8\u79d1\u6280\u521b\u65b0\u7684\u9700\u6c42\uff0c\u5e2e\u52a9\u63a8\u52a8\u4e86\u8fd1\u671f\u7684\u5927\u90e8\u5206\u8d38\u6613\u3002\u5bf9\u6b27\u6d32\u548c\u6fb3\u5927\u5229\u4e9a\u7b49\u5bcc\u88d5\u5e02\u573a\u9500\u552e\u989d\u7684\u4e0a\u5347\u4e5f\u8868\u660e\uff0c\u5317\u4eac\u53ea\u662f\u4e3a\u8bb8\u591a\u4ea7\u54c1\u627e\u5230\u4e86\u65b0\u7684\u4e70\u5bb6\u3002<\/p>\n<p>\u5370\u5ea6\u8868\u660e\uff0c\u7279\u6717\u666e\u5bf9\u5168\u7403\u8d38\u6613\u683c\u5c40\u7684\u91cd\u5851\u6b63\u5728\u4ee5\u65b0\u7684\u65b9\u5f0f\u4f7f\u5317\u4eac\u53d7\u76ca\u3002\u5bf9\u4e2d\u56fd\u90bb\u56fd\u7684\u51fa\u53e3\u989d\u4e0a\u4e2a\u6708\u521b\u4e0b\u5386\u53f2\u65b0\u9ad8\uff0c\u8fd9\u4e3b\u8981\u662f\u7531\u4e8e\u82f9\u679c\u516c\u53f8\u7684\u4f9b\u5e94\u5546\u6b63\u5728\u8fc5\u901f\u5c06 iPhone \u7684\u7ec4\u88c5\u4ece\u4e9a\u6d32\u90bb\u56fd\u8f6c\u79fb\u5230\u5370\u5ea6\u3002\u7136\u800c\uff0c\u8fd9\u4e9b\u516c\u53f8\u4ecd\u7136\u4f9d\u8d56\u4e8e\u4e3b\u8981\u5728\u4e2d\u56fd\u5236\u9020\u7684\u96f6\u90e8\u4ef6\u548c\u5de5\u5177\u3002\u6839\u636e\u5317\u4eac\u53d1\u5e03\u7684\u6570\u636e\uff0c\u4eca\u5e747\u6708\uff0c\u4e2d\u56fd\u4f01\u4e1a\u5411\u5370\u5ea6\u8fd0\u9001\u4e86\u4ef7\u503c\u8fd110\u4ebf\u7f8e\u5143\u7684\u7535\u8111\u82af\u7247\uff0c\u4ee5\u53ca\u4ef7\u503c\u6570\u5341\u4ebf\u7f8e\u5143\u7684\u624b\u673a\u548c\u96f6\u90e8\u4ef6\u3002\u8fd9\u4f7f\u5f97\u51fa\u53e3\u989d\u6709\u671b\u8d85\u8fc7\u53bb\u5e74\u7684\u7eaa\u5f55\uff0c\u4eca\u5e74\u8fc4\u4eca\u4e3a\u6b62\u7684\u8d38\u6613\u987a\u5dee\u51e0\u4e4e\u4e0e2021\u5e74\u5168\u5e74\u4e00\u6837\u5927\u3002<\/p>\n<p>\u6469\u6839\u5927\u901a\u9996\u5e2d\u5370\u5ea6\u7ecf\u6d4e\u5b66\u5bb6\u8868\u793a\uff1a\u201c\u4e2d\u56fd\u4e0a\u534a\u5e74\u7684\u8868\u73b0\u597d\u4e8e\u9884\u671f\uff0c\u90e8\u5206\u539f\u56e0\u662f\uff0c\u4e2d\u56fd\u975e\u5e38\u5de7\u5999\u5730\u627e\u5230\u4e86\u5176\u4ed6\u51fa\u53e3\u5e02\u573a\uff0c\u5305\u62ec\u6b27\u6d32\uff0c\u8fd9\u5728\u5f88\u5927\u7a0b\u5ea6\u4e0a\u5bf9\u51b2\u4e86\u5bf9\u7f8e\u56fd\u51fa\u53e3\u7684\u653e\u7f13\u3002\u201d<\/p>\n<p>\u75b2\u8f6f\u7684\u8d27\u5e01\u4e3a\u4e2d\u56fd\u63d0\u4f9b\u4e86\u53e6\u4e00\u4e2a\u4f18\u52bf\u3002\u4eba\u6c11\u5e01\u5151\u6b27\u5143\u7b49\u8d27\u5e01\u4e0e\u7f8e\u5143\u4e00\u9053\u8d2c\u503c\u3002\u9ea6\u683c\u7406\u94f6\u884c\u6b64\u524d\u4f30\u8ba1\uff0c\u4eba\u6c11\u5e01\u5b9e\u9645\u6709\u6548\u6c47\u7387\u2014\u2014\u8be5\u6c47\u7387\u8003\u8651\u4e86\u4e00\u4e2a\u56fd\u5bb6\u4e0e\u5176\u4e3b\u8981\u8d38\u6613\u4f19\u4f34\u4e4b\u95f4\u7684\u901a\u8d27\u81a8\u80c0\u5dee\u5f02\u2014\u2014\u5904\u4e8e2011\u5e7412\u6708\u4ee5\u6765\u7684\u6700\u5f31\u6c34\u5e73\u3002\u7f8e\u8054\u50a8\u672c\u6708\u964d\u606f\u53ef\u80fd\u4f1a\u8fdb\u4e00\u6b65\u62d6\u7d2f\u7f8e\u5143\uff0c\u5e76\u53ef\u80fd\u62d6\u7d2f\u4eba\u6c11\u5e01\u8d70\u4f4e\uff0c\u4ece\u800c\u63d0\u632f\u5168\u7403\u9700\u6c42\uff0c\u540c\u65f6\u4e5f\u63d0\u9ad8\u4e2d\u56fd\u51fa\u53e3\u7684\u7ade\u4e89\u529b\u3002<\/p>\n<p>\u5c3d\u7ba1\u4e16\u754c\u5404\u5730\u4e00\u7247\u60ca\u6115\uff0c\u4f46\u8981\u963b\u6b62\u4ece\u4e2d\u56fd\u503e\u6cfb\u800c\u4e0b\u7684\u5546\u54c1\u6d2a\u6d41\u5e76\u975e\u6613\u4e8b\u3002\u5c3d\u7ba1\u7f8e\u56fd\u548c\u52a0\u62ff\u5927\u91c7\u53d6\u63aa\u65bd\uff0c\u901a\u8fc7\u60e9\u7f5a\u6027\u5173\u7a0e\u548c\u7981\u4ee4\u6765\u904f\u5236\u4e2d\u56fd\u7535\u52a8\u6c7d\u8f66\u7684\u51fa\u53e3\uff0c\u4f46\u4e2d\u56fd\u7535\u52a8\u6c7d\u8f66\u7684\u51fa\u53e3\u4ecd\u5728\u7ee7\u7eed\u5f3a\u52b2\u589e\u957f\u3002\u4eca\u5e74\u524d\u4e03\u4e2a\u6708\uff0c\u6bd4\u4e9a\u8fea\u7b49\u6c7d\u8f66\u5236\u9020\u5546\u51fa\u53e3\u4e86\u4ef7\u503c\u8d85\u8fc7190\u4ebf\u7f8e\u5143\u7684\u7535\u52a8\u6c7d\u8f66\uff0c\u4e0e\u53bb\u5e74\u540c\u671f\u6301\u5e73\uff0c\u5176\u4e2d\u6b27\u6d32\u662f\u6700\u5927\u7684\u5e02\u573a\uff0c\u5373\u4f7f\u5728\u6b27\u76df\u53bb\u5e7410\u6708\u5f81\u6536\u5173\u7a0e\u4e4b\u540e\u4e5f\u662f\u5982\u6b64\u3002Absolute Strategy Research \u7684 Adam Wolfe \u8ba4\u4e3a\uff0c\u4e2d\u56fd\u6bd4\u8bb8\u591a\u5176\u4ed6\u56fd\u5bb6\u66f4\u6709\u80fd\u529b\u627e\u5230\u7f8e\u56fd\u7684\u66ff\u4ee3\u5e02\u573a\u3002\u5176\u5206\u6790\u663e\u793a\uff0c\u4e2d\u56fd\u5411\u7f8e\u56fd\u9500\u552e\u7684\u4ea7\u54c1\u4e0e\u5411\u91d1\u7816\u56fd\u5bb6\u51fa\u53e3\u7684\u4ea7\u54c1\u4e4b\u95f4\u51e0\u4e4e\u6709 50% \u7684\u91cd\u53e0\uff0c\u8fd9\u8868\u660e\u7f8e\u56fd\u4e0d\u518d\u8d2d\u4e70\u7684\u5927\u90e8\u5206\u4ea7\u54c1\u53ef\u4ee5\u8fd0\u5f80\u5176\u4ed6\u5e02\u573a\u3002\u201c\u4e2d\u56fd\u5df2\u7ecf\u8868\u73b0\u51fa\u8fdb\u5165\u5176\u4ed6\u5e02\u573a\u5e76\u83b7\u5f97\u6d77\u5916\u5e02\u573a\u4efd\u989d\u7684\u80fd\u529b\uff0c\u800c\u4e14\u8fd9\u79cd\u60c5\u51b5\u53ef\u80fd\u4f1a\u7ee7\u7eed\u4e0b\u53bb\uff0c\u201d Wolfe \u8bf4\uff0c\u201c\u6211\u4e0d\u8ba4\u4e3a\u4e2d\u56fd\u4eca\u5e74\u7684\u51fa\u53e3\u989d\u4f1a\u51fa\u73b0\u840e\u7f29\u3002\u201d <\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>-30<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u6587\u7ae0\u5f3a\u8c03\u4e86\u4e2d\u56fd\u5ec9\u4ef7\u5546\u54c1\u6d8c\u5165\u5168\u7403\u5e02\u573a\u53ef\u80fd\u5bf9\u5176\u4ed6\u56fd\u5bb6\u9020\u6210\u7684\u8d1f\u9762\u5f71\u54cd\uff0c\u6697\u793a\u4e2d\u56fd\u7684\u51fa\u53e3\u884c\u4e3a\u53ef\u80fd\u52a0\u5267\u5168\u7403\u8d38\u6613\u7d27\u5f20\uff0c\u5e76\u5bf9\u5176\u4ed6\u56fd\u5bb6\u7684\u4ea7\u4e1a\u6784\u6210\u5a01\u80c1\u3002\u540c\u65f6\uff0c\u6587\u7ae0\u4e5f\u63d0\u5230\u4e86\u4e2d\u56fd\u9762\u4e34\u7684\u56fd\u5185\u7ecf\u6d4e\u95ee\u9898\uff0c\u5982\u5229\u6da6\u4e0b\u964d\u548c\u901a\u8d27\u7d27\u7f29\uff0c\u6697\u793a\u4e2d\u56fd\u7ecf\u6d4e\u5e76\u975e\u5b8c\u7f8e\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-09-22\/china-floods-world-with-record-amount-of-cheap-goods-after-trump-s-tariffs\" target=\"_blank\">China Floods World With Record Amount of Cheap Goods After Trump\u2019s Tariffs<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-09-22<\/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=36858\"><\/div><div><a download=\"\u3010\u8d1f\u9762\u3011[bloomberg]\u7279\u6717\u666e\u5173\u7a0e\u540e\uff0c\u4e2d\u56fd\u5ec9\u4ef7\u5546\u54c1\u6d8c\u5411\u5168\u7403.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>\u5728\u7279\u6717\u666e\u653f\u5e9c\u5bf9\u534e\u5546\u54c1\u52a0\u5f81\u5173\u7a0e\u4e94\u4e2a\u6708\u540e\uff0c\u4e2d\u56fd\u5f3a\u5927\u7684\u51fa\u53e3\u5f15\u64ce\u5e76\u672a\u56e0\u6b64\u505c\u6ede\uff0c\u53cd\u800c\u63a8\u52a8\u4e2d\u56fd\u51fa\u53e3\u989d\u903c\u8fd1\u5386\u53f2\u65b0\u9ad8\u3002\u7531\u4e8e\u8fdb\u5165 [&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":[12118,93,78,303,1842],"class_list":["post-36858","post","type-post","status-publish","format-standard","hentry","category-79","tag-12118","tag-93","tag-78","tag-303","tag-1842"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/36858","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=36858"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/36858\/revisions"}],"predecessor-version":[{"id":36859,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/36858\/revisions\/36859"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}