{"id":38936,"date":"2025-10-20T23:20:58","date_gmt":"2025-10-20T15:20:58","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=38936"},"modified":"2025-10-20T23:20:58","modified_gmt":"2025-10-20T15:20:58","slug":"%e3%80%90%e8%b4%9f%e9%9d%a2%e3%80%91bloomberg%e4%b8%ad%e5%9b%bd%e7%bb%8f%e6%b5%8e%e5%a2%9e%e9%95%bf%e6%a8%a1%e5%bc%8f%e5%bc%95%e5%85%b3%e6%b3%a8","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=38936","title":{"rendered":"\u3010\u8d1f\u9762\u3011[bloomberg]\u4e2d\u56fd\u7ecf\u6d4e\u589e\u957f\u6a21\u5f0f\u5f15\u5173\u6ce8"},"content":{"rendered":"<p>\u4e2d\u56fd\u7ecf\u6d4e\u7684\u589e\u957f\u6a21\u5f0f\u6b63\u65e5\u76ca\u53d7\u5230\u5173\u6ce8\uff0c\u5c24\u5176\u662f\u5728\u9886\u5bfc\u5c42\u9f50\u805a\u5317\u4eac\uff0c\u89c4\u5212\u56fd\u5bb6\u672a\u6765\u4e94\u5e74\u53d1\u5c55\u84dd\u56fe\u4e4b\u9645\u3002\u51fa\u53e3\u7684\u7e41\u8363\u652f\u6491\u7740\u4e2d\u56fd\u5de5\u5382\u7684\u751f\u4ea7\uff0c\u4f7f\u5176\u80fd\u591f\u8fbe\u5230\u4eca\u5e74\u7684\u589e\u957f\u76ee\u6807\uff0c\u4f46\u4e5f\u63a9\u76d6\u4e86\u66f4\u6df1\u5c42\u6b21\u7684\u8106\u5f31\u6027\u3002<\/p>\n<p>\u6570\u636e\u663e\u793a\uff0c\u4e2d\u56fd\u7b2c\u4e09\u5b63\u5ea6\u7ecf\u6d4e\u540c\u6bd4\u589e\u957f4.8%\uff0c\u7565\u9ad8\u4e8e\u9884\u671f\uff0c\u4e3a\u5b9e\u73b0\u5168\u5e745%\u5de6\u53f3\u7684\u589e\u957f\u76ee\u6807\u5960\u5b9a\u4e86\u201c\u575a\u5b9e\u57fa\u7840\u201d\u3002\u7136\u800c\uff0c\u6df1\u5165\u5206\u6790\u8fd9\u4e9b\u6570\u636e\uff0c\u60c5\u51b5\u5374\u8fdc\u975e\u5982\u6b64\u4e50\u89c2\u3002\u4e2d\u56fd\u5bb6\u5ead\u6d88\u8d39\u610f\u613f\u4f4e\u8ff7\uff0c\u4f01\u4e1a\u6295\u8d44\u72b9\u8c6b\u4e0d\u51b3\u3002\u7ecf\u6d4e\u589e\u957f\u672a\u5b8c\u5168\u5d29\u6e83\u7684\u552f\u4e00\u539f\u56e0\u662f\uff0c\u4e2d\u56fd\u5de5\u5382\u6b63\u4ee5\u521b\u7eaa\u5f55\u7684\u901f\u5ea6\u5411\u4e16\u754c\u5404\u5730\u5927\u91cf\u51fa\u53e3\u5546\u54c1\uff0c\u52a0\u5267\u4e86\u4ece\u534e\u76db\u987f\u5230\u5e03\u9c81\u585e\u5c14\u7684\u8d38\u6613\u7d27\u5f20\u5c40\u52bf\u3002<\/p>\n<p>\u745e\u94f6\u96c6\u56e2(UBS 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Generale SA)\u5927\u4e2d\u534e\u533a\u7ecf\u6d4e\u5b66\u5bb6\u8ba4\u4e3a\uff0c\u6bd4 headline 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Sachs Group Inc.)\u5df2\u5c06\u5bf9\u5168\u5e74\u7ecf\u6d4e\u589e\u957f\u7684\u9884\u6d4b\u4ece4.8%\u4e0a\u8c03\u81f34.9%\u3002<\/p>\n<p>\u4e0d\u8fc7\uff0c\u8fd9\u4e9b\u6570\u636e\u4e5f\u7ed9\u653f\u7b56\u5236\u5b9a\u8005\u6572\u54cd\u4e86\u8b66\u949f\u3002\u96f6\u552e\u989d\u589e\u901f\u4e3a11\u6708\u4ee5\u6765\u6700\u6162\uff0c\u800c\u623f\u5730\u4ea7\u6295\u8d44\u5219\u51fa\u73b0\u4e862020\u5e74\u4ee5\u6765\u7684\u9996\u6b21\u540c\u6bd4\u6536\u7f29\u3002\u4fdd\u94f6\u8d44\u4ea7\u7ba1\u7406\u516c\u53f8(Pinpoint Asset Management)\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u79f0\uff0c\u623f\u5730\u4ea7\u6295\u8d44\u4e0b\u6ed1\u662f\u201c\u7f55\u89c1\u4e14\u4ee4\u4eba\u62c5\u5fe7\u7684\u201d\u3002\u4ed6\u8fd8\u8868\u793a\uff0c\u4e0a\u5468\u5ba3\u5e03\u7684\u65b0\u7684\u8d22\u653f\u652f\u6301\u53ef\u80fd\u6709\u52a9\u4e8e\u7f13\u89e3\u672c\u5b63\u5ea6\u6295\u8d44\u9762\u4e34\u7684\u538b\u529b\u3002<\/p>\n<p>\u5bf9\u4e2d\u56fd\u7ecf\u6d4e\u987e\u95ee\u6765\u8bf4\uff0c\u6216\u8bb8\u6700\u4ee4\u4eba\u62c5\u5fe7\u7684\u662f\uff0c\u672a\u7ecf\u901a\u80c0\u8c03\u6574\u7684\u540d\u4e49\u589e\u957f\u7387\u653e\u7f13\u81f3\u7b2c\u4e09\u5b63\u5ea6\u76843.7%\u3002\u8fd9\u610f\u5473\u7740\u8861\u91cf\u6574\u4f53\u7ecf\u6d4e\u4ef7\u683c\u6c34\u5e73\u7684GDP\u5e73\u51cf\u6307\u6570\u8fde\u7eed\u7b2c10\u4e2a\u5b63\u5ea6\u4e0b\u964d\uff0c\u4e3a\u8fd1\u671f\u5386\u53f2\u4e0a\u6301\u7eed\u65f6\u95f4\u6700\u957f\u7684\u4e00\u6b21\u3002<\/p>\n<p>\u6295\u8d44\u7684\u7f55\u89c1\u4e0b\u964d\u4e3b\u8981\u662f\u7531\u623f\u5730\u4ea7\u884c\u4e1a\u7684\u4e0b\u6ed1\u63a8\u52a8\u7684\uff0c\u800c\u5236\u9020\u4e1a\u7684\u8d44\u672c\u652f\u51fa\u589e\u901f\u4e3a2020\u5e74\u4ee5\u6765\u6700\u5dee\u3002\u57fa\u7840\u8bbe\u65bd\u6295\u8d44\u4ece\u6b64\u524d\u7684\u8fd110%\u7684\u6269\u5f20\u901f\u5ea6\u56de\u843d\u81f3\u4ec54%\u3002\u6cd5\u56fd\u5df4\u9ece\u94f6\u884c(BNP Paribas)\u9996\u5e2d\u4e2d\u56fd\u7ecf\u6d4e\u5b66\u5bb6\u5c06\u6b64\u5f52\u56e0\u4e8e\u653f\u5e9c\u81ea7\u6708\u4efd\u5f00\u59cb\u4e3a\u904f\u5236\u8fc7\u5ea6\u7ade\u4e89\u6240\u505a\u7684\u52aa\u529b\u3002<\/p>\n<p>\u4e3a\u4e86\u63d0\u632f\u6295\u8d44\uff0c\u4e2d\u56fd\u653f\u5e9c\u5df2\u7ecf\u62e8\u51fa5000\u4ebf\u5143\u4eba\u6c11\u5e01\u7684\u51c6\u8d22\u653f\u8d44\u91d1\uff0c\u5e2e\u52a9\u5730\u65b9\u653f\u5e9c\u5ea6\u8fc7\u56fd\u5185\u7ecf\u6d4e\u653e\u7f13\u7684\u96be\u5173\uff0c\u56e0\u4e3a\u7ecf\u6d4e\u653e\u7f13\u5c06\u5f71\u54cd\u5b83\u4eec\u7684\u7a0e\u6536\u6536\u5165\u3002\u8d22\u653f\u90e8\u5ba3\u5e03\uff0c\u5df2\u5141\u8bb8\u5404\u7701\u52a8\u7528\u989d\u5916\u76845000\u4ebf\u5143\u4eba\u6c11\u5e01\u503a\u5238\u989d\u5ea6\uff0c\u4ee5\u51cf\u5c11\u8868\u5916\u501f\u6b3e\uff0c\u507f\u8fd8\u6b20\u4f01\u4e1a\u7684\u6b3e\u9879\uff0c\u5e76\u5728\u67d0\u4e9b\u60c5\u51b5\u4e0b\u6269\u5927\u6295\u8d44\u3002<\/p>\n<p>\u4e00\u4e9b\u7ecf\u6d4e\u5b66\u5bb6\u66fe\u9884\u8ba1\u4e2d\u56fd\u5b98\u5458\u4f1a\u964d\u606f\u4ee5\u523a\u6fc0\u7ecf\u6d4e\u3002\u4f46\u76f8\u5bf9\u5f3a\u52b2\u7684 headline \u589e\u957f\u6570\u636e\u53ef\u80fd\u964d\u4f4e\u4e86\u91c7\u53d6\u6b64\u7c7b\u884c\u52a8\u7684\u7d27\u8feb\u6027\uff0c\u5c3d\u7ba1\u6f5c\u5728\u8d8b\u52bf\u4ee4\u4eba\u62c5\u5fe7\u3002\u6e23\u6253\u94f6\u884c(Standard Chartered Plc)\u5927\u4e2d\u534e\u533a\u548c\u5317\u4e9a\u533a\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u8868\u793a\uff0c\u653f\u7b56\u5236\u5b9a\u8005\u53ef\u80fd\u4f1a\u63a8\u8fdf\u8be5\u884c\u6b64\u524d\u9884\u6d4b\u7684\u4eca\u5e74\u964d\u606f10\u4e2a\u57fa\u70b9\u3002<\/p>\n<p>\u4ed6\u8868\u793a\uff1a\u201c\u5b9e\u73b0\u589e\u957f\u76ee\u6807\u7684\u53ef\u80fd\u6027\u76f8\u5bf9\u8f83\u9ad8\u3002\u201d <\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>-40<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u6587\u7ae0\u4e3b\u8981\u5173\u6ce8\u4e2d\u56fd\u7ecf\u6d4e\u589e\u957f\u4e2d\u5b58\u5728\u7684\u95ee\u9898\u548c\u6311\u6218\uff0c\u5982\u5bf9\u51fa\u53e3\u7684\u8fc7\u5ea6\u4f9d\u8d56\u3001\u5185\u9700\u4e0d\u8db3\u3001\u623f\u5730\u4ea7\u5e02\u573a\u4e0b\u6ed1\u4ee5\u53ca\u7531\u6b64\u53ef\u80fd\u5f15\u53d1\u7684\u8d38\u6613\u7d27\u5f20\u3002\u8fd9\u4e9b\u90fd\u6307\u5411\u4e86\u4e2d\u56fd\u7ecf\u6d4e\u53d1\u5c55\u4e2d\u5b58\u5728\u7684\u8d1f\u9762\u56e0\u7d20\u548c\u6f5c\u5728\u98ce\u9669\uff0c\u56e0\u6b64\u8d1f\u9762\u60c5\u7eea\u5f97\u5206\u8f83\u9ad8\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-10-20\/chinese-economic-slowdown-worsens-with-growth-weakest-in-a-year\" target=\"_blank\">China\u2019s Lopsided Growth Puts Spotlight on Xi\u2019s Five-Year Plan<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-10-20<\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" 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