{"id":40244,"date":"2025-11-01T22:15:47","date_gmt":"2025-11-01T14:15:47","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=40244"},"modified":"2025-11-01T22:15:47","modified_gmt":"2025-11-01T14:15:47","slug":"%e3%80%90%e6%ad%a3%e9%9d%a2%e3%80%91bloomberg%e4%b8%ad%e5%9b%bd%e5%8c%bb%e8%8d%af%e5%b4%9b%e8%b5%b7%ef%bc%9a%e4%b8%ad%e7%be%8e%e7%ab%9e%e4%ba%89%e7%9a%84%e6%96%b0%e7%84%a6%e7%82%b9","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=40244","title":{"rendered":"\u3010\u6b63\u9762\u3011[bloomberg]\u4e2d\u56fd\u533b\u836f\u5d1b\u8d77\uff1a\u4e2d\u7f8e\u7ade\u4e89\u7684\u65b0\u7126\u70b9"},"content":{"rendered":"<p>\u7f8e\u4e2d\u8d38\u6613\u6218\u7684\u6700\u65b0\u7bc7\u7ae0\uff0c\u6216\u8bb8\u53ea\u662f\u5176\u4e2d\u4e00\u9875\uff0c\u4ee5\u7279\u6717\u666e\u603b\u7edf\u548c\u4e60\u8fd1\u5e73\u4e3b\u5e2d\u8fbe\u6210\u7684\u4e00\u5e74\u4f11\u6218\u534f\u8bae\u544a\u7ec8\u3002\u5728\u8fd9\u573a\u6fc0\u70c8\u7684\u5f3a\u56fd\u7ade\u4e89\u80cc\u666f\u4e0b\uff0c\u8fd9\u9879\u65b0\u534f\u8bae\u80fd\u5426\u6301\u4e45\uff0c\u5b9e\u96be\u9884\u6599\u3002<\/p>\n<p>\u7136\u800c\uff0c\u65e0\u8bba\u4e0b\u4e00\u8f6e\u51b2\u7a81\u4f55\u65f6\u7206\u53d1\uff0c\u5317\u4eac\u4ecd\u7136\u638c\u63e1\u7740\u4e00\u4ef6\u5c1a\u672a\u5728\u6b64\u524d\u6240\u6709\u5347\u7ea7\u548c\u964d\u7ea7\u56de\u5408\u4e2d\u52a8\u7528\u7684\u6b66\u5668\u3002\u9664\u4e86\u63a7\u5236\u91cd\u8981\u7684\u7a00\u571f\u4f9b\u5e94\u94fe\u548c\u6682\u505c\u7f8e\u56fd\u519c\u4ea7\u54c1\u91c7\u8d2d\u5916\uff0c\u4e2d\u56fd\u8fd8\u62e5\u6709\u63a7\u5236\u5173\u952e\u836f\u54c1\u751f\u4ea7\u7684\u80fd\u529b\u3002\u5ba1\u89c6\u5317\u4eac\u5982\u4f55\u5c06\u5176\u4ea7\u4e1a\u63a8\u5411\u9738\u4e3b\u5730\u4f4d\uff0c\u4fbf\u53ef\u770b\u51fa\u4e2d\u56fd\u5171\u4ea7\u515a\u9886\u5bfc\u5c42\u5982\u4f55\u5145\u5206\u5229\u7528\u4e3a\u8fc7\u53bb\u65f6\u4ee3\u8bbe\u8ba1\u7684\u5f00\u653e\u56fd\u9645\u8d38\u6613\u7ed3\u6784\u3002<\/p>\n<p>\u54e5\u4f26\u6bd4\u4e9a\u5927\u5b66\u7ecf\u6d4e\u6218\u7565\u4e13\u5bb6\u7231\u5fb7\u534e\u00b7\u8d39\u4ec0\u66fc\u8868\u793a\uff0c\u8be5\u4f53\u7cfb\u201c\u5e76\u975e\u4e3a\u5f53\u4eca\u7684\u5730\u7f18\u653f\u6cbb\u7ade\u4e89\u800c\u5efa\u201d\u3002\u4f46\u5b83\u5bf9\u4e2d\u56fd\u6765\u8bf4\u975e\u5e38\u7406\u60f3\uff0c\u4f7f\u5176\u80fd\u591f\u5f15\u8fdb\u5916\u56fd\u6280\u672f\u5e76\u53d6\u4ee3\u897f\u65b9\u751f\u4ea7\u5546\u3002\u5728\u5236\u836f\u9886\u57df\uff0c\u4e0e\u5728\u5176\u4ed6\u9886\u57df\u4e00\u6837\uff0c\u4e2d\u56fd\u4ece\u4ef7\u503c\u94fe\u7684\u5e95\u7aef\u8d77\u6b65\uff0c\u4e4b\u540e\uff0c\u515a\u7684\u9886\u5bfc\u5c42\u5f00\u59cb\u63a8\u52a8\u4f01\u4e1a\u8f6c\u5411\u5782\u76f4\u6574\u5408\u751f\u4ea7\uff0c\u5305\u62ec\u6700\u7ec8\u4ea7\u54c1\u3002\u4e2d\u56fd\u4f01\u4e1a\u73b0\u5728\u62e5\u6709\u4e0e\u897f\u65b9\u9876\u7ea7\u56fd\u5bb6\u76f8\u5ab2\u7f8e\u7684\u7814\u53d1\u80fd\u529b\u3002\u4ece\u6297\u751f\u7d20\u5230\u8bb8\u591a\u5c16\u7aef\u836f\u7269\uff0c\u4e2d\u56fd\u5728\u8be5\u9886\u57df\u7684\u5730\u4f4d\u5728\u672a\u6765\u4e0e\u7f8e\u56fd\u7684\u8d38\u6613\u51b2\u7a81\u4e2d\u63d0\u4f9b\u4e86\u5f3a\u5927\u7684 leverage\u3002<\/p>\n<p>\u5c3d\u7ba1\u672c\u5468\u4e2d\u7f8e\u4e24\u56fd\u9886\u5bfc\u4eba\u8868\u73b0\u51fa\u53cb\u597d\u59ff\u6001\uff0c\u4f46\u7f8e\u4e2d\u7d27\u5f20\u5173\u7cfb\u4f3c\u4e4e\u5f88\u5bb9\u6613\u91cd\u71c3\u3002\u8003\u8651\u5230\u4e24\u56fd\u9996\u90fd\u5bf9\u7f8e\u56fd\u5728\u897f\u592a\u5e73\u6d0b\u519b\u4e8b\u5b58\u5728\u7684\u6001\u5ea6\uff0c\u6839\u672c\u4e0d\u5b58\u5728\u771f\u6b63\u7684\u201c\u53cc\u8d62\u201d\u53ef\u80fd\u3002\u7f8e\u56fd\u672c\u5468\u5728\u8be5\u5730\u533a\u4fdd\u6301\u5b58\u5728\u7684\u51b3\u5fc3\u663e\u800c\u6613\u89c1\u3002\u7279\u6717\u666e\u544a\u8bc9\u65b0\u4e0a\u4efb\u7684\u65e5\u672c\u9996\u76f8\u9ad8\u5e02\u65e9\u82d7\uff0c\u201c\u4efb\u4f55\u6211\u53ef\u4ee5\u5e2e\u52a9\u65e5\u672c\u7684\u4e8b\u60c5\uff0c\u6211\u90fd\u4f1a\u53bb\u505a\u201d\u3002\u7f8e\u56fd\u653f\u5e9c\u8fd8\u5728\u65e5\u672c\u8bbe\u7acb\u4e86\u65b0\u7684\u7f8e\u56fd\u90e8\u961f\u603b\u90e8\u3002\u5728\u97e9\u56fd\uff0c\u7279\u6717\u666e\u6279\u51c6\u4e86\u9996\u5c14\u63d0\u51fa\u7684\u8981\u6c42\u3002<\/p>\n<p>\u6487\u5f00\u7279\u6717\u666e\u53cd\u590d\u65e0\u5e38\u7684\u6027\u683c\u4e0d\u8c08\uff0c\u6240\u6709\u8fd9\u4e9b\u90fd\u5bf9\u5317\u4eac\u6784\u6210\u4e86\u4e00\u4e2a\u95ee\u9898\uff0c\u6b63\u5982\u80e1\u4f5b\u7814\u7a76\u6240\u7814\u7a76\u5458\u3001\u5171\u4ea7\u4e3b\u4e49\u548c\u5a01\u6743\u4e3b\u4e49\u4e13\u5bb6\u65af\u8482\u82ac\u00b7\u79d1\u7279\u91d1\u5728\u6700\u8fd1\u7684\u4e00\u6b21\u91c7\u8bbf\u4e2d\u6307\u51fa\u7684\u90a3\u6837\uff0c\u5317\u4eac\u7684\u6700\u7ec8\u76ee\u6807\u662f\u201c\u74e6\u89e3\u7f8e\u56fd\u5728\u4e1c\u4e9a\u7684\u5b9e\u529b\u201d\u3002<\/p>\n<p>\u5982\u679c\u6211\u4eec\u8ba4\u4e3a\u53e6\u4e00\u573a\u4e2d\u7f8e\u88c2\u75d5\u662f\u4e0d\u53ef\u907f\u514d\u7684\uff0c\u90a3\u4e48\u836f\u54c1\u5c31\u63d0\u4f9b\u4e86\u4e00\u4e2a\u6f5c\u5728\u7684\u5f3a\u5927 choke point\u3002\u4e24\u4f4d\u7f8e\u56fd\u53c2\u8bae\u5458\u2014\u2014\u4f5b\u7f57\u91cc\u8fbe\u5dde\u5171\u548c\u515a\u4eba\u91cc\u514b\u00b7\u65af\u79d1\u7279\u548c\u7ebd\u7ea6\u5dde\u6c11\u4e3b\u515a\u4eba\u514b\u65af\u6c40\u00b7\u5409\u5229\u5e03\u5170\u5fb7\u2014\u2014\u5df2\u7ecf\u5728\u53c2\u8bae\u9662\u8001\u9f84\u95ee\u9898\u7279\u522b\u59d4\u5458\u4f1a\u7684\u9886\u5bfc\u5de5\u4f5c\u4e2d\u63d0\u51fa\u4e86\u8fd9\u4e2a\u95ee\u9898\u3002\u8be5\u59d4\u5458\u4f1a\u5f15\u7528\u7684\u6570\u636e\u663e\u793a\uff0c2002\u5e74\uff0c\u7f8e\u56fd\u6d88\u8d39\u7684\u836f\u54c1\u670983%\u662f\u5728\u7f8e\u56fd\u672c\u571f\u751f\u4ea7\u7684\u3002\u52302024\u5e74\uff0c\u8fd9\u4e2a\u6bd4\u4f8b\u9884\u8ba1\u5c06\u964d\u81f3\u3002<\/p>\n<p>\u8fd9\u4e3b\u8981\u5f52\u529f\u4e8e\u4ece\u4e2d\u56fd\u548c\u5370\u5ea6\u8fdb\u53e3\u7684\u589e\u52a0\u2014\u2014\u540e\u8005\u4f9d\u8d56\u4e2d\u56fd\u63d0\u4f9b\u7528\u4e8e\u5236\u9020\u836f\u7269\u7684\u539f\u6599\u836f\u3002\u7f8e\u56fd\u4f7f\u7528\u7684\u836f\u7269\u4e2d\uff0c\u7ea6\u670945%\u7684\u539f\u6599\u201c\u5b8c\u5168\u6765\u81ea\u4e2d\u56fd\u201d\uff0c\u5bf9\u5916\u5173\u7cfb\u59d4\u5458\u4f1a\u5168\u7403\u5065\u5eb7\u95ee\u9898\u9ad8\u7ea7\u7814\u7a76\u5458\u9ec4\u4e25\u5fe0\u57288\u6708\u4efd\u7684\u201c\u4e2d\u56fd\u529b\u91cf\u201d\u64ad\u5ba2\u4e2d\u8868\u793a\u3002<\/p>\n<p>\u81f3\u4e8e\u6d3b\u6027\u836f\u7269\u6210\u5206\uff08API\uff09\uff0c\u5373\u8d4b\u4e88\u836f\u7269\u6548\u529b\u7684\u6210\u5206\uff0c\u7f8e\u56fd\u4f9b\u5e94\u94fe\u4e2d\u8fd130%\u76f4\u63a5\u6765\u81ea\u4e2d\u56fd\uff0c\u5982\u679c\u5305\u62ec\u4f9d\u8d56\u4e2d\u56fd\u539f\u59cb\u6295\u5165\u7684\u5370\u5ea6\u4ea7\u54c1\uff0c\u8fd9\u4e00\u6bd4\u4f8b\u5c06\u4e0a\u5347\u523060%\u3002\u4e2d\u56fd\u7684\u7ade\u4e89\u529b\u51e0\u4e4e\u4e0d\u4f9d\u8d56\u4e8e\u81ea\u7531\u7ade\u4e89\u5e02\u573a\u4e2d\u7684\u6b63\u5e38\u6bd4\u8f83\u4f18\u52bf\u3002\u4e2d\u56fd\u516c\u53f8\u53d7\u76ca\u4e8e\u91cd\u5927\u7684\u56fd\u5bb6\u652f\u6301\uff0c\u5305\u62ec\u8865\u8d34\u7684\u6c34\u7535\uff0c\u4ee5\u53ca\u56fd\u6709\u94f6\u884c\u7684\u8d37\u6b3e\u3002\u6b64\u5916\uff0c\u8fd8\u7f3a\u4e4f\u5904\u7406\u6709\u6bd2\u5316\u5b66\u54c1\u7684\u4e25\u683c\u73af\u5883\u6cd5\u89c4\u3001\u6700\u4f4e\u9650\u5ea6\u7684\u52b3\u52a8\u4fdd\u62a4\u548c\u8584\u5f31\u7684\u77e5\u8bc6\u4ea7\u6743\u4fdd\u62a4\uff0c\u4e00\u4efd2019\u5e74\u7f8e\u56fd-\u4e2d\u56fd\u7ecf\u6d4e\u4e0e\u5b89\u5168\u5ba1\u67e5\u59d4\u5458\u4f1a\u7684\u62a5\u544a\u663e\u793a\uff0c\u8fd9\u4e9b\u201c\u4e5f\u52a9\u957f\u4e86\u4e2d\u56fd\u5236\u836f\u4e1a\u7684\u589e\u957f\u201d\u3002<\/p>\n<p>\u7efc\u5408\u6240\u6709\u8fd9\u4e9b\u56e0\u7d20\uff0c\u201c\u4f60\u5c31\u5f97\u5230\u4e86\u4e00\u4e2a\u5f15\u4eba\u6ce8\u76ee\u7684\u6210\u672c\u4f18\u52bf\u201d\uff0c\u9ec4\u4e25\u5fe0\u8bf4\u3002\u201c\u4e2d\u56fd\u7684\u4ef7\u683c\u57fa\u672c\u4e0a\u662f\u4e0d\u5408\u7406\u7684\u3002\u201d\u4e2d\u56fd\u4ea7\u4e1a\u7684\u53e6\u4e00\u4e2a\u5de8\u5927\u4f18\u52bf\u662f\uff1a\u836f\u54c1\u5236\u9020\u5546\u4e0d\u5fc5\u62c5\u5fc3\u4e0e\u7f8e\u56fd\u751f\u4ea7\u5546\u76f8\u540c\u7684\u5b89\u5168\u68c0\u67e5\u5236\u5ea6\u3002\u7f8e\u56fd\u98df\u54c1\u548c\u836f\u7269\u7ba1\u7406\u5c40\uff08FDA\uff09\u7684\u56fd\u5185\u68c0\u67e5\u201c\u51e0\u4e4e\u603b\u662f\u4e0d\u4e8b\u5148\u5ba3\u5e03\u7684\uff0c\u8fd9\u53ef\u4ee5\u51c6\u786e\u5730\u4e86\u89e3\u5236\u9020\u5546\u7684\u65e5\u5e38\u8fd0\u8425\u60c5\u51b5\u201d\uff0c\u53c2\u8bae\u9662\u8001\u9f84\u95ee\u9898\u4e13\u95e8\u5c0f\u7ec4\u8868\u793a\u3002\u4f46\u5728\u6d77\u5916\uff0c\u7f8e\u56fd\u7684\u68c0\u67e5\u662f\u9884\u5148\u5ba3\u5e03\u7684\uff0c\u8fd9\u8ba9\u4e2d\u56fd\u516c\u53f8\u6709\u65f6\u95f4\u51c6\u5907\u3002\u6b64\u5916\uff0cFDA\u68c0\u67e5\u5458\u9700\u8981\u4e2d\u56fd\u7b7e\u8bc1\u3002\u5ba1\u67e5\u59d4\u5458\u4f1a\u53d1\u73b0\uff0c\u8fd9\u4e9b\u7b7e\u8bc1\u5e76\u4e0d\u603b\u662f\u80fd\u591f\u53ca\u65f6\u83b7\u5f97\u3002<\/p>\n<p>\u5982\u4eca\uff0c\u5982\u6b64\u591a\u7684\u751f\u4ea7\u5df2\u7ecf\u5916\u6d41\uff0c\u4ee5\u81f3\u4e8e\u7f8e\u56fd\u201c\u6ca1\u6709\u80fd\u529b\u4ece\u5934\u5230\u5c3e\u5236\u9020\u4efb\u4f55\u6297\u751f\u7d20\u3002\u5b83\u5df2\u7ecf\u6d88\u5931\u4e86\u201d\uff0c\u300a\u4e2d\u56fd\u5904\u65b9\u300b\u4e00\u4e66\u7684\u4f5c\u8005\u7f57\u65af\u739b\u4e3d\u00b7\u5409\u5e03\u68ee\u5728\u300a\u9ea6\u5361\u6d1b\u592b\u62a5\u544a\u300b\u64ad\u5ba2\u4e2d\u8bf4\u3002\u5979\u8bf4\uff0c\u7f8e\u56fd\u56e0\u4e3a\u653f\u5e9c\u4e2d\u6ca1\u6709\u4e00\u4e2a\u201c\u7126\u70b9\u201d\u90e8\u95e8\u6765\u627f\u62c5\u4fdd\u6301\u548c\u9f13\u52b1\u7f8e\u56fd\u751f\u4ea7\u7684\u603b\u4f53\u8d23\u4efb\u800c\u906d\u53d7\u4e86\u635f\u5931\u3002\u9274\u4e8e\u6574\u4e2a\u4f9b\u5e94\u94fe\u751f\u6001\u7cfb\u7edf\u5df2\u7ecf\u79bb\u5f00\uff0c\u60f3\u8981\u6062\u590d\u751f\u4ea7\u5c06\u975e\u5e38\u5177\u6709\u6311\u6218\u6027\u3002\u9ec4\u4e25\u5fe0\u8bf4\uff0c\u8fd9\u4e0d\u4ec5\u6602\u8d35\uff0c\u201c\u800c\u4e14\u51e0\u4e4e\u662f\u4e0d\u53ef\u80fd\u7684\u201d\uff0c\u56e0\u4e3a\u76d1\u7ba1\u548c\u5ba1\u6279\u969c\u788d\u7b49\u8bf8\u591a\u6311\u6218\u3002\u4e2d\u56fd\u62e5\u6709\u50cf\u4e0a\u6d77\u5316\u5b66\u5de5\u4e1a\u56ed\u533a\u8fd9\u6837\u5de8\u5927\u7684\u56ed\u533a\uff0c\u5360\u573029.4\u5e73\u65b9\u516c\u91cc\uff0c\u53ef\u4e3a\u5236\u836f\u5546\u63d0\u4f9b\u4e00\u7ad9\u5f0f\u8d2d\u7269\uff0c\u4ee5\u83b7\u53d6\u8d77\u59cb\u548c\u4e2d\u95f4\u6750\u6599\uff0c\u5e76\u9650\u5236\u8fd0\u8f93\u6210\u672c\u3002<\/p>\n<p>\u8fd9\u79cd\u7ed3\u6784\u548c\u5176\u4ed6\u7c7b\u4f3c\u7684\u7ed3\u6784\u662f\u4e2d\u56fd\u5171\u4ea7\u515a\u9886\u5bfc\u4eba\u4f17\u591a\u5b8f\u4f1f\u5021\u8bae\u7684\u7ed3\u679c\uff0c\u4ece\u9f13\u52b1\u5316\u5b66\u548c\u5236\u836f\u5de5\u4e1a\u53d1\u5c55\u7684\u8fde\u7eed\u4e94\u5e74\u8ba1\u5212\uff0c\u5230\u4ee5\u201c\u751f\u547d\u79d1\u5b66\u4e3a\u5168\u7403\u9886\u5bfc\u8005\u201d\u4e3a\u76ee\u6807\u7684\u201c\u4e2d\u56fd\u5236\u90202025\u201d\u8ba1\u5212\u3002\u7f8e\u56fd\u7684\u7ecf\u6d4e\u4f53\u7cfb\u5e76\u975e\u4e3a\u8fd9\u79cd\u81ea\u4e0a\u800c\u4e0b\u7684\u4ea7\u4e1a\u653f\u7b56\u800c\u8bbe\u8ba1\u7684\uff0c\u4f46\u5f88\u660e\u663e\uff0c\u897f\u65b9\u56fd\u5bb6\u8d8a\u6765\u8d8a\u8ba4\u8bc6\u5230\u9700\u8981\u62e5\u62b1\u4ee5\u751f\u4ea7\u4e3a\u5bfc\u5411\u2014\u2014\u800c\u4e0d\u662f1990\u5e74\u4ee3\u98ce\u683c\u7684\u4ee5\u6d88\u8d39\u8005\u4e3a\u4e2d\u5fc3\u7684\u2014\u2014\u7ecf\u6d4e\u6218\u7565\u3002\u4e8b\u5b9e\u4e0a\uff0c\u9700\u8981\u91c7\u53d6\u201c\u7f8e\u56fd\u53ca\u5176\u76df\u53cb\u201d\u7684\u65b9\u5f0f\u6765\u63d0\u9ad8\u897f\u65b9\u4e0e\u4e2d\u56fd\u7ade\u4e89\u7684\u673a\u4f1a\u3002\u65e5\u672c\u6b63\u5728\u8d44\u52a9\u5176\u5236\u9020\u5546\u6062\u590d\u56fd\u5185\u539f\u6599\u836f\u7684\u751f\u4ea7\u80fd\u529b\u3002\u786e\u4fdd\u4ed6\u4eec\u7684\u4ea7\u54c1\u80fd\u591f\u514d\u5173\u7a0e\u8fdb\u5165\u7f8e\u56fd\u5e02\u573a\uff0c\u53ef\u4ee5\u52a0\u5f3a\u8fd9\u4e00\u52aa\u529b\uff0c\u5e76\u4f7f\u5148\u8fdb\u6c11\u4e3b\u56fd\u5bb6\u4f5c\u4e3a\u4e00\u4e2a\u6574\u4f53\u53d8\u5f97\u66f4\u597d\u3002\u534f\u8c03\u8fd8\u53ef\u4ee5\u5e2e\u52a9\u907f\u514d\u6b27\u6d32\u6700\u540e\u4e00\u5bb6\u6297\u751f\u7d20\u5236\u9020\u5546\u5ba3\u5e03\u5e76\u5c06\u4ea7\u91cf\u8f6c\u79fb\u5230\u4e2d\u56fd\u7b49\u4e8b\u6001\u53d1\u5c55\u3002\u4f46\u662f\uff0c\u8fd8\u6709\u5f88\u957f\u7684\u8def\u8981\u8d70\u3002 <\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>20<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u6587\u7ae0\u5ba2\u89c2\u5730\u63cf\u8ff0\u4e86\u4e2d\u56fd\u5728\u533b\u836f\u9886\u57df\u7684\u5d1b\u8d77\uff0c\u627f\u8ba4\u4e86\u4e2d\u56fd\u5728\u533b\u836f\u751f\u4ea7\u65b9\u9762\u7684\u4f18\u52bf\u548c\u53d6\u5f97\u7684\u6210\u5c31\uff0c\u4ee5\u53ca\u4e2d\u56fd\u5728\u56fd\u9645\u8d38\u6613\u4e2d\u7684\u5730\u4f4d\u548c\u4f5c\u7528\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/newsletters\/2025-11-01\/china-s-pharmaceutical-rise-offers-fresh-chokepoint-in-us-rivalry\" target=\"_blank\">China\u2019s Pharmaceutical Rise Offers Fresh Chokepoint in US Rivalry<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-11-01<\/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=40244\"><\/div><div><a download=\"\u3010\u6b63\u9762\u3011[bloomberg]\u4e2d\u56fd\u533b\u836f\u5d1b\u8d77\uff1a\u4e2d\u7f8e\u7ade\u4e89\u7684\u65b0\u7126\u70b9.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>\u7f8e\u4e2d\u8d38\u6613\u6218\u7684\u6700\u65b0\u7bc7\u7ae0\uff0c\u6216\u8bb8\u53ea\u662f\u5176\u4e2d\u4e00\u9875\uff0c\u4ee5\u7279\u6717\u666e\u603b\u7edf\u548c\u4e60\u8fd1\u5e73\u4e3b\u5e2d\u8fbe\u6210\u7684\u4e00\u5e74\u4f11\u6218\u534f\u8bae\u544a\u7ec8\u3002\u5728\u8fd9\u573a\u6fc0\u70c8\u7684\u5f3a\u56fd\u7ade\u4e89\u80cc [&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":[12702,6383,4143,10757,22055],"class_list":["post-40244","post","type-post","status-publish","format-standard","hentry","category-79","tag-12702","tag-6383","tag-4143","tag-10757","tag-22055"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/40244","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=40244"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/40244\/revisions"}],"predecessor-version":[{"id":40245,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/40244\/revisions\/40245"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}