{"id":44622,"date":"2026-02-13T16:21:45","date_gmt":"2026-02-13T08:21:45","guid":{"rendered":"https:\/\/news.tomjun.com\/?p=44622"},"modified":"2026-02-13T16:21:45","modified_gmt":"2026-02-13T08:21:45","slug":"%e3%80%90%e8%b4%9f%e9%9d%a2%e3%80%91bloomberg%e5%9c%b0%e6%96%b9%e4%b8%93%e9%a1%b9%e5%80%ba%e6%8a%95%e8%b5%84%e8%b6%8b%e7%bc%93%ef%bc%8c%e5%9f%ba%e5%bb%ba%e5%a2%9e%e9%95%bf%e6%a8%a1%e5%bc%8f%e9%9d%a2","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=44622","title":{"rendered":"\u3010\u8d1f\u9762\u3011[bloomberg]\u5730\u65b9\u4e13\u9879\u503a\u6295\u8d44\u8d8b\u7f13\uff0c\u57fa\u5efa\u589e\u957f\u6a21\u5f0f\u9762\u4e34\u8f6c\u578b"},"content":{"rendered":"<p>\u4f5c\u4e3a\u8861\u91cf\u4e2d\u56fd\u5730\u65b9\u653f\u5e9c\u4e3a\u57fa\u7840\u8bbe\u65bd\u878d\u8d44\u7684\u4e00\u9879\u5173\u952e\u6307\u6807\uff0c\u65b0\u589e\u5730\u65b9\u653f\u5e9c\u4e13\u9879\u503a\u5238\u4e2d\u7528\u4e8e\u57fa\u5efa\u9879\u76ee\u7684\u989d\u5ea6\u6b63\u8fc8\u5411\u516d\u5e74\u6765\u7684\u4f4e\u70b9\u3002\u8fd9\u4e00\u53d8\u5316\u6e90\u4e8e\u4e2d\u592e\u653f\u5e9c\u7740\u529b\u7ba1\u63a7\u503a\u52a1\u98ce\u9669\u7684\u6218\u7565\u8c03\u6574\uff0c\u4e5f\u4ee4\u5916\u754c\u5173\u6ce8\u5176\u80fd\u5426\u5151\u73b0\u904f\u5236\u6295\u8d44\u4e0b\u6ed1\u7684\u627f\u8bfa\u3002<\/p>\n<p>\u6839\u636e\u5f6d\u535a\u793e\u57fa\u4e8e\u5b98\u65b9\u6570\u636e\u7684\u6d4b\u7b97\uff0c\u4eca\u5e74\u65b0\u589e\u5730\u65b9\u653f\u5e9c\u4e13\u9879\u503a\u5238\u989d\u5ea6\u4e3a4.4\u4e07\u4ebf\u5143\u4eba\u6c11\u5e01\uff0c\u5176\u4e2d\u7ea63.02\u4e07\u4ebf\u5143\u53ef\u7528\u4e8e\u57fa\u7840\u8bbe\u65bd\u9879\u76ee\uff0c\u4e3a2019\u5e74\u4ee5\u6765\u6700\u4f4e\u6c34\u5e73\uff1b\u5176\u4f591.38\u4e07\u4ebf\u5143\u5219\u88ab\u7528\u4e8e\u507f\u8fd8\u5b58\u91cf\u503a\u52a1\u3002\u8fd9\u610f\u5473\u7740\uff0c\u4e13\u9879\u503a\u4e2d\u7528\u4e8e\u6295\u8d44\u7684\u91d1\u989d\u6216\u5c06\u8fde\u7eed\u7b2c\u4e8c\u5e74\u4e0b\u964d\u3002<\/p>\n<p>\u5728\u7ecf\u5386\u4e86\u6570\u5341\u5e74\u4f9d\u8d56\u5730\u65b9\u653f\u5e9c\u5411\u8def\u7f51\u3001\u94c1\u8def\u548c\u5de5\u4e1a\u56ed\u533a\u6ce8\u5165\u8d44\u91d1\u7684\u6a21\u5f0f\u540e\uff0c\u8fd9\u79cd\u5ba1\u614e\u6001\u5ea6\u6b63\u5c06\u4e2d\u56fd\u7ecf\u6d4e\u5e26\u5165\u4e00\u4e2a\u65b0\u7684\u9636\u6bb5\u3002\u56fa\u5b9a\u8d44\u4ea7\u6295\u8d44\u6b63\u9762\u4e34\u81ea1998\u5e74\u6709\u6570\u636e\u8bb0\u5f55\u4ee5\u6765\u7684\u9996\u6b21\u5e74\u5ea6\u4e0b\u6ed1\uff0c\u800c\u57fa\u5efa\u8d44\u91d1\u201c\u5e72\u65f1\u201d\u52a0\u5267\u4e86\u8fd9\u4e00\u8dcc\u52bf\u3002<\/p>\n<p>Absolute 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<\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>-70<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u62a5\u9053\u7684\u6838\u5fc3\u57fa\u8c03\u662f\u63ed\u793a\u95ee\u9898\u548c\u6311\u6218\u3002\u6807\u9898\u4f7f\u7528\u201cDrought\u201d\uff08\u5e72\u65f1\uff09\u4e00\u8bcd\uff0c\u6b63\u6587\u9891\u7e41\u4f7f\u7528\u201clowest\u201d\uff08\u6700\u4f4e\uff09\u3001\u201cdecline\/drop\/slump\/contraction\u201d\uff08\u4e0b\u964d\/\u4e0b\u6ed1\/\u6536\u7f29\uff09\u3001\u201cdownturn\u201d\uff08\u4f4e\u8ff7\uff09\u3001\u201crestrictions\/constraints\u201d\uff08\u9650\u5236\/\u7ea6\u675f\uff09\u3001\u201cuncertainty\u201d\uff08\u4e0d\u786e\u5b9a\u6027\uff09\u3001\u201cweak confidence\u201d\uff08\u4fe1\u5fc3\u4e0d\u8db3\uff09\u7b49\u8bcd\u6c47\uff0c\u63cf\u7ed8\u4e86\u6295\u8d44\u4e0b\u6ed1\u3001\u6a21\u5f0f\u8f6c\u53d8\u3001\u8d44\u91d1\u7d27\u5f20\u3001\u4fe1\u5fc3\u75b2\u8f6f\u7b49\u8d1f\u9762\u7ecf\u6d4e\u56fe\u666f\uff0c\u5e76\u5f15\u8ff0\u5206\u6790\u4eba\u58eb\u89c2\u70b9\u6307\u51fa\u653f\u7b56\u53ef\u80fd\u5e26\u6765\u7684\u4e24\u96be\u548c\u4e0d\u786e\u5b9a\u6027\uff0c\u6574\u4f53\u5448\u73b0\u51fa\u663e\u8457\u7684\u5fe7\u8651\u548c\u6279\u5224\u6027\u89c6\u89d2\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2025-12-23\/china-trapped-in-investment-slump-as-infrastructure-bonds-dry-up\" target=\"_blank\">China\u2019s Infrastructure Bond Drought Weighs on Investment<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-12-24<\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" style=\"text-align:left;\"><div class=\"qrcprowrapper\"  id=\"qrcwraa2leds\"><div 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