{"id":3911,"date":"2022-05-24T17:18:11","date_gmt":"2022-05-24T09:18:11","guid":{"rendered":"https:\/\/ba.bzhmzx.com\/index.php\/2022\/05\/24\/3911\/"},"modified":"2022-05-24T17:18:11","modified_gmt":"2022-05-24T09:18:11","slug":"%e7%be%8e%e8%82%a1%e8%b7%8c%e5%88%b0%e4%bd%8d%e4%ba%86%e5%90%97%ef%bc%9f","status":"publish","type":"post","link":"https:\/\/ba.bzhmzx.com\/index.php\/2022\/05\/24\/3911\/","title":{"rendered":"\u7f8e\u80a1\u8dcc\u5230\u4f4d\u4e86\u5417\uff1f"},"content":{"rendered":"<p><\/span>                                                                <\/p>\n<p>\u3000\u3000\u534e\u6cf0\u56fa\u6536\u534e\u6cf0\u56fa\u6536\u5f3a\u503a\u8bba\u575b<\/p>\n<p style=\"text-align: left\">\u3000\u3000<strong><em>\u5f20\u7ee7\u5f3a  <\/em><\/strong><em>S0570518110002  <\/em><em>\u7814\u7a76\u5458<\/em><\/p>\n<p>\u3000\u3000<strong><em>\u9676\u51b6<\/em><\/strong><em>   S0570522040001  \u7814\u7a76\u5458<\/em><em><\/em><\/p>\n<p>\u3000\u3000<strong>\u6838\u5fc3\u89c2\u70b9<\/strong><\/p>\n<p>\u3000\u3000\u52a0\u606f\u8282\u594f\u201c\u843d\u540e\u4e8e\u66f2\u7ebf\u201d\u5bfc\u81f4\u7f8e\u80a1\u9762\u4e34\u6d41\u52a8\u6027+\u76c8\u5229+\u56de\u8d2d\u4e09\u91cd\u538b\u529b\u3002\u76ee\u524d\u4f30\u503c\u5df2\u8ba1\u5165\u4e86\u90e8\u5206\u6d41\u52a8\u6027\u60b2\u89c2\u9884\u671f\uff0c\u76c8\u5229\u4e0b\u884c\u6b63\u5728\u6301\u7eed\u53cd\u6620\u4f46\u8870\u9000\u98ce\u9669\u5c1a\u672a\u88ab\u5145\u5206\u5b9a\u4ef7\uff0c\u80a1\u7968\u56de\u8d2d\u7f29\u51cf\u8fd8\u672a\u5f62\u6210\u62d6\u7d2f\uff0c\u4e09\u91cd\u538b\u529b\u5e76\u672a\u9006\u8f6c\uff0c\u4e2d\u671f\u770b\u7f8e\u80a1\u4e0b\u8dcc\u96be\u8a00\u89c1\u5e95\u3002\u4e0d\u8fc7\uff0c\u548c\u5386\u6b21\u8870\u9000\u8c03\u6574\u76f8\u6bd4\uff0c\u672c\u8f6e\u7f8e\u80a1\u8dcc\u52bf\u66f4\u6025\uff0c\u8dcc\u5e45\u4e5f\u5df2\u7ecf\u4e0d\u5c0f\uff0c\u77ed\u671f\u8dcc\u52bf\u4e0d\u6392\u9664\u6709\u6240\u7f13\u548c\u3002\u5386\u53f2\u4e0a\u4e2d\u7f8e\u80a1\u5e02\u66fe\u591a\u6b21\u540c\u6b65\u89c1\u5e95\uff0c\u4f46\u672c\u8f6e\u7ecf\u6d4e\u548c\u653f\u7b56\u9519\u4f4d\u660e\u663e\uff0c\u9884\u8ba1\u672c\u8f6e\u7f8e\u80a1\u4e0b\u8dcc\u5bf9A\u80a1\u7684\u5f71\u54cd\u6709\u9650\uff0c\u5982\u679c\u77ed\u671f\u9020\u6210\u51b2\u51fb\u53cd\u800c\u662f\u5e03\u5c40\u826f\u673a\u3002<\/p>\n<p>\u3000\u3000<strong>\u201c\u843d\u540e\u4e8e\u66f2\u7ebf\u201d\u5bfc\u81f4\u7f8e\u80a1\u9762\u4e34\u6d41\u52a8\u6027\u3001\u76c8\u5229\u3001\u80a1\u7968\u56de\u8d2d\u4e09\u91cd\u538b\u529b<\/strong><\/p>\n<p>\u3000\u30002020\u5e74\u65b0\u51a0\u75ab\u60c5\u540e\u7f8e\u56fd\u7ecf\u6d4e\u5b9e\u73b0\u4e86\u8d85\u7f8e\u8054\u50a8\u9884\u671f\u7684\u5feb\u901f\u590d\u82cf\uff0c\u4f7f\u5f97\u7f8e\u8054\u50a8\u672c\u8f6e\u52a0\u606f\u843d\u540e\u4e8e\u66f2\u7ebf\uff0c\u5bfc\u81f4\u5f53\u524d\u57fa\u672c\u9762\u3001\u6d41\u52a8\u6027\u9884\u671f\u548c\u56de\u8d2d\u903b\u8f91\u90fd\u5904\u4e8e\u5bf9\u80a1\u5e02\u975e\u5e38\u4e0d\u53cb\u597d\u7684\u72b6\u6001\u3002\u4e00\u65b9\u9762\uff0c\u76ee\u524d\u5e02\u573a\u5bf9\u672a\u6765\u7684\u7ecf\u6d4e\u548c\u6d41\u52a8\u6027\u5747\u6781\u5ea6\u60b2\u89c2\uff0c\u53e6\u4e00\u65b9\u9762\uff0c\u4f01\u4e1a\u76c8\u5229\u9762\u4e34\u4e0b\u884c\u538b\u529b\u7684\u540c\u65f6\u8fd8\u8981\u627f\u53d7\u5229\u7387\u4e0a\u884c\u62c9\u9ad8\u7684\u878d\u8d44\u6210\u672c\uff0c\u901a\u8fc7\u80a1\u7968\u56de\u8d2d\u589e\u539aEPS\u5e76\u63a8\u5347\u80a1\u4ef7\u7684\u903b\u8f91\u4e5f\u53d7\u5230\u4e25\u91cd\u6311\u6218\u3002<\/p>\n<p>\u3000\u3000<strong>\u4e0a\u8ff0\u4e09\u91cd\u538b\u529b\u4e2d\u6709\u591a\u5c11\u5df2\u7ecf\u88ab\u5e02\u573a\u5b9a\u4ef7\uff1f<\/strong><\/p>\n<p>\u3000\u30001\uff09\u6d41\u52a8\u6027\u65b9\u9762\uff0c\u7f8e\u80a1\u4f30\u503c\u4e0e\u7f8e\u503a\u6536\u76ca\u7387\u5747\u56de\u52302000\u5e74\u4ee5\u6765\u5386\u53f2\u5747\u503c\u9644\u8fd1\uff0c\u663e\u793a\u5df2\u8ba1\u5165\u4e86\u4e00\u5b9a\u7684\u60b2\u89c2\u9884\u671f\uff0c\u4f46\u60c5\u7eea\u9762\u5e76\u4e0d\u6781\u7aef\uff0c\u540e\u7eed\u53ef\u80fd\u7684\u538b\u529b\u4e3b\u8981\u6765\u81ea\u8054\u50a8\u8fdb\u4e00\u6b65\u7d27\u7f29\u548c\u673a\u6784\u60c5\u7eea\u8d70\u5f31\uff1b2\uff09\u76c8\u5229\u65b9\u9762\uff0c\u76ee\u524d\u6807\u666e\u5b9e\u9645\u76c8\u5229\u6536\u76ca\u7387\u6b63\u5904\u4e8e\u63a2\u5e95\u9636\u6bb5\uff0c\u8003\u8651\u5230\u80a1\u4ef7\u5f80\u5f80\u6ede\u540e\u4e8e\u5b9e\u9645\u76c8\u5229\uff0c\u9884\u8ba1\u672a\u6765\u6570\u6708\u76c8\u5229\u5c06\u6301\u7eed\u5bf9\u80a1\u4ef7\u4ea7\u751f\u538b\u529b\u3002\u6b64\u5916\uff0c\u8870\u9000\u98ce\u9669\u5c1a\u672a\u88ab\u5e02\u573a\u5145\u5206\u8ba1\u4ef7\uff0c\u6216\u662f\u66f4\u5927\u7684\u4e0d\u786e\u5b9a\u6027\u6765\u6e90\uff1b3\uff09\u80a1\u7968\u56de\u8d2d\u65b9\u9762\uff0c\u6210\u672c\u4e0a\u5347\u51b2\u51fb\u5c1a\u672a\u663e\u73b0\uff0c\u9884\u8ba1\u56de\u8d2d\u89c4\u6a21\u53ef\u80fd\u4f1a\u4ece\u5e74\u5185\u4e00\u5b63\u5ea6\u5f00\u59cb\u660e\u663e\u51cf\u5c11\uff0c\u8fdb\u800c\u5bf9\u7f8e\u80a1\u5f62\u6210\u62d6\u7d2f\u3002<\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u672a\u6765\u5982\u4f55\u6f14\u7ece\uff1f<\/strong><\/p>\n<p>\u3000\u3000\u6ede\u80c0\u4ea4\u6613\u5df2\u8fdb\u5165\u4e0b\u534a\u573a\uff0c\u65e9\u671f\u8870\u9000\u4fe1\u53f7\u5df2\u7ecf\u6d6e\u73b0\uff0c\u6ede\u80c0\u6216\u8870\u9000\u5bf9\u6743\u76ca\u8d44\u4ea7\u5747\u4e0d\u5229\u3002\u6211\u4eec\u8ba4\u4e3a\u77ed\u671f\u5e02\u573a\u903b\u8f91\u66f4\u7b26\u5408\u8870\u9000\u7279\u5f81\uff0c\u5224\u65ad\u4f9d\u636e\u662f4\u6708\u901a\u80c0\u56de\u843d\u3001\u8054\u50a8\u672a\u6765\u4e24\u4e2a\u6708\u52a0\u606f50BP\u51e0\u4e4e\u88ab\u5e02\u573a\u5b8c\u5168\u8ba1\u4ef7\u3001\u80a1\u5e02\u6301\u7eed\u4e0b\u8dcc\u548c\u7f8e\u503a\u6536\u76ca\u7387\u62d0\u5934\u5411\u4e0b\u7b49\u8ff9\u8c61\uff0c\u4f46\u4ecd\u9700\u5173\u6ce8\u901a\u80c0\u4e0b\u884c\u659c\u7387\u548c7\u6708\u540e\u5e02\u573a\u91cd\u56de\u6ede\u80c0\u4ea4\u6613\u7684\u53ef\u80fd\u3002\u6b64\u5916\uff0c\u5386\u53f2\u7ecf\u9a8c\u4e5f\u8868\u660e\u7f8e\u56fd\u51fa\u73b0\u8870\u9000\u98ce\u9669\u7684\u6982\u7387\u66f4\u5927\u3002\u672c\u8f6e\u7f8e\u80a1\u76f8\u6bd4\u5386\u53f2\u8870\u9000\u8c03\u6574\u800c\u8a00\u8dcc\u52bf\u66f4\u6025\uff0c\u4f46\u5982\u679c\u53c2\u8003\u5386\u53f2\u5747\u503c\/\u4e2d\u4f4d\u6570\uff0c\u8dcc\u5e45\u8fd8\u4e0d\u591f\u5145\u5206\uff0c\u4e09\u91cd\u538b\u529b\u672a\u9006\u8f6c\u60c5\u51b5\u4e0b\uff0c\u4e2d\u671f\u4ecd\u5b58\u538b\u529b\u3002<\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u4e0b\u8dcc\u5bf9A\u80a1\u6709\u4f55\u5f71\u54cd\uff1f<\/strong><\/p>\n<p>\u3000\u3000\u7f8e\u80a1\u548cA\u80a1\u57282015\u5e74\u540e\u51e0\u4e4e\u6bcf\u6b21\u90fd\u540c\u6b65\u89c1\u5e95\uff0c\u4f46\u6211\u4eec\u8ba4\u4e3a\u672c\u8f6e\u7f8e\u80a1\u4e0b\u8dcc\u5bf9A\u80a1\u7684\u51b2\u51fb\u6709\u9650\uff0c\u5177\u4f53\u539f\u56e0\uff1a1\uff09\u4ece\u57fa\u672c\u9762\u770b\uff0c\u672c\u8f6e\u4e2d\u7f8e\u7ecf\u6d4e\u5468\u671f\u9519\u4f4d\uff0c\u4e2d\u56fd\u5df2\u6b65\u5165\u4ece\u8870\u9000\u2192\u5c0f\u590d\u82cf\u7684\u9636\u6bb5\uff0c\u4f46\u5916\u9700\u677f\u5757\u6613\u53d7\u5230\u7f8e\u56fd\u8870\u9000\u98ce\u9669\u51b2\u51fb\uff1b2\uff09\u4ece\u6d41\u52a8\u6027\u770b\uff0c\u56fd\u5185\u6d41\u52a8\u6027\u975e\u5e38\u5145\u88d5\uff0c\u80a1\u5e02\u8d5a\u94b1\u6548\u5e94\u8fd1\u671f\u5c0f\u5e45\u56de\u6696\uff0c\u4e2d\u671f\u8fdb\u4e00\u6b65\u6539\u5584\u4ecd\u9700\u7b49\u5f85\u5b8f\u5fae\u89c2\u903b\u8f91\u5171\u632f\uff1b3\uff09\u4ece\u60c5\u7eea\u9762\u770b\uff0c\u8fd1\u671f\u4e2d\u7f8e\u5229\u5dee\u91cd\u65b0\u8f6c\u6b63\uff0c\u4eba\u6c11\u5e01\u6c47\u7387\u4f4e\u4f4d\u4f01\u7a33\uff0c\u5bf9\u8054\u50a8\u52a0\u606f\u62c5\u5fe7\u6709\u6240\u7f13\u89e3\u3002\u5f53\u524dA\u80a1\u57fa\u672c\u9762\u4e3b\u8981\u77db\u76fe\u5728\u5185\u4e0d\u5728\u5916\uff0c\u5982\u679c\u77ed\u671f\u7f8e\u80a1\u5bf9A\u80a1\u6784\u6210\u51b2\u51fb\uff0c\u53cd\u800c\u662f\u5e03\u5c40\u826f\u673a\u3002<\/p>\n<p>\u3000\u3000\u98ce\u9669\u63d0\u793a\uff1a\u7f8e\u56fd\u901a\u80c0\u7ee7\u7eed\u52a0\u5267\uff0c\u4fc4\u4e4c\u5c40\u52bf\u6301\u7eed\u7d27\u5f20\u3002<\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u8dcc\u5230\u4f4d\u4e86\u5417\uff1f<\/strong><\/p>\n<p>\u3000\u3000\u7f8e\u80a1\u77ed\u6682\u53cd\u5f39\u540e\u91cd\u56de\u8dcc\u52bf\uff0c\u8fd9\u6b21\u7684\u4e0d\u540c\u70b9\u5728\u4e8e\u7f8e\u503a\u6536\u76ca\u7387\u5df2\u8f83\u9ad8\u70b9\u4e0b\u884c\u8d85\u8fc730BP\uff0c\u7ebd\u7ea6\u8054\u50a8\u5236\u9020\u4e1a\u6307\u6570\u7b49\u591a\u9879\u9886\u5148\u6307\u6807\u663e\u793a\u7ecf\u6d4e\u4e0b\u884c\u538b\u529b\uff0c\u5e02\u573a\u4ea4\u6613\u8870\u9000\u7684\u6c1b\u56f4\u6e10\u6d53\u3002\u77ed\u671f\u6838\u5fc3\u77db\u76fe\u4f3c\u4e4e\u6b63\u5728\u4ece\u201c\u80c0\u201d\u5207\u6362\u5230\u201c\u6ede\u201d\uff0c\u5173\u4e8e\u7f8e\u80a1\u672a\u6765\u8d70\u52bf\uff0c\u6211\u4eec\u8fd9\u4e48\u770b\uff1a<\/p>\n<p>\u3000\u3000<strong>\u201c\u843d\u540e\u4e8e\u66f2\u7ebf\u201d\u5bfc\u81f4\u7f8e\u80a1\u9762\u4e34\u6d41\u52a8\u6027\u3001\u76c8\u5229\u3001\u80a1\u7968\u56de\u8d2d\u4e09\u91cd\u538b\u529b<\/strong><\/p>\n<p>\u3000\u3000<strong>\u75ab\u60c5\u540e\u7684\u7ecf\u6d4e\u8d85\u9884\u671f\u7684\u5feb\u901f\u590d\u82cf\uff0c\u5bfc\u81f4\u8054\u50a8\u672c\u8f6e\u52a0\u606f\u843d\u540e\u4e8e\u66f2\u7ebf\uff08behind the curve\uff09\u3002<\/strong>2020\u5e74\u7684\u65b0\u51a0\u75ab\u60c5\u9020\u6210\u4e86\u7f8e\u56fd\u5386\u53f2\u4e0a\u7a0b\u5ea6\u6700\u6df1\u4f46\u4e5f\u662f\u6301\u7eed\u65f6\u95f4\u6700\u77ed\u7684\u8870\u9000\uff0c\u800c\u75ab\u60c5\u7206\u53d1\u540e\u7684\u7f8e\u56fd\u7684MMT\u5b9e\u8df5\u6709\u6548\u4fdd\u62a4\u4e86\u9700\u6c42\uff0c\u7ecf\u6d4e\u5b9e\u73b0\u4e86\u5feb\u901f\u590d\u82cf\uff0c\u7528\u4e862\u5e74\u65f6\u95f4\u5931\u4e1a\u7387\u51e0\u4e4e\u5c31\u6062\u590d\u5230\u4e86\u75ab\u60c5\u524d\u7684\u6c34\u5e73\u3002\u8fd9\u79cd\u590d\u82cf\u7684\u5f3a\u52b2\u663e\u7136\u8d85\u8fc7\u4e86\u7f8e\u8054\u50a8\u7684\u9884\u671f\uff0c\u6bd5\u7adf\u4e0a\u4e00\u8f6e\u8870\u9000\u540e\u5931\u4e1a\u7387\u7684\u6062\u590d\u6574\u6574\u7528\u65f693\u4e2a\u6708\u3002\u8fd9\u5bfc\u81f4\u7f8e\u8054\u50a8\u653f\u7b56\u5e94\u5bf9\u660e\u663e\u540e\u7f6e\uff0c\u5728\u53bb\u5e74\u4e0b\u534a\u5e74\u7406\u5e94\u52a0\u606f\u7684\u65f6\u5019\u9ad8\u547c\u201c\u6682\u65f6\u6027\u901a\u80c0\u201d\u3002\u5386\u53f2\u4e0a\u52a0\u606f\u5468\u671f\u4e00\u822c\u59cb\u4e8e\u590d\u82cf\u524d\u4e2d\u671f\uff0c\u9996\u6b21\u52a0\u606f\u540e\u7ecf\u6d4e\u589e<span id=\"usstock_CKHUY\">\u957f\u548c<\/span><span id=\"quote_CKHUY\"><\/span>\u901a\u80c0\u4ecd\u5728\u4e0a\u884c\u901a\u9053\uff0c\u4f46\u76ee\u524d\u4ec5\u4ec5\u52a0\u606f\u4e24\u6b21\uff0c\u7f8e\u56fd\u7ecf\u6d4e\u52a8\u80fd\u5c31\u5df2\u7ecf\u660e\u663e\u653e\u7f13\uff0c\u901a\u80c0\u4e5f\u4e8e4\u6708\u5f00\u59cb\u56de\u843d\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u7f8e\u8054\u50a8\u843d\u540e\u4e8e\u66f2\u7ebf\u5bfc\u81f4\u76ee\u524d\u57fa\u672c\u9762\u548c\u6d41\u52a8\u6027\u9884\u671f\u90fd\u5904\u4e8e\u5bf9\u80a1\u5e02\u975e\u5e38\u4e0d\u53cb\u597d\u7684\u72b6\u6001\u3002<\/strong>\u6211\u4eec\u7528\u8c03\u67e5\u4e2d\u57fa\u91d1\u7ecf\u7406\u5bf9\u7ecf\u6d4e\u8868\u793a\u4e50\u89c2\u7684\u5360\u6bd4\u548cois\u9690\u542b\u672a\u6765\u4e00\u5e74\u653f\u7b56\u5229\u7387\u53d8\u52a8\u5206\u522b\u4ee3\u8868\u5e02\u573a\u5bf9\u57fa\u672c\u9762\u548c\u6d41\u52a8\u6027\u7684\u9884\u671f\uff0c\u53ef\u4ee5\u53d1\u73b0\u5386\u53f2\u4e0a\u4e24\u8005\u66f4\u503e\u5411\u4e8e\u6b63\u76f8\u5173\uff0c\u6216\u8005\u8bf4\u5982\u679c\u653f\u7b56\u5f3a\u70c8\u6536\u7d27\u9884\u671f\u4e00\u822c\u90fd\u51fa\u73b0\u5728\u5bf9\u7ecf\u6d4e\u9884\u671f\u4e50\u89c2\u7684\u9636\u6bb5\u3002\u4f46\u76ee\u524d\u5e02\u573a\u5bf9\u672a\u6765\u7684\u7ecf\u6d4e\u548c\u6d41\u52a8\u6027\u5747\u6781\u5ea6\u60b2\u89c2\uff0c\u6839\u636eBofA Global Fund Manager Survey\uff0c\u5bf9\u672a\u6765\u7ecf\u6d4e\u60b2\u89c2\u7684\u57fa\u91d1\u7ecf\u7406\u5360\u6bd4\u4e3a70%\uff08\u4e50\u89c2\u7684\u4e3a-70%\uff09\uff0c\u800cois\u5e02\u573a\u663e\u793a\u672a\u6765\u4e00\u5e74\u52a0\u606f\u9884\u671f\u8d85\u8fc7220BP\u3002\u4e24\u8005\u80cc\u79bb\u7684\u6838\u5fc3\u539f\u56e0\u5c31\u662f\u8054\u50a8\u843d\u540e\u4e8e\u66f2\u7ebf\uff0c\u9020\u6210\u4e86\u7ecf\u6d4e\u52a8\u80fd\u4e0b\u6ed1\u540e\u653f\u7b56\u4ecd\u5728\u6536\u7d27\u7684\u5c40\u9762\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u76c8\u5229\u4e0b\u6ed1+\u878d\u8d44\u6210\u672c\u4e0a\u884c\u610f\u5473\u7740\u7f8e\u80a1\u56de\u8d2d\u903b\u8f91\u9762\u4e34\u6311\u6218\u3002<\/strong>\u56de\u8d2d\u80a1\u7968\u662f\u7f8e\u80a1\u589e\u539aEPS\u5e76\u63a8\u52a8\u80a1\u5e02\u4e0a\u6da8\u7684\u91cd\u8981\u65b9\u5f0f\u3002\u5386\u53f2\u4e0a\u7f8e\u80a1\u56de\u8d2d\u5177\u6709\u66f4\u591a\u201c\u987a\u5468\u671f\u201d\u7684\u7279\u5f81\uff0c\u80fd\u5426\u5f00\u5c55\u80a1\u7968\u56de\u8d2d\u4e3b\u8981\u53d6\u51b3\u4e8e\u8d44\u91d1\uff0c\u800c\u8d44\u91d1\u7684\u6765\u6e90\u65e0\u975e\u662f\u4e24\u79cd\uff0c\u4e00\u662f\u901a\u8fc7\u4f01\u4e1a\u81ea\u8eab\u76c8\u5229\uff0c\u4e8c\u662f\u901a\u8fc7\u878d\u8d44\u501f\u6b3e\u3002\u5f53\u524d\u73af\u5883\u4e0b\uff0c\u4e00\u65b9\u9762\u4f01\u4e1a\u76c8\u5229\u9762\u4e34\u4e0b\u884c\u538b\u529b\uff0c\u53e6\u4e00\u65b9\u9762\u5229\u7387\u4e0a\u884c\u5bfc\u81f4\u878d\u8d44\u6210\u672c\u589e\u52a0\u3002\u901a\u8fc7\u80a1\u7968\u56de\u8d2d\u589e\u539aEPS\u4ece\u800c\u63a8\u5347\u80a1\u4ef7\u7684\u903b\u8f91\u53d7\u5230\u4e25\u91cd\u6311\u6218\u3002<\/p>\n<p>\u3000\u3000<strong>\u4e0a\u8ff0\u4e09\u91cd\u538b\u529b\u4e2d\u6709\u591a\u5c11\u5df2\u7ecf\u88ab\u5e02\u573a\u5b9a\u4ef7\uff1f<\/strong><\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u5728\u4f30\u503c\u65b9\u9762\u5df2\u8ba1\u5165\u4e86\u4e00\u5b9a\u7684\u6d41\u52a8\u6027\u60b2\u89c2\u9884\u671f\uff0c\u4f46\u5e76\u4e0d\u6781\u7aef\uff0c\u540e\u7eed\u53ef\u80fd\u7684\u538b\u529b\u4e3b\u8981\u6765\u81ea\u662f\u8054\u50a8\u8fdb\u4e00\u6b65\u7d27\u7f29\u548c\u673a\u6784\u60c5\u7eea\u8d70\u5f31\u3002<\/strong>\u6807\u666e500\u5e02\u76c8\u7387\u5df2\u56de\u52302000\u5e74\u4ee5\u6765\u5386\u53f2\u5747\u503c\u9644\u8fd1\uff0c\u76f8\u5bf9\u5e94\u7f8e\u503a\u6536\u76ca\u7387\u540c\u6837\u57282000\u5e74\u4ee5\u6765\u5747\u503c\u5de6\u53f3\uff0c\u53ef\u4ee5\u8ba4\u4e3a\u622a\u81f3\u76ee\u524d\u4e3a\u6b62\u7684\u6d41\u52a8\u6027\u538b\u529b\u6216\u5df2\u5728\u80a1\u4ef7\u4e2d\u53cd\u6620\u5f97\u8f83\u4e3a\u5145\u5206\u3002\u4f46\u540e\u7eed\u4ecd\u9700\u6ce8\u610f\u8054\u50a8\u8fdb\u4e00\u6b65\u7d27\u7f29\u98ce\u9669\uff0c\u5728\u7f8e\u8054\u50a8\u5f31\u5316\u5355\u6b2175BP\u52a0\u606f\u9884\u671f\u540e\uff0c\u7f8e\u503a\u6536\u76ca\u7387\u9636\u6bb5\u6027\u89c1\u9876\uff0c\u4e0d\u8fc7\u540e\u7eed\u9884\u8ba1\u4ecd\u6709\u591a\u6b21\u8fde\u7eed50BP\u52a0\u606f\u4ee5\u53ca\u7f29\u8868\u7684\u5b9e\u8d28\u6027\u843d\u5730\uff0c\u7f8e\u503a\u5229\u7387\u672a\u6765\u4ecd\u6709\u8fdb\u4e00\u6b65\u4e0a\u884c\u7684\u53ef\u80fd\u3002\u60c5\u7eea\u9762\uff0cAAII\u4e2a\u4eba\u6295\u8d44\u8005\u51c0\u770b\u7a7a\u6bd4\u4f8b\u57284\u6708\u8fbe\u5230\u4e8643%\u7684\u5386\u53f2\u9ad8\u4f4d\uff0c\u800cCBOE\u770b\u8dcc\/\u770b\u591a\u671f\u6743\u6bd4\u4f8b\u57280.5~0.9\u533a\u95f4\u6ce2\u52a8\uff0c\u8ddd\u79bb\u6781\u7aef\u503c\u8fd8\u6709\u4e00\u5b9a\u8ddd\u79bb\uff0c\u610f\u5473\u7740\u673a\u6784\u6295\u8d44\u8005\u60c5\u7eea\u53ef\u80fd\u8fd8\u6709\u8fdb\u4e00\u6b65\u8d70\u5f31\u7684\u98ce\u9669\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u80a1\u4ef7\u4e2d\u5df2\u7ecf\u5f00\u59cb\u90e8\u5206\u53cd\u6620\u76c8\u5229\u4e0b\u884c\u7684\u5f71\u54cd\uff0c\u4e0d\u8fc7\u8fd9\u4e00\u8fc7\u7a0b\u53ef\u80fd\u4f1a\u6301\u7eed\u6570\u6708\uff0c\u800c\u66f4\u5927\u7684\u4e0d\u786e\u5b9a\u6027\u662f\u5c1a\u672a\u88ab\u5e02\u573a\u5145\u5206\u8ba1\u4ef7\u7684\u8870\u9000\u98ce\u9669\u3002<\/strong>\u5e02\u573a\u5bf9\u76c8\u5229\u4e0b\u884c\u7684\u53cd\u6620\u5f80\u5f80\u5b58\u5728\u65f6\u6ede\uff0c\u80a1\u4ef7\u7684\u8c03\u6574\u6ede\u540e\u4e8e\u5b9e\u9645\u76c8\u5229\u7684\u8c03\u6574\uff0c\u6839\u636eBloomberg\u6570\u636e\uff0c\u6807\u666e500\u5b9e\u9645\u76c8\u5229\u6536\u76ca\u7387\uff08\u7ecf\u8fc7\u901a\u80c0\u8c03\u6574\u7684\u76c8\u5229\/\u80a1\u4ef7\uff0cTTM\uff09\u9886\u5148<span id=\"usstock_.INX\">\u6807\u666e\u6307\u6570<\/span><span id=\"quote_.INX\"><\/span>\u540c\u6bd4\u5927\u69826~12\u4e2a\u6708\u5de6\u53f3\u3002\u76ee\u524d\u6807\u666e\u5b9e\u9645\u76c8\u5229\u6536\u76ca\u7387\u6b63\u5904\u4e8e\u63a2\u5e95\u9636\u6bb5\uff0c\u9884\u8ba1\u672a\u6765\u6570\u6708\u76c8\u5229\u5c06\u6301\u7eed\u5bf9\u7f8e\u80a1\u4ea7\u751f\u538b\u529b\u3002\u57fa\u672c\u9762\u4e0b\u884c\u7684\u98ce\u9669\u53ef\u80fd\u5c1a\u672a\u5b8c\u5168\u53cd\u6620\u5728\u5bf9\u672a\u6765\u76c8\u5229\u7684\u9884\u671f\u4e2d\uff0c\u6839\u636eBloomberg\u7edf\u8ba1\uff0c\u673a\u6784\u9884\u8ba12023\u5e74\u6807\u666e500\u7684EPS\u4f9d\u7136\u4f1a\u6e29\u548c\u589e\u957f\uff0c\u8bf4\u660e\u8870\u9000\u98ce\u9669\u5e76\u6ca1\u6709\u5145\u5206\u88ab\u5e02\u573a\u8ba1\u4ef7\uff0c\u6216\u662f\u672a\u6765\u66f4\u5927\u4e0d\u786e\u5b9a\u6027\u7684\u6765\u6e90\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u80a1\u7968\u56de\u8d2d\u6210\u672c\u4e0a\u5347\u51b2\u51fb\u5c1a\u672a\u663e\u73b0\uff0c\u9884\u8ba1\u672a\u6765\u56de\u8d2d\u89c4\u6a21\u53ef\u80fd\u4f1a\u660e\u663e\u51cf\u5c11\uff0c\u4ece\u800c\u5bf9\u7f8e\u80a1\u5f62\u6210\u62d6\u7d2f\u3002<\/strong>\u6839\u636e\u6807\u666e\u516c\u53f8\u6700\u65b0\u6570\u636e\uff0c\u6807\u666e500\u516c\u53f8\u57282021\u5e74\u56db\u5b63\u5ea6\u7684\u56de\u8d2d\u91d1\u989d\u662f\u521b\u5386\u53f2\u65b0\u9ad8\u76842701\u4ebf\u7f8e\u5143\uff0c\u4f46\u9884\u8ba1\u4ece2022\u5e74\u4e00\u5b63\u5ea6\u5f00\u59cb\u8fd9\u4e00\u6570\u503c\u4f1a\u5927\u5e45\u51cf\u5c11\u3002\u53c2\u80032008\u5e74\u91d1\u878d\u5371\u673a\u7206\u53d1\u540e\uff0c\u56de\u8d2d\u91d1\u989d\u4e00\u5ea6\u964d\u81f3\u6b64\u524d\u768415~20%\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u672a\u6765\u5982\u4f55\u6f14\u7ece\uff1f<\/strong><\/p>\n<p>\u3000\u3000<strong>\u6ede\u80c0\u4ea4\u6613\u5df2\u8fdb\u5165\u4e0b\u534a\u573a\uff0c\u8870\u9000\u53d9\u4e8b\u6b63\u5728\u915d\u917f\uff0c\u65e0\u8bba\u6ede\u80c0\u8fd8\u662f\u8870\u9000\uff0c\u5bf9\u6743\u76ca\u8d44\u4ea7\u6765\u8bf4\u5747\u662f\u9006\u98ce\u3002<\/strong>\u53c2\u7167\u6211\u4eec\u57284\u670819\u65e5\u62a5\u544a\u300a\u6ede\u80c0\u4ea4\u6613\u7684\u4e0b\u534a\u573a\u5c06\u5982\u4f55\u6f14\u7ece\u300b\u4e2d\u63d0\u51fa\u7684\u6807\u51c6\uff0c\u968f\u7740\u7f8e\u56fd4\u6708\u901a\u80c0\u5c0f\u5e45\u56de\u843d\uff0c\u672c\u8f6e\u6ede\u80c0\u4ea4\u6613\u5df2\u7ecf\u786e\u8ba4\u8fdb\u5165\u4e0b\u534a\u573a\u30025\u670811\u65e5\u62a5\u544a\u300a\u6d77\u5916\u662f\u65f6\u5019\u4ea4\u6613\u8870\u9000\u4e86\u5417\u300b\u63d0\u793a\u94dc\u91d1\u6bd4\u3001\u7f8e\u503a\u671f\u9650\u5229\u5dee\u3001\u7ecf\u6d4e\u9886\u5148\u6307\u6807\u3001\u5916\u90e8\u98ce\u9669\u7b49\u89d2\u5ea6\u7684\u65e9\u671f\u8870\u9000\u4fe1\u53f7\u5df2\u7ecf\u6d6e\u73b0\u3002\u65e0\u8bba\u662f\u6ede\u80c0\u4ea4\u6613\u7684\u540e\u671f\u8fd8\u662f\u8870\u9000\u4ea4\u6613\u524d\u671f\uff0c\u5bf9\u7f8e\u80a1\u5747\u4e0d\u5229\u3002<\/p>\n<p>\u3000\u3000<strong>\u77ed\u671f\u5e02\u573a\u903b\u8f91\u5728\u201c\u6ede\u201d\u4e0d\u5728\u201c\u80c0\u201d\uff0c\u66f4\u7b26\u5408\u8870\u9000\u4ea4\u6613\u7684\u7279\u5f81\uff0c\u4f46\u4ecd\u9700\u5173\u6ce8\u901a\u80c0\u4e0b\u884c\u659c\u7387\u548c7\u6708\u4e4b\u540e\u6ede\u80c0\u4ea4\u6613\u5377\u571f\u91cd\u6765\u7684\u53ef\u80fd\u3002<\/strong>4\u6708\u7f8e\u56fd\u901a\u80c0\u89c1\u9876\u56de\u843d\uff0c\u8054\u50a86\u30017\u6708\u52a0\u606f50BP\u51e0\u4e4e\u5b8c\u5168\u88ab\u5e02\u573a\u8ba1\u4ef7\uff0c\u77ed\u671f\u5185\u5e02\u573a\u6838\u5fc3\u77db\u76fe\u53ef\u80fd\u4f1a\u4ece\u201c\u80c0\u201d\u5207\u6362\u5230\u201c\u6ede\u201d\uff0c\u8fd1\u671f\u80a1\u5e02\u7ee7\u7eed\u4e0b\u8dcc\u800c\u7f8e\u503a\u6536\u76ca\u7387\u62d0\u5934\u5411\u4e0b\u4e5f\u5370\u8bc1\u4e86\u8fd9\u4e00\u70b9\u3002\u4e0d\u8fc74\u6708\u6838\u5fc3CPI\u4fdd\u6301\u97e7\u6027\uff0c\u901a\u80c0\u4e0b\u884c\u7684\u659c\u7387\u4ecd\u662f\u51b3\u5b9a\u8054\u50a8\u540e\u7eed\u653f\u7b56\u7684\u6838\u5fc3\u53d8\u91cf\u3002\u5982\u679c\u901a\u80c0\u6301\u7eed\u9ad8\u4f4d\u4e0d\u843d\uff0c\u5373\u4fbf\u6392\u9664\u5355\u6b2175BP\u7684\u9009\u9879\uff0c\u4ecd\u5b58\u5728\u8054\u50a8\u5728\u5269\u4e0b\u7684\u4f1a\u8bae\u4e0a\u90fd\u52a0\u606f50BP\u3001\u5728\u5e74\u5e95\u5c06\u57fa\u51c6\u5229\u7387\u63d0\u5347\u81f33%\u4ee5\u4e0a\u7684\u53ef\u80fd\u3002\u4ece7\u6708\u5f00\u59cb\uff0c\u5e02\u573a\u4f1a\u5bfb\u627e\u66f4\u591a\u5bf9\u672a\u6765\u52a0\u606f\u8def\u5f84\u7684\u6307\u5f15\uff0c\u4e00\u65e6\u51fa\u73b0\u8d85\u9884\u671f\u7684\u9e70\u6d3e\u4fe1\u606f\uff0c\u6709\u53ef\u80fd\u628a\u5e02\u573a\u91cd\u65b0\u5e26\u56de\u6ede\u80c0\u4ea4\u6613\u7684\u903b\u8f91\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u76f8\u6bd4\u8f6f\u7740\u9646\uff0c\u7f8e\u56fd\u51fa\u73b0\u8870\u9000\u98ce\u9669\u7684\u6982\u7387\u53ef\u80fd\u66f4\u5927\u3002<\/strong>\u53c2\u8003\u54c8\u4f5b\u4e24\u4f4d\u5b66\u8005Alex Domash\u548cLawrence H.Summers\u57282022\u5e744\u670814\u65e5\u7684\u6d4b\u7b97\uff0c\u6839\u636e\u5386\u53f2\u89c4\u5f8b\uff0c\u5f53\u524d8%\u4ee5\u4e0a\u7684CPI\u548c3.6%\u7684\u5931\u4e1a\u7387\u610f\u5473\u7740\u672a\u6765\u4e00\u5e74\u51fa\u73b0\u8870\u9000\u7684\u6982\u7387\u4e3a100%\u3002\u80cc\u540e\u903b\u8f91\u662f\u5728\u52b3\u52a8\u529b\u5e02\u573a\u5982\u6b64\u7d27\u5f20\u7684\u60c5\u51b5\uff0c\u5728\u4e0d\u501f\u52a9\u8870\u9000\u7684\u60c5\u51b5\u4e0b\u5f88\u96be\u5b9e\u73b0\u901a\u80c0\u7684\u5feb\u901f\u964d\u6e29\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u548c\u5386\u6b21\u8870\u9000\u8c03\u6574\u76f8\u6bd4\uff0c\u672c\u8f6e\u7f8e\u80a1\u8dcc\u52bf\u66f4\u6025\uff0c\u5982\u679c\u53c2\u8003\u5386\u53f2\u5747\u503c\/\u4e2d\u4f4d\u6570\uff0c\u6807\u666e500\u8fd8\u6709\u6f5c\u5728\u4e0b\u884c\u7a7a\u95f4\u3002<\/strong>\u8003\u8651\u5230\u540e\u7eed\u4e09\u91cd\u538b\u529b\u7684\u6301\u7eed\u51b2\u51fb\uff0c\u4e0d\u6392\u9664\u672a\u6765\u66f4\u5927\u8dcc\u5e45\u7684\u53ef\u80fd\u3002\u6839\u636e\u6211\u4eec\u7edf\u8ba1\uff0c\u5728\u7b2c\u4e8c\u6b21\u4e16\u754c\u5927\u6218\u4ee5\u6765\u768412\u6b21\u7ecf\u6d4e\u8870\u9000\u5e26\u6765\u7684\u4e0b\u8dcc\u4e2d\uff0c\u6807\u666e500\u5e73\u5747\u8dcc\u5e45\u4e3a30%\uff0c\u4e2d\u4f4d\u6570\u8dcc\u5e45\u4e3a22%\uff0c\u5e73\u5747\u6301\u7eed\u65f6\u95f4\u4e3a13\u4e2a\u6708\uff0c\u4e2d\u4f4d\u6570\u4e3a15\u4e2a\u6708\u3002\u800c\u4ece2022\u5e741\u67083\u6708\u52305\u670820\u65e5\uff0c\u8fd15\u4e2a\u6708\u7684\u65f6\u95f4\u91cc\u6807\u666e\u8dcc\u5e45\u5df2\u7ecf\u8fbe\u5230\u4e8618.6%\uff0c\u4e5f\u5c31\u662f\u5982\u679c\u6309\u7167\u4e2d\u4f4d\u6570\/\u5e73\u5747\u6570\u4f30\u8ba1\uff0c\u6807\u666e500\u8fd8\u6709\u5927\u7ea67%\/14%\u7684\u4e0b\u8dcc\u7a7a\u95f4\u3002\u8003\u8651\u5230\u7f8e\u56fd\u5f53\u524d\u9762\u4e34\u7684\u4e09\u91cd\u538b\u529b\uff0c\u4e0d\u6392\u9664\u672c\u8f6e\u4e0b\u8dcc\u5e45\u5ea6\u8d85\u8fc7\u5386\u6b21\u8870\u9000\u5747\u503c\u7684\u53ef\u80fd\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u7f8e\u80a1\u4e0b\u8dcc\u5bf9A\u80a1\u6709\u4f55\u5f71\u54cd\uff1f<\/strong><\/p>\n<p>\u3000\u3000<strong>\u4e2d\u56fd\u52a0\u5165WTO\u4e4b\u540e\uff0c\u4e2d\u7f8e\u80a1\u5e02\u76f8\u5173\u6027\u6574\u4f53\u5448\u4e0a\u5347\u8d8b\u52bf\uff0c\u7279\u522b\u662f2015\u5e74\u4e4b\u540e\uff0c\u5728\u5386\u6b21\u5e02\u573a\u5e95\u90e8\u9644\u8fd1\u65f6\uff0c\u4e24\u8005\u76f8\u5173\u6027\u4f1a\u9aa4\u7136\u5347\u9ad8\u3002<\/strong>\u53ef\u4ee5\u770b\u5230\uff0c\u4e2d\u7f8e\u80a1\u5e02\u76f8\u5173\u6027\u4e00\u5171\u51fa\u73b0\u8fc7\u56db\u6b21\u660e\u663e\u7684\u201c\u5c16\u5cf0\u201d\uff0c\u5206\u522b\u662f\u57282007\u5e742\u6708\u30012015\u5e749\u6708\u30012018\u5e7412\u6708\u30012020\u5e744\u6708\u3002\u9664\u4e86\u7b2c\u4e00\u6b21\u662f\u5728A\u80a1\u5feb\u901f\u4e0a\u884c\u8fc7\u7a0b\u4e2d\uff0c\u540e\u4e09\u6b21\u5747\u51fa\u73b0\u5728\u718a\u5e02\u5e95\u90e8\u3002\u4e5f\u5c31\u662f\u8bf4\uff0c\u4ece2015\u5e74\u4e4b\u540e\uff0c\u7f8e\u80a1\u548cA\u80a1\u51e0\u4e4e\u6bcf\u6b21\u90fd\u540c\u6b65\u89c1\u5e95\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000\u63a2\u56e0\u4e2d\u7f8e\u80a1\u5e02\u7684\u7279\u6b8a\u76f8\u5173\u6027\uff0c\u6211\u4eec\u8ba4\u4e3a\u4e3b\u8981\u662f\u56e0\u4e3a\u7f8e\u80a1\u5bf9A\u80a1\u7684\u4f20\u5bfc\uff0c\u800c\u4ece\u4e2d\u56fd\u5411\u7f8e\u56fd\u7684\u94fe\u6761\u4f1a\u5f31\u5f88\u591a\u3002\u4e0d\u8fc7\uff0c\u672c\u8f6e\u4e2d\u7f8e\u80a1\u5e02\u63a2\u5e95\u8fd8\u9700\u4ece\u57fa\u672c\u9762\u3001\u6d41\u52a8\u6027\u3001\u60c5\u7eea\u9762\u8fd9\u4e09\u4e2a\u89d2\u5ea6\u8fdb\u4e00\u6b65\u5206\u6790\u3002<\/p>\n<p>\u3000\u3000<strong>\u672c\u8f6e\u4e2d\u7f8e\u7ecf\u6d4e\u5468\u671f\u9519\u4f4d\uff0c\u4e2d\u56fd\u5df2\u7ecf\u8fdb\u5165\u4ece\u8870\u9000\u2192\u5c0f\u590d\u82cf\u7684\u9636\u6bb5\uff0c\u4e0d\u8fc7\u5916\u9700\u677f\u5757\u5bb9\u6613\u53d7\u5230\u7f8e\u56fd\u8870\u9000\u98ce\u9669\u51b2\u51fb\u3002<\/strong>\u968f\u7740\u75ab\u60c5\u51b2\u51fb\u9010\u6e10\u5f31\u5316\u548c\u7a33\u589e\u957f\u653f\u7b56\u8fdb\u4e00\u6b65\u53d1\u529b\uff0c\u4e2d\u56fd\u5df2\u7ecf\u8fdb\u5165\u4ece\u8870\u9000\u5411\u5c0f\u590d\u82cf\u53d1\u5c55\u8fc7\u6e21\u7684\u9636\u6bb5\uff0c\u57fa\u672c\u9762\u5904\u4e8e\u6539\u5584\u901a\u9053\u4e2d\u3002\u4e0d\u8fc7\u7f8e\u56fd\u76ee\u524d\u5904\u4e8e\u7ecf\u6d4e\u665a\u5468\u671f\uff0c\u8870\u9000\u98ce\u9669\u9690\u73b0\uff0cA\u80a1\u4e2d\u5bf9\u5916\u9700\u654f\u611f\u7684\u76f8\u5173\u677f\u5757\uff08\u6bd4\u5982\u4e2d\u8bc1500\uff09\u4ecd\u7136\u53ef\u80fd\u9762\u4e34\u51b2\u51fb\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u56fd\u5185\u6d41\u52a8\u6027\u975e\u5e38\u5145\u88d5\uff0c\u80a1\u5e02\u8d5a\u94b1\u6548\u5e94\u8fd1\u671f\u5c0f\u5e45\u56de\u6696\uff0c\u4e2d\u671f\u8fdb\u4e00\u6b65\u6539\u5584\u4ecd\u9700\u7b49\u5f85\u5b8f\u5fae\u89c2\u903b\u8f91\u5171\u632f\u3002<\/strong>\u8fd1\u671f\u8d44\u91d1\u9762\u7ee7\u7eed\u7ef4\u6301\u5bbd\u677e\uff0cDR007\u548cR007\u5747\u57282%\u4ee5\u4e0b\uff0cDR007\u751a\u81f3\u6765\u52301.6%\u4ee5\u4e0b\u3002\u7406\u8d22\u548c\u8d27\u5e01\u57fa\u91d1\u5229\u7387\u4e5f\u5904\u4e8e\u4f4e\u4f4d\uff0c\u5e02\u573a\u6d41\u52a8\u6027\u975e\u5e38\u5bbd\u88d5\u3002\u80a1\u5e02\u8d5a\u94b1\u6548\u5e94\u8fd1\u671f\u6709\u6240\u56de\u6696\uff0c\u524d\u671f\u53d7\u4f24\u8f83\u91cd\u7684\u6210\u957f\u5f39\u6027\u66f4\u597d\uff0c\u590d\u82cf\u94fe\u6761\u76f8\u5173\u7684\u7269\u6d41\u548c\u5236\u9020\u4e1a\u4e5f\u6709\u6240\u4fee\u590d\u3002\u4e0d\u8fc7\u4e2d\u671f\u6765\u770b\uff0c\u80a1\u5e02\u56de\u5230\u4e0a\u884c\u8f68\u9053\u4ecd\u9700\u7b49\u5f85\u5b8f\u5fae\u89c2\u903b\u8f91\u5171\u632f\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u8fd1\u671f\u4e2d\u7f8e\u5229\u5dee\u91cd\u65b0\u8f6c\u6b63\uff0c\u4eba\u6c11\u5e01\u6c47\u7387\u4f4e\u4f4d\u4f01\u7a33\uff0c\u5bf9\u8054\u50a8\u52a0\u606f\u62c5\u5fe7\u6709\u6240\u7f13\u89e3\u3002<\/strong>\u7f8e\u503a\u6536\u76ca\u7387\u56de\u843d\u81f32.78%\uff0c\u4e2d\u7f8e\u5229\u5dee\u91cd\u65b0\u8f6c\u6b63\u3002\u4eba\u6c11\u5e01\u6c47\u7387\u57286.7~6.8\u4f4e\u4f4d\u4f01\u7a33\uff0c\u8054\u50a8\u52a0\u606f\u5bfc\u81f4\u7684\u5916\u90e8\u6d41\u52a8\u6027\u6536\u7d27\u62c5\u5fe7\u6709\u6240\u7f13\u89e3\u3002<\/p>\n<p><span class=\"img_descr\"><\/span><\/p>\n<p>\u3000\u3000<strong>\u5f53\u524dA\u80a1\u57fa\u672c\u9762\u4e3b\u8981\u77db\u76fe\u5728\u5185\u4e0d\u5728\u5916\uff0c\u7f8e\u80a1\u4e0b\u8dcc\u5bf9A\u80a1\u7684\u51b2\u51fb\u6709\u9650\uff0c\u5982\u679c\u77ed\u671f\u5bf9A\u80a1\u6784\u6210\u51b2\u51fb\uff0c\u53cd\u800c\u662f\u5e03\u5c40\u826f\u673a\u3002<\/strong><\/p>\n<p>\u3000\u3000<strong>\u98ce\u9669\u63d0\u793a<\/strong><\/p>\n<p>\u3000\u3000<strong>1\uff09\u7f8e\u56fd\u901a\u80c0\u7ee7\u7eed\u52a0\u5267\u3002<\/strong>\u82e5\u901a\u80c0\u7ee7\u7eed\u52a0\u5267\uff0c\u5219\u53ef\u80fd\u5f15\u53d1\u7f8e\u8054\u50a8\u8d27\u5e01\u653f\u7b56\u8fdb\u4e00\u6b65\u8f6c\u7d27\uff0c\u5e74\u5185\u8870\u9000\u98ce\u9669\u589e\u52a0\u3002<\/p>\n<p>\u3000\u3000<strong>2\uff09\u4fc4\u4e4c\u5c40\u52bf\u6301\u7eed\u7d27\u5f20\u3002<\/strong>\u4fc4\u4e4c\u51b2\u7a81\u5e94\u5f52\u4e8e\u201c\u5f71\u54cd\u91cd\u5927\u4f46\u96be\u4e8e\u9884\u5224\u201d\u4e00\u7c7b\uff0c\u6218\u573a\u5c40\u52bf\u4e0e\u5916\u4ea4\u65a1\u65cb\u77ac\u606f\u4e07\u53d8\uff0c\u53ea\u80fd\u505a\u6301\u7eed\u8ddf\u8e2a\u548c\u9884\u6848\uff0c\u800c\u4e0d\u80fd\u8ddf\u968f\u60c5\u7eea\u505a\u6295\u8d44\u51b3\u7b56\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u3000\u3000\u534e\u6cf0\u56fa\u6536\u534e\u6cf0\u56fa\u6536\u5f3a\u503a\u8bba\u575b \u3000\u3000\u5f20\u7ee7\u5f3a S0570518110002 \u7814\u7a76\u5458 \u3000\u3000\u9676\u51b6 S057052204&hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-3911","post","type-post","status-publish","format-standard","hentry","category-xinwen"],"_links":{"self":[{"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/posts\/3911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/comments?post=3911"}],"version-history":[{"count":0,"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/posts\/3911\/revisions"}],"wp:attachment":[{"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/media?parent=3911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/categories?post=3911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ba.bzhmzx.com\/index.php\/wp-json\/wp\/v2\/tags?post=3911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}