ä¸?¿¡è¯??¸ï??¨å¹´ç¬??ä¸??³é????å¤?çª??£æ??å°?????å¼???/p>
????ä¸?å£åº¦ï¼?A?¡å???????äº?ä»·å?¼ã?????¿å??主é??????¾ä¼°?¼ä¿®å¤?ï¼????¿ç±»è¡¨ç?°äº®?¼ï?å±???äº?å£åº¦ï¼??¨ç??æµ??¨æ?§å???½å???ºæ????¸¤å¤§æ???¹å·²?ºæ??¡®ç«?ï¼?并å?????å¾??°å?è§??°æ????A?¡è´¢?¥ä¸¤ä¸???¢ç??éª?è¯?ï¼?????å¤??¨é????é£??©ä??°ç??°å?¨æ???¾æ?¹å??ï¼?é¢?è®??¡å?¨å¹´ç¬??ä¸??³é????å¤?çª??£æ??å°?????å¼????è´¢æ?¥ä?绩驱?¨å???代主é¢???ä½?ï¼???为é?¶æ??§ä¸»çº¿ï???ä½?为年åºþ?¸»çº¿ç???°å?ç»?æµ?产ä????¨ç??æµ??¨æ?§æ???¹ç?¸å?³æ?¿å??å°???????è½??¨ã??
????ä¸??¹é????¨ç??æµ??¨æ?§ç´§ç¼©é???ä¸?ä¿??????¹å·²ç»?ç¡??ï¼?欧ç?????é£??©ä?æµ·å??°ç??°å?¨ä?å·²æ???¾æ?¹å??ï¼???å¼?ä¼°å?¼ä¿®å¤?空é?´ï??½å???ºæ???¢é???ä¸?ä¿??????¹ä?å°?????ç¡??ï¼?????A?¡é??ç½?»·?¼ã???þ???¹é???ç»?æµ??ºæ???¢é???å°?????å¾??°å?è§??°æ???A?¡è´¢?¥æ???²ä¸¤ä¸???¢ç??éª?è¯?ï¼?é¢?计ä?å£åº¦å®?è§??°æ??????è¶?é¢???ï¼?GDP??æ¯?读æ?°å??.5ï¼?~5ï¼?ï¼?ä¸?å£æ?¥å?????ä¸?绩é??å£æ?¹å????è¶??¿ã??
????综ä???è¿°ï??ºæ??? ¬??ä¼°å?¼ã??é£??©å??好å?±æ???ä¿???å¸??ºç???ä¸?ï¼?A?¡æ??å°???????å¼??¨å¹´ç¬??ä¸??³é????å¤?çª??£ï?è´¢æ?¥ä?绩驱?¨å???代主é¢???ä½?ï¼???为é?¶æ??§ä¸»çº¿ï?建è??³æ³¨?¶é??ä¸????°è?½æ????ºå»º??ä¸?å¸þ??è·??ºå?£ä¸??ç»???é¢???ï¼?年度主线?¹é???????äº??¨ç??æµ??¨æ?§æ???¹ç?????°è?????»ç???ºå»ºä»¥å??ç§???ç±»ä?ä¸?å°??¨ä?å£åº¦è½?????°å?ç»?æµ?产ä?????ä¸?ï¼?ä¸?游è??????äº?计ç??ºç?设æ?½ç?ä¸?绩æ????????ç»???é¢????´å??????ï¼?年度主线???¶æ??§ä¸»çº¿å??¥å??并轮?¨ã??
?????¨ç??æµ??¨æ?§å???½å???ºæ????/STRONG>
????两大????/STRONG>å·²å?ºæ??¡®ç«?
????1ï¼??¨ç??æµ??¨æ?§ç´§ç¼©é???ä¸?ä¿??????¹å·²ç»?ç¡??ï¼???å¼?ä¼°å?¼ä¿®å¤?空é?´ã??é¦???ï¼?欧ç??¶è?é£??©å???¼è´§å¸?å½?å±???åº?ï¼?????ä½?ç³»é??©å???¶ç????¨å??????å¥?ï¼?????©º?´å????ç»??¶é?´å??è¢???缩ï??¨ç??æµ??¨æ?§ç´§ç¼©é????????¹å·²??ç¡?????????30?¥ï?CME?°æ???¾ç¤º5????æ¢å????·²??为å??ºä¸»æµ?é¢???ï¼?æ¦???ä¸?3ï¼?ï¼????¶å??ºé???å¹´æ???ä¼?ä»???????¹å??????0bps????ä»??计ç????¨æ??½®?????¨æ??å°??¨ä?å¹???????+25bps??ç»???ï¼?ä¹????¿ç??©ç??å°??¨é?ä½?ç»´æ??ä¸?段æ?¶é?´ï?????ä¸?ä¼?è¿??¥é?????¨æ?????¶æ?ï¼?å½???欧ç??¶è?ä½?ç³»æ??ä¸?å??¨ç³»ç»??§é??©ï?ç¾????¨å?æ¿??§æ?©è¡¨??ï¼?ç¾??½å?款æ?ºæ???¨å???ä½?é¢?ä¸?????.4ä¸?亿ç?????é«?ä½?ï¼?ç¾??½å??大é?¶è???ä¸?级è?????足ç??è¿?ä¸?ä¸??åºþ=??ç»???å¼¹ï?欧å???ºé?¶è??´ä???ä¸?级è?????足ç??é«?è¾?6.3ï¼?ï¼?ä¼?äº?ç¾??½ï?ä¸?没æ???ºç?°ç??½å?款å??è´§å??ºé???????è¶??¿ã???¶è??±æ?ºå?å¸??ºé??©å??好ç???°å?¨å·²ç»??¶æ??§ä¿®å¤?ï¼?欧ç?主è??¡æ??å·²æ?¥è?ä¿???³ç?è°·é?¶è??±æ?ºç??????ï¼?VIX???°æ???¾å???½ï??±æ????? ¬??ç¾??½é?¶è????©æ?¹å¤§????CDS?¥ä»·ä¹?å¼?å§?ä¸?è¡???????ï¼?3??31?¥ç?½ä?ç½????»ç??¢å?¡ç?³ç???人æ???è®????表è?è¯?ï¼???è®???æ¢å?¨ä????°ç????对è??¨å¹¶ä¼????????è¿????©ä??¹å??å¸??ºå??·å?¥å?µæ???¶æ???ä¿?ä¹???äº?é¢?????
????2ï¼??½å???ºæ???¢æ?¢å?é¢???ä¸?ä¿??????¹ä?å°?ç¡??ï¼?????A?¡é??ç½?»·?¼ã??é¦???ï¼???导ç??PMI?°æ???¾ç¤º3???½å??ç»?æµ?????ä¿???¨è?½å?强ï??¶é??ä¸???è´????????1.9ï¼?è¿?ç»?ä¸???ä½?äº??©å??ºé?´ï?产é??两ç???????延ç»????ï¼????¶é??ä¸??¹é???3??份å???¡æ´»?¨æ???°ä¸º58.2ï¼?è¾?ä¸???ä¸???1.9ï¼??¶ä¸å»ºç?ä¸????¡æ´»?¨æ???°ä¸º65.6ï¼?è¾?ä¸???ä¸???5.4ï¼??¾ç¤º?ºå»ºä¸»çº¿???è¾?é«????¶æ?ï¼???强æ?»ç??æµ·å????é³?äº?æ´²è???强è?ä¸??½ç?æµ?å¢??¿ç???¨è?½å?????¿å¼º?²ï????¾ä¸?½ç?æµ?å¤?????ç§???ä¿¡å?·ï?è¿????©ä???ç¡???ºå?ç»?æµ?稳æ??¹å??é¢??????ºå????????ï¼?é¢?计ä?å£åº¦ä½??ºæ?°æ??åº????°æ?¿å???????°æ?½ç????°å?ç»?æµ?ç?ä¼??¿äº§ä¸???å±?ç????©å??ç´??¨å?¨ä?ï¼?ç»?æµ??°æ???å°?è¿?ä¸?æ¥æ?¢å????¨ç??æµ??¨æ?§é???ä¿???????½å???ºæ???¢æ?¹å??????A?¡é??ç½?»·?¼ï?ç¡?è°·é?¶è??±æ?ºç????以æ?¥ï?????èµ????¨ç??????æµ??ºä?????次æ?¢å?äº?稳æ???æµ??¥ç?¶æ??ï¼??¨ä??¨æ?¶é?´å??ï¼?3??13?¥ï?3??31?¥ï?已累计æ???47亿å????
????ç»?æµ??ºæ???¢é???å°?????å¾??°å?è§??°æ??/STRONG>
????ä¸?A?¡è´¢?¥æ???²ä¸¤ä¸???¢ç??éª?è¯?
????1ï¼?å®?è§??°æ?????????对æ?§æ?¿ç??½å?°ï?å°?éª?è¯?ç»?æµ?稳æ?å¤???è¶??¿ã??ä¸??¹é???3??ä»?MI?°æ??·²ä½??°å?ºå?ä½?ç»?æµ??´å¼º??ä¿?????¿ï??¹æ??¸ä¿¡è??¸ç??究é?¨å?è§?ç»????°è??¹ï?é¢?计ä?å£åº¦?¿å?°äº§é¢???????????èµ?ä¿??è¾?å¿?????¡ä??¢å??¨è?½æ??ç»??强ï?è´¢å????ç½??è¿??ºå»ºä¿???è¾?é«?å¢???ï¼?é¢?è®???份å??æ¯??°æ??¤§?½ç?¸å?1~2???´å¥½ï¼????????°é?å¢??¿ã??ä½???????ç»???ï¼?é¢?计ä?å£åº¦GDP??æ¯?å¢???.5~5ï¼?ï¼?äº?å£åº¦GDP??æ¯?å¢???~10ï¼????þ???¹é????¨å?¨é?¢ç??究并è¯?ä¼°ä?å£åº¦ç»?æµ??¶å?µå??ï¼?é¢?计é??对æ?§æ?¿ç?å°?继ç»????????ä»??为ç?æµ?????ä¿???½ç?¶ç¨³å®?ï¼?ä½?å½???ä¾??¶å?äº??¢å?????ï¼?ç»?æµ????¿ä??¶æ???¾ï??¿ç?å°?继ç»ç¨³å?å½?头ï?å·©å?ºæ??å±???????好ç?????¿ï?é¢?计æ???¥ç??稳å??¿æ?¿ç?ä¸?ä¼???????°ç?¨ä?两项工å?·æ?¥å???»å??å¼??ºæ?ï¼???????对è??å¼±ç?¹ç²¾????????è¿?????????äº???ä¸?æµ·å?¨å????å¤?ä¸???å¸??¨æ??¥ç?æµ?é¢????©å¤§å¸??ºå???¥ã??ä¼????¥å??????¹é?¢æ?¨å?ºæ?°ä¸¾????µæ?¤æ??¥ç?æµ?ä¿¡å?ï¼?è¿???äº???ç½?é¾?头ç??ç»?ç»??¶æ??è°??´ä?å¸þ=?¥ç§¯?????¿ç?ä¿¡å?·ã??
????2ï¼?è´¢æ?¥æ???²å?éª?è¯?A?¡ç???©å?????å£æ?¹å??è¶??¿ã??以æ??????31?¥æ???²å¹´?¥ä?绩è????ï¼?æ£å??¥å??/å¿???é¢???ï¼??????¸ä¸º?·æ???A??022å¹´å??å£åº¦/2022?¨å¹´???©æ¶¦??æ¯?å¢???????¸º+9ï¼?/+5ï¼?ï¼?å¼?å§????°å??¨å????¹å????????°å?»å¹´ä¸???å¹´ç??é«??ºæ?°æ??åº?ï¼?2023å¹´ä?å£åº¦???©æ¶¦??æ¯?å¢???大æ???ç»´æ??è¾?ä½?æ°´å¹³ï¼?ä½?A?¡ç???©é??å£æ?¹å????è¶??¿ä?????大类è¡?ä¸?ä¸??æ¶?è´¹æ?¿å??ä»??»å¹´??å£åº¦å¼?å§?å·²ç?è¿??¥ä?绩å???°é????ï¼??¶é???¿å??ä¸???¤ç?µæ?°ç???è¿??¶é??ä¸?ç»´æ??è¾?é«?å¢???以å?ï¼??¶ä?大é?¨å??è¡?ä¸?????æ±???弱影??ï¼?é¢?计ä?å£æ?¥ç???©å????´ä???ä½?ï¼?ä½??????°å????¶é??ä¸???èµ?ç»´æ??é«?ä½?æ°´å¹³ï¼?é¢?计è?½ä?äº?å£åº¦å¼?å§????°å?¨ä?绩å????ä¸?游å?¨æ???????»å¹´ä»·æ?¼å????æ±???é«??ºæ?°å½±??ï¼?ä¸?å£æ?¥é?计维??è¾?ä½?å¢???ï¼?ä½?å½???åº?å?水平已ç??ºç?°æ???¾æ?¹å??ï¼???»¥??å¾???æ±??ºå?å¸þ=?¥ç??ä»·æ?¼å¼¹?§ï?TMT?¿å?????¨å???????¾ï??¶ä¸????äº?ä¸?游ä???ç½?å¹³å?°è????????ç»???è¡?ä¸?å°?????ä¿??ï¼??»è???¿å???»å¹´??å£åº¦???©å???ä¸?æ»?ï¼???023å¹´ç??????å¤???è¿?ç¨?ä¸???¨å¹´???©é??å£ä¿®å¤???????
?????¨å¹´ç¬??ä¸??³é????å¤?çª??£æ??å°?????å¼???/STRONG>
????é¦???ï¼??½å??ç»?æµ????¿ç?é¢?????ä½??¹å·²è¿?ï¼?????4???°æ?????¿ç??½å?°é?è¯?ï¼??ºæ???¢å?¨å¹´è¶??¿æ?§æ?¹å????é¢??????¹å?ç¡??ï¼?å¸??ºå????°å?????±è?ï¼?å¤??A?¡å?¨é??¿®å¤????ºç????¶æ?ï¼?????é£??©çº¦??ä¸?ï¼??¨ç??æµ??¨æ?§æ?¶ç´§é¢????????¹å·²ç»???ç¡??并é?计å?????ç¾????¨æ????ä¸?次å??????表æ????ç¡??ï¼????©ä??¹å???¨ç??????ä¼°å?¼ï??¹å????????A?¡å?¨å?¨ç??主è?èµ?产ä¸????ç½?»·?¼ã??????ï¼?欧ç??¶è??±æ?ºæ?°å?¨é?¶æ??§ç?解ï?ä¿?ä¹??²ç?è¶??¿æ?§ç????????????°ï??½å??æ°??¥ç?æµ????¿ç??µæ?¤ä¿¡å¿?ä¿??ï¼?è¿?äº??½æ???©ä??????????é£??©å??好ã???ºæ??? ¬??ä¼°å?¼ã??é£??©å??好å?±æ???ä¿???å¸??ºç???ä¸?ï¼?ç»?????ï¼?A?¡å???????å¼??¨å¹´ç¬??ä¸??³é????å¤?çª??£ã??
????两类主线??æ¥æ??ç¡?/STRONG>
????年度主线???¶æ??§ä¸»çº¿å??¥å??并轮??/STRONG>
????1ï¼?è´¢æ?¥ä?绩驱?¨å???代主é¢???ä½?ï¼???为é?¶æ??§ä¸»çº¿ã??å½???å¹´æ?¥è????å·²ç?¸å?æ¸??°ï?ä½?4???³å????²ç??å®?è§??°æ????ä¸?å£æ?¥ä???¸´ç»?æµ?å¤?????ç»??????????ï¼??¨ç???å£æ????ä¸??ä»?ä¹???ï¼?é¢?计æ??èµ???????å°??´å??³æ³¨ä¸?绩驱?¨å??ä¸??¡ï?并é???°è?ä¼°ä?å¹´ç??è¡?ä¸????è¶??¿ï???对å??ºç???å¸þ=?¥å·¨å¤§å½±????综å??ä¸?¿¡è¯??¸ç??究é?¨è?ä¸?ç»?è§??¹ï???ä»?¢³??äº???大类?¿å?????°æ???åºþ@????ï¼??¸å???好ç??ç»???é¢?????????¶é???¿å??ä¸?STRONG>ä¸??ºå»º??ä¸?å¸þ??è·??ºå?£ç?¸å?³ç???ºæ?设å?ï¼??¨æ???¿å??ä¸???大ç?¼å????磷å??å·¥ï?大æ?è´¹æ?¿å??ä¸???纺ç???è£????????¶é?????ä¸?????/STRONG>ç?ï¼??°è?½æ??¿å??ä¸???ç¡??????????¨ã???µæ???ç?ï¼????¶å»ºè®??³æ³¨????STRONG>ä¸?å¸þ??è·?/STRONG>沿线?½å????ºå?£å??ä¼?ä¸???
????2ï¼?ä½?为年åºþ?¸»çº¿ç???°å?ç»?æµ?产ä????¨ç??æµ??¨æ?§æ???¹ç?¸å?³æ?¿å??å°???????è½??¨ã???¨ç??æµ??¨æ?§æ???¹å?ä¸?STRONG>???°è?????»ç???ºå»ºä»¥å??????ä½??¶å?¥æ?????©ç??ç§???ç±»ä?ä¸???ä¾??´å¥½??ä¼°å?¼æ?©å????ï¼?é¢?计ç?¸å?³å??ç§?äº?å£åº¦å°?å¼?å§?è½??¨ã????ä½?为æ?°å?ç»?æµ?????è¦?ç»????¨å??ï¼?人工?ºè?½ã???°æ???ç´???ç§?????¸»???§å?¨å?¨å¹´ç»´åº¦??å½¢æ???·å?èµ???容é????èµ???级æ?ºä?ï¼?ä½?å½???ä»?å¤?äº?产ä??¸å??©æ?????¶æ?ï¼??¸å?³æ?????¨å?½å???½å??°å??ä¸?模å?????°å??æ¶?è´¹å?ºæ?????è¦??¶é?´ï?????????????2??MT??交é???A?¡æ??交æ???è¶?è¿?40ï¼?ï¼?对å?¶ä??¿å???¹å?¸æ??åº????????¾ï?é¢?è®???份å?å§?ä¼´é??交æ????ä¸?º¦??ä¸???ï¼?è¡???ä¹?å°??´ç?ä¸?å£æ?¥å?å§??ºç?°å????ï¼?é¢?è®?STRONG>ä¸?游è??????äº?计ç??ºç?设æ??/STRONG>ç?ä¸?绩æ????????ç»???é¢????´å????????
????é£??©å??ç´?
????????å½±å??è¶?é¢???ï¼?ä¸??ç§?????è´¸æ????????é¢????©æ?þ@???§ï??½å???¿ç???ç»?æµ?å¤???è¿?åºþ????é¢???ï¼?æµ·å??å¤?å®?è§?æµ??¨æ?§è?é¢????¶ç´§ï¼?ä¿?ä¹??²ç?è¿?ä¸?æ¥å??级ã??
?³é?????读ï? ??å¤?
- ä¸?????»·??æ·¡å?ä¸?æ·¡â?? ?¨å?½è???´å?å¹???å¼¹è?é¢???走强
- ??ä¼??»ç??涨价信å?·å·²? ä¾??????°ç´§å¹³è¡¡
- ?½å??½æ?å±????¨ç???©æ?´æ²¹åº??¨è?? è¡?ä¸?è¿??¥æ?ºé??
- äº?????????è¾?æ°¢ç???项ç?????¨æ????ï¼?è¾?æ°¢ç???建è?????ï¼??³æ³¨??å¥???????èµ??ºé??
- å®??¨ä???? ???ºæ¶²æµ??µæ???究å??å¾??°è?å±?
- 巨头纷纷å¸?å±?Robotaxi ?ºæ????好æ?ºè?½é©¾é©¶äº§ä¸???å±?
- ?½é??å¯?åºþ@??çº?? å¤????°è?½æ?????è½þA?级å?ºæ?????µæ?
