??西ç???4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????��??/STRONG>

????ä¸???æµ·å?å¸??ºï?ç¾????¨å????°¾å£°ï??³æ³¨ç¾??½ç?æµ?è¡°é??è¿?ç¨???ç¾??½å?¶é??ä¸?PMIå·²è?ç»?ä¸???ä½?äº??£æ??º¿ä¸??¹ï??¾ç¤ºç¾??½ç?æµ????åºþ=??ç»??¾ç?ï¼????????°å?????å°±ä???失ä????°æ??¡¨??å½???ç¾??½å°±ä¸?å¸??ºä??·å?ä¸?å®??§æ?§ã???????°æ???????ï¼?ç¾?????ç¾??ºæ?¶ç??????å¼¹ï?å¸??ºå?????????????????ä¸??¨ç??½å????3??CPI?°æ????¥é????ä¸?è¡?å¹?åºþ=???¾è??è¶?è¿?å¸??ºé???ï¼?ç¾????¨å???½å????????5?ºç?¹å??ï¼?å°??¿ç??©ç???¨å?¨æ??é«?ä½?ç»´æ??ä¸?段æ?¶é?´ã??å½???å¸??ºé???ç¾????¨å?ä¸???å¹´å????????ä½?å¹´å?????þB??????¨è?大ä?ç¡???§ï???继续?³æ³¨ç¾??½ç?æµ?è¡°é??è¿?ç¨???????

????äº????½å??ç»?æµ?å¤?äº?å¤???????ï¼?ä¸?季度ä¼?ä¸????©å??¢æ??åº??¨ã??è¿?????ä¸????ä¸?å¸????¸å???ç»?????022å¹´æ?¥å??2023å¹´ä?å­£æ?¥ï?ä»?å·²æ???²å?è§??°æ???¥ç??ï¼?å½????½å??ç»?æµ?å¤???è¾?为平稳ï??¶é??ä¸??????¶é??ä¸?PMIè¿?ç»?ä¸???ä½?äº??©å??ºé?´ï?ç»?æµ??????¨è?½æ???步修å¤?ï¼?ä½?å±?æ°?æ¶?费信å¿?è·?离ç??????æ°´å¹³ä»???è¾?大æ????空é?´ã???¹æ???½å?ç»?计å??°æ???1-2???¨å?½è?ä¸?å·¥ä?ä¼?ä¸?å®??°å?©æ¶¦?»é?8872.1亿å??ï¼???æ¯?ä¸???22.9ï¼????»å¹´é«??ºæ?°å????ç»?æµ?å¤?äº?å¤???????ï¼?ä¼?ä¸????©ä??¨æ?¢å?è¿?ç¨?ä¸???å·¥ä?ä¼?ä¸??©æ¶¦ä¸?A?¡é???????¨é?¨ç???©ç?¸å?³æ?§è?é«?ï¼?????é«??ºæ?°å???????°å?¨æ???ï¼?3??å·¥ä?ä¼?ä¸????©æ????????¹å??ï¼?A?¡ä?å¸????¸ç???©å?ç­?åº???????

????ä¸???????èµ????¥å??¥å??å¤?èµ?ï¼?强å??TMT???¿è?????2022å¹?1????023å¹???åº?ï¼?????èµ???????æµ??¥æ??ä¸??¡ä¸»è¦?å¢???èµ???ï¼????´å?èµ???好ç??æ¶?è´¹ã??建æ???????¶æ?¿å??é¢?æ¶??2??èµ·å?èµ?æµ??¥æ?????¾ç?ï¼?å½?????æµ??¥ä?è¶?00亿å??ï¼?3??份ï?å¤?èµ????°å????æ³¢å????ºé????è¡?温å??????ï¼?????èµ????¥å??å¤?èµ???为主è¦?å¢???èµ???ï¼????´æ????èµ??????¾å??å¥?MT?¿å??ï¼?ä¹?强å??äº???½®?°å?ç»?æµ?主é???è¡?????4??份ï??°å?ç»?æµ?产ä??¹é?¢æ??ä»???è¿?ä¸?æ­¥å????ï¼?å¸??ºå?³æ³¨åºþB??æ¸?ä»?模å??å±???åº??¨å???ç®???å±??©æ?£ã??

??????????èµ?建è?ï¼?4????»¥ç§???ä¸?äº?????ä»??¨ä??????¥ä¸­???ºï??½å??å¤?æµ??¨æ?§ç????????©ä?????å¸??ºè?????å±?å¼?ï¼?A?¡æ????æ¼?ç»????¡ä¸­????????å°??³æ?¥â??è¡???ï¼?4??ä¸?妨积??ä¸?äº???å½???æµ·å?ç¾????¨å??????¥å°¾å£°ï????¶å?è´¨æ?§è¡°??é£??©å????§ï??½å??ç»?æµ?å¤?äº?å¤???????ï¼?å®?è§??¿ç??µæ?¤ç?æµ?平稳å¢??¿ï?æµ??¨æ?§ç»´????????è£?ï¼????¶ä?ä¸????©æ????ç­?åº?????ï¼?????A?¡æ???°ä?è¡???ç»???ä¸?ï¼?????èµ???????ç»??¥å???强å??TMTè¡?????è¿?ä¸?步延ç»???¿å?????¨æ?ºä???è¿?ä¸?æ­¥æ?©æ?£ã??è¡?ä¸???ç½??ï¼??³æ³¨ä¸??¡æ??èµ?主线ï¼?

????1ï¼?AI?¸å?³ç???°å?ç»?æµ???????为贯穿å?¨å¹´????è¦?主é?ï¼?

????2ï¼?????äº?ç¾??ºå?©ç??ä¸?è¡???AIåº??¨å????????导ä?è¡?ä¸?ï¼?

????3ï¼???ä¸??¹ä¼°?¼ä?ç³»â??????ä¸?å¸þ??è·???????ä¸?ä¼?质央ä¼?/?½ä???èµ??ºä???

??????é£??©æ??示ï??¿ç???åºþ????é¢???ï¼?æµ·å?å¸??ºå¤§å¹?æ³¢å????°ç??¿æ²»é£??©ç???

????? / å½?

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

????æ­£æ??

????01æµ·å?å¸???/STRONG>ï¼?ç¾????¨å????°¾å£°ï??³æ³¨ç¾??½ç?æµ?è¡°é??è¿?ç¨?

???????¨å?¨ç???¡æ??????ï¼?A?¡è¡¨?°é?涨å?¨ç??ï¼??¥ç?225??纳æ??¾¾?????°é?è·????·ä???ï¼?A?¡æ???°æ?¹é???ç§???50???°å¤§æ¶?.35ï¼?ï¼?æ·±è?????????ä¸??¿æ????ä¸?è¯????°å?????æ¶?.06ï¼???1.98ï¼???1.67ï¼?ï¼?TMT???¿æ?¿å??继续强å?¿ï???导ä?????ï¼??¿å?°äº§??å¤??½ä?ä¹????¶æ??§è¡¨?°ï?ç¾??½ä?大è?¡æ??????ï¼????¼æ??·¥ä¸????°ä?æ¶?.63ï¼?ï¼?纳æ??¾¾?????°å??????00?????è·?1.10ï¼???0.10ï¼?ï¼?欧洲?¡æ??ä¸???±å?½å???00??æ³???AC40?????æ¶?.44ï¼???0.03ï¼?ï¼?å¾·å??AX???°å?å¹?ä¸?è·?0.20ï¼???大å??????¹é??/STRONG>ï¼?4??2?¥ï?以æ??¹é?¿æ??ä¼?¸ºé¦???OPEC+å¤?ä¸??????½å?å¸????¿å??产è?å¸??ºé???ï¼??½é????油大æ¶??ICEå¸?æ²¹å??WTI??æ²¹æ???¨å????¶¨è¶?6ï¼???å¤?æ±??¹é??/STRONG>ï¼????¨ç??????°ç»§ç»?µ°å¼±ï?ç¾?????人æ?å¸?æ±????¸å?平稳??

????3??ç¾???SM?¶é??ä¸??????¶é??ä¸?PMI?????å¾?46.3??51.2ï¼????????????.4??3.9ï¼??¶ä¸­?°è??????°æ???¾å???½ã????????ï¼?ç¾??½å?¶é??ä¸?PMIå·²è?ç»?ä¸???ä½?äº??£æ??º¿ä¸??¹ï??¾ç¤ºç¾??½ç?æµ????åºþ=??ç»??¾ç??????¶ç??½å°±ä¸?????ä»??¾ç?°é?§æ?§ï?ç¾??½å?³å·¥?¨æ?°æ???¾ç¤ºï¼?ç¾??????????°å?å°±ä?23.6ä¸?人ï?è¿?ç»?ä¸???ä¸???ï¼??¥ä?äº?å¸??ºé?????23.9ä¸?人ï?è¿?ä½?äº?2????32.6ä¸?人ã??ç¾?????失ä???ä¸?.5ï¼?ï¼?ä½?äº????¼ï?3.6ï¼?ï¼???é¢????¼ï?3.6ï¼?ï¼?ï¼?表æ??å½???ç¾??½å°±ä¸?å¸??ºä??·å?ä¸?å®??§æ?§ã???°æ???????ï¼?ç¾??????°è·³æ¶??ç¾??ºæ?¶ç??????????å¼¹ï?å¸??ºå?????????????????CMEç¾????¨è?å¯??¾ç¤ºï¼?å¸??ºé???5??继续??????æ¦???ä»?49ï¼?ä¸?????0ï¼?以ä???

????å½???å¸??ºé???ç¾????¨å?ä¸???å¹´å????????ä¸??¨ç??½å????3??CPI?°æ????¥é????ä¸?è¡?å¹?åºþ=???¾è??è¶?è¿?å¸??ºé???ï¼?ç¾????¨å???½å????????5?ºç?¹å??ï¼?å°??¿ç??©ç???¨å?¨æ??é«?ä½?ç»´æ??ä¸?段æ?¶é?´ï?å¹´å?????þB??????¨è?大ä?ç¡???§ï???继续?³æ³¨ç¾??½ç?æµ?è¡°é??è¿?ç¨?ï¼??????¥ç??è¡°é??é£??©å?å¤?äº????§é?¶æ???

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

????02?½å??ç»?æµ?å¤?äº?å¤???????ï¼?ä¸?季度ä¼?ä¸????©å??¢æ??åº???/STRONG>

????è¿?????ä¸????ä¸?å¸????¸å???ç»?????022å¹´æ?¥å??2023å¹´ä?å­£æ?¥ï?ä»?å·²æ???²å?è§??°æ???¥ç??ï¼?å½????½å??ç»?æµ??ºæ???¢å???è¾?为平稳ã??

????1ï¼?3???¶é??ä¸??????¶é??ä¸?PMIè¿?ç»?ä¸???ä½?äº??©å??ºé?´ï?ç»?æµ??????¨è?½æ???步修å¤?ï¼??¶ä¸­???¡ä????å¤???尤为?¾è??ï¼?

????2ï¼?è´§å?ä¿¡è´·??????èµ?ç«?????????ï¼?å±?æ°?æ¶?è´¹å???ä¸?足ã??2???°å?ä¼?ä¸?ä¸??¿è´·1.1ä¸?亿å??ï¼???æ¯?å¤?å¢?6048亿å??ï¼??ºå»º???¶é??ä¸?è´·æ?为主??ï¼?2???°å?å±?æ°?ä¸??¿è´·863亿å??ï¼?è¾??»å¹´?????????¹å??ï¼?ä½??´ä?è´??¿æ???¿ä???ä¸?足ã??

????3ï¼?å±?æ°?æ¶?费信å¿?ä»??¨ä¿®å¤?è¿?ç¨?ä¸????¹æ??¸­?½äººæ°??¶è???å¸?????2023å¹´ç?ä¸?季度?????¨æ?·é???·è??¥æ?¥å????ï¼?ä¸?季度?¾å??äº????´å??¨è??????å±?æ°???58.0ï¼?ï¼?æ¯?ä¸?å­£å??å°?3.8ä¸??¾å???¹ï?ä½?ä»?å¤?äº????²ç?¸å?é«?ä½?ï¼??¾å??äº????´å?æ¶?è´¹â????å±?æ°???æ¯?23.2ï¼?ï¼?è¾?ä¸?季度å°?å¹????????¶å?¥æ?????¹é???2023å¹´ä?季度å±?æ°??¶å?¥æ???????°ä¸º50.7ï¼?ï¼?æ¯?ä¸?å­£ä???6.9ä¸??¾å???¹ã??æ¶?è´¹è??ä¿¡å??¹é???2023å¹???æ¶?è´¹è??ä¿¡å????°å??æ¶?è´¹è??é¢??????°å????¸º94.7??98.4ï¼????1??????????3.5??4.7ï¼?ä½?è·?离ç??????æ°´å¹³ä»???è¾?大æ????空é?´ã??

????å·¥ä?ä¼?ä¸??©æ¶¦ä¸?A?¡é???????¨é?¨ç???©ç?¸å?³æ?§è?é«?ï¼?é¢?è®???å·¥ä?ä¼?ä¸????©ç????¹å??ï¼?ä¸?季度ä¼?ä¸????©å??¢æ??åº????äº?季度起æ??????æ¸????????¹æ???½å?ç»?计å??°æ???1-2??份ï??¨å?½è?模以ä¸?å·¥ä?ä¼?ä¸?å®??°å?©æ¶¦?»é?8872.1亿å??ï¼???æ¯?ä¸???22.9ï¼?ï¼??????»å¹´é«??ºæ?°å????ç»?æµ?å¤???????ï¼?ä¼?ä¸????©ä??¨æ?¢å?è¿?ç¨?ä¸???å¾?????ï¼?????é«??ºæ?°å???????°å?¨æ???ï¼?å·¥ä???产æ?¢å?常æ??ï¼?å±?æ°?é¢?????æ­¥å????ï¼?ä¸?å¸????¸ç???©æ°´å¹³å?ç­?åº???????

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

????03????èµ????¥å??¥å??å¤?èµ?ï¼?强å??TMT???¿è???

????2022å¹?1????023å¹???åº?ï¼?????èµ???????æµ??¥æ??ä¸??¡ä¸»è¦?å¢???èµ???ï¼????´å?èµ???好ç??æ¶?è´¹ã??建æ???????¶æ?¿å??é¢?æ¶??2??èµ·å?èµ?æµ??¥æ?????¾ç?ï¼?å½?????æµ??¥ä?è¶?00亿å??ï¼?3??份ï?å¤?èµ????°å????æ³¢å????ºé????è¡?温å??????ï¼?????èµ????¥å??å¤?èµ???为主è¦?å¢???èµ????????³æ???????èµ?èµ???å·²è?ç»?0?¨å??ä¹°å?¥ã???·ä???ï¼?3???³ä?A?¡è??èµ???ä¹°å?¥é??é¢?è¾?44.4亿å??ï¼????´æ????èµ??????¾å??å¥?MT?¿å??ï¼?ä¹?强å??äº???½®?°å?ç»?æµ?主é???è¡?????

???????????ï¼?TMT??论æ?????交é???æ¯?è¿????¢æ?????¥ç??ï¼??¿å??交æ????º¦å·²æ???¾æ?????³å???²é?ä½???4??份ï??°å?ç»?æµ?产ä??¹é?¢æ??ä»???è¿?ä¸?æ­¥å????ï¼?å¸??ºå?³æ³¨åºþB??æ¸?ä»?模å??å±???åº??¨å???ç®???å±??©æ?£ã??

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

??????ç«?å³°ã??å¼?æµ·ç??:4????»¥ç§???ä¸?äº?ï¼?ä¸??¡æ??èµ?主线

????04??èµ?å»?/STRONG>è®?/STRONG>ï¼?4????»¥ç§???ä¸?äº?

??????ä»??¨ä??????¥ä¸­???ºï??½å??å¤?æµ??¨æ?§ç????????©ä?????å¸??ºè?????å±?å¼?ï¼?A?¡æ????æ¼?ç»????¡ä¸­????????å°??³æ?¥â??è¡???ï¼?4??ä¸?妨积??ä¸?äº???å½???æµ·å?ç¾????¨å??????¥å°¾å£°ï????¶å?è´¨æ?§è¡°??é£??©å????§ï??½å??ç»?æµ?å¤?äº?å¤???????ï¼?å®?è§??¿ç??µæ?¤ç?æµ?平稳å¢??¿ï?æµ??¨æ?§ç»´????????è£?ï¼????¶ä?ä¸????©æ????ç­?åº?????ï¼?????A?¡æ???°ä?è¡???ç»???ä¸?ï¼?????èµ???????ç»??¥å???强å??TMTè¡?????è¿?ä¸?步延ç»???¿å?????¨æ?ºä???è¿?ä¸?æ­¥æ?©æ?£ã??

????è¡?ä¸???ç½??ï¼??³æ³¨ä¸??¡æ??èµ?主线ï¼?1ï¼?AI?¸å?³ç???°å?ç»?æµ???????为贯穿å?¨å¹´????è¦?主é?ï¼?2ï¼?????äº?ç¾??ºå?©ç??ä¸?è¡???AIåº??¨å????????导ä?è¡?ä¸?ï¼?3ï¼???ä¸??¹ä¼°?¼ä?ç³»â??????ä¸?å¸þ??è·???????ä¸?ä¼?质央ä¼?/?½ä???èµ??ºä???

????05é£??©æ??ç¤?/STRONG>

?????¿ç???åºþ????é¢???ï¼?æµ·å?å¸??ºå¤§å¹?æ³¢å????°ç??¿æ²»é£??©ç???

?³é?????读ï? ?¡å?

责任ç¼?è¾?ï¼???º®
精彩?¨è??
??è½½æ?´å?
?¨é?¨è?è®