j9¹ú¼ÊÕ¾±¸ÓÿƼ¼2018-03-12
1729
ÔÚ±±¾©Ê±¼ä2ÔÂ24ÈÕ£¬£¬£¬£¬£¬£¬£¬£¬ÏéÈð¶Ê³¤ÀîÊ鸣ÒÔ90ÒÚÃÀÔª×óÓҵļÛÇ®ÊÖÎÕ´÷Ä·ÀÕ9.69%µÄ¹É·Ý³ÉΪ´÷Ä·ÀÕ¼¯ÍÅ×î´óµÄ¹É¶«¡£¡£¡£¡£¡£¡£¡£

±ÈÑǵÏ-´÷Ä·ÀյĹØÏµÆËË·ÃÔÀë
һʯ¼¤Æðǧ²ãÀË£¬£¬£¬£¬£¬£¬£¬£¬ÏéÈðºÍÀîÊ鸣µÄ´óÐж¯²»µ«ÎüÒýÁËÈ«ÌìϵÄÑ۹⣬£¬£¬£¬£¬£¬£¬£¬Í¬Ê±Ò²Òý·¢Á˺£ÄÚÆäËû³µÆóµÄÐж¯¡£¡£¡£¡£¡£¡£¡£±ÈÑǵÏÊ×µ±Æä³å¡£¡£¡£¡£¡£¡£¡£
×÷Ϊº£ÄÚµÚÒ»¼ÒÓë´÷Ä·ÀÕÏàÖú²¢½¨ÉèºÏ×ʹ«Ë¾²¢Á¿²úÌÚÊÆ´¿µç¶¯³µÍ¶ÈëÊг¡µÄ±ÈÑǵϣ¬£¬£¬£¬£¬£¬£¬£¬ÃæÁÙÓë´÷Ä·ÀÕ×ßµÃÔ½À´Ô½½üµÄÏéÈ𣬣¬£¬£¬£¬£¬£¬£¬±ÈÑǵÏÔÚδÀ´Óë´÷Ä·ÀÕÔ½·¢ÉîÈëµÄÏàÖú»á²»»á·ºÆðÁîÈËÊÃÄ¿ÒÔ´ý¡£¡£¡£¡£¡£¡£¡£
Sanford C. BernsteinÆÊÎöʦMax WarburtonºÍCyprian YongeÌåÏÖ£¬£¬£¬£¬£¬£¬£¬£¬ÔÚÒ»·Ý±¨¸æÖУ¬£¬£¬£¬£¬£¬£¬£¬±ÈÑǵÏÌåÏÖËü¶Ô´÷Ä·ÀÕµÄÍÅ½áÆ·ÅÆDenzaÓÐÒ»¸öºã¾ÃµÄÉú³¤ÍýÏ룬£¬£¬£¬£¬£¬£¬£¬²¢°üÀ¨ÁËгµÐ͵ÄÐû²¼ºÍÔ½·¢¼¤½øµÄ³µÐÍÉè¼ÆºÍÊг¡Õ½ÂÔ¡£¡£¡£¡£¡£¡£¡£ÔÚ2017Äê 9Ô·ݣ¬£¬£¬£¬£¬£¬£¬£¬±ÈÑǵϾÍÌåÏÖÍýÏëÀ©´óÓë´÷Ä·ÀÕµÄÏàÖú£¬£¬£¬£¬£¬£¬£¬£¬¿ÉÊÇ´÷Ä·ÀÕ·½ÃæÈ´Ò»Ö±¾Ü¾ø½ÒÏþÈκÎÏà¹ØÌ¸ÂÛ¡£¡£¡£¡£¡£¡£¡£

ÏéÈð-´÷Ä·ÀÕÅÊÇ×Ä¿µÄÈ«Çò
ÀîÊ鸣ºÍÏéÈð¶Ô´÷Ä·ÀÕ¹ÉȨµÄ¹ºÈëºÜºéÁ÷ƽÉÏÊÇΪÁËÅäºÏÉú³¤ÐÂÄÜÔ´Æû³µ£¬£¬£¬£¬£¬£¬£¬£¬´÷Ä·ÀյļÓÈ뽫³ÉΪÏéÈðδÀ´ÐÂÄÜÔ´Æû³µÕ½ÂÔÖв»¿Éȱ°±ÉÄÒ»¿éÖ÷Ҫƴͼ¡£¡£¡£¡£¡£¡£¡£
µ«Ò²ÓпÉÄÜÊÂÓëԸΥ£¬£¬£¬£¬£¬£¬£¬£¬Bloomberg IntelligenceÆÊÎöʦSteve Man˵£¬£¬£¬£¬£¬£¬£¬£¬ÏéÈðÀë´÷Ä·ÀÕÔ½À´Ô½½üºÜ¿ÉÄܻᵼÖµ¹ú¹«Ë¾ÇжÏÓë±ÈÑǵϵĹØÏµ¡£¡£¡£¡£¡£¡£¡£Ëû˵£¬£¬£¬£¬£¬£¬£¬£¬´÷Ä·ÀպͱÈÑǵÏÒѾÏàÖú½üÊ®Ä꣬£¬£¬£¬£¬£¬£¬£¬¿ÉÊDz¢Ã»ÓеִïË«·½ËùÆÚÍûµÄÄ¿µÄ£¬£¬£¬£¬£¬£¬£¬£¬Õâ´ÎºÏ×ÊÏÔʾ³öÀ´µÄÒâÒå²¢²»´ó£¬£¬£¬£¬£¬£¬£¬£¬ÓÈÆäÊÇÔÚÌÚÊÆµç¶¯³µ½ÐºÃ²»½Ð×ùµÄÇéÐÎÏ¡£¡£¡£¡£¡£¡£¡£
Ëæ×ÅÊг¡µÄÐèÇóÔ½À´Ô½×ªÏòµç¶¯Æû³µºÍ×Ô¶¯¼ÝÊ»Æû³µ£¬£¬£¬£¬£¬£¬£¬£¬ÏéÈðÆÈÇеØÐèÒªÓëÒ»¸öÖØ´óµÄÈ«ÇòÆ·ÅÆÅÊÇ×£¬£¬£¬£¬£¬£¬£¬£¬²¢»ñµÃÒ»¶¨µÄÐÂÄÜÔ´Æû³µÊÖÒÕµÄÖ§³Ö¡£¡£¡£¡£¡£¡£¡£
ÀîÊ鸣ϣÍûÏéÈðºÍ´÷Ä·ÀÕÄܹ»Ôڵ綯Æû³µ£¬£¬£¬£¬£¬£¬£¬£¬ÔÚÏß·þÎñ£¬£¬£¬£¬£¬£¬£¬£¬³öÐй²ÏíºÍÊý×ÖÊÖÒÕÁìÓò¾ÙÐÐÏàÖú¡£¡£¡£¡£¡£¡£¡£Öнð¹«Ë¾ÆÊÎöʦκ·æÔÚ¸ø¿Í»§µÄÒ»·Ý±¨¸æÖÐÌåÏÖ£¬£¬£¬£¬£¬£¬£¬£¬¸Ã¡°ÅÊÇס±¸øÎ´À´ÏéÈð-´÷Ä·ÀÕÔÚÖйúÍŽáÉú²úÐÂÄÜÔ´Æû³µ´øÀ´ÁË¿ÉÄÜÐÔ¡£¡£¡£¡£¡£¡£¡£

±±Æû-´÷Ä·ÀÕµÄÎȲ½Ç°ÐÐ
ÔÚÀîÊ鸣ÊÕ¹º´÷Ä·ÀÕ½ü10%¹É·ÝºóµÄµÚһʱ¼ä£¬£¬£¬£¬£¬£¬£¬£¬±±Æû¼¯ÍÅѸËÙÏòÆäͶ×ÊÕß°ü¹Ü£¬£¬£¬£¬£¬£¬£¬£¬Óë´÷Ä·ÀÕµÄÈýÊ®ÄêÏàÖú¹ØÏµÈÔ½«¼á³ÖÕý¹ì¡£¡£¡£¡£¡£¡£¡£
¶ø¾ÍÔÚÀîÊ鸣µÄ¹ÉȨÊÕ¹ºÐÂÎÅ´«³öºóÁ½Ì죬£¬£¬£¬£¬£¬£¬£¬±±ÆûºÍ´÷Ä·ÀÕÐû²¼½«ÔÚÖйúΪ¼²³ÛÆû³µÍ¶×Ê19ÒÚÃÀԪн¨¹¤³§¡£¡£¡£¡£¡£¡£¡£ The Bernstein analysts ÆÊÎöʦÌåÏÖ£¬£¬£¬£¬£¬£¬£¬£¬ÔÚ±±Æû»ñµÃÕþ¸®Ö±½ÓÖ§³ÖµÄÇéÐÎÏ£¬£¬£¬£¬£¬£¬£¬£¬ÏéÈðµÄÐÐΪ²»Ì«¿ÉÄÜÆÆËðºã¾ÃÒÔÀ´Îȹ̵ı±Æû-´÷Ä·ÀÕÐÒé¡£¡£¡£¡£¡£¡£¡£

Öйú-´÷Ä·ÀÕ£¬£¬£¬£¬£¬£¬£¬£¬¿´ÖÐÊг¡£¡£¡£¡£¡£¡£¡£¬£¬£¬£¬£¬£¬£¬£¬·ÅÑÛδÀ´
ƾ֤Bloomberg IntelligenceµÄÊý¾Ý£¬£¬£¬£¬£¬£¬£¬£¬µ½2021Ä꣬£¬£¬£¬£¬£¬£¬£¬´¿µç¶¯³ËÓ󵽫ռÖйúгµÏúÊÛ¶îµÄ4£¥£¬£¬£¬£¬£¬£¬£¬£¬µÖ´ï100ÍòÁ¾ÒÔÉÏ£¬£¬£¬£¬£¬£¬£¬£¬¶ø´¿µç¶¯°ÍÊ¿µÈÉÌÓóµµÄ±ÈÀýÒ²½«»áÏÔÖøÔöÌí¡£¡£¡£¡£¡£¡£¡£
BNEFÕ¹Íû£¬£¬£¬£¬£¬£¬£¬£¬µ½2040Ä꣬£¬£¬£¬£¬£¬£¬£¬Öйúõè¾¶ÉϽ«Óжà´ï1.76ÒÚÁ¾´¿µç¶¯Æû³µ£¨Õ¼Öйúõè¾¶ÉÏËùÓÐÆû³µµÄ46£¥£©¡£¡£¡£¡£¡£¡£¡£´÷Ä·ÀÕÍýÏëÔÚ2022ÄêÇ°ÍÆ³ö10¿î´¿µç¶¯µÄ³µÐÍ£¬£¬£¬£¬£¬£¬£¬£¬Ô¤¼Æµ½2025Ä꣬£¬£¬£¬£¬£¬£¬£¬²åµçʽ»ìÏý¶¯Á¦³µºÍµç¶¯³µµÄÏúÊ۶µÖ´ï×ܽ»¸¶Á¿µÄ25£¥¡£¡£¡£¡£¡£¡£¡£
ÎÞÂÛ´÷Ä·ÀÕºÍÄļÒÖйúÆóÒµÏàÖú£¬£¬£¬£¬£¬£¬£¬£¬ËûÃǵÄÄ¿µÄ¶¼ºÜÃ÷È·¾ÍÊÇ¡ª¡ªÖйú¡£¡£¡£¡£¡£¡£¡£ÓÉÓÚº£ÄÚ¿ìËÙÔöÌíµÄµç¶¯Æû³µÊг¡ÔÚÈ«Ìì϶¼´¦ÔÚÁìÏÈְλ¡£¡£¡£¡£¡£¡£¡£¶øÔçÔÚ2014ÄêÖйúºÍµÂ¹úÕþ¸®Ç©ÊðµÄÓйش¿µç¶¯Æû³µ³äµç×®±ê×¼µÄͨÓÃÐÒé¾ÍÒѾΪ½ñÌìÖС¢µÂÁ½¹ú³µÆóµÄǿǿÍŽáÂñÏÂÁË·ü±Ê¡£¡£¡£¡£¡£¡£¡£Î´À´¾°ÎïÔõÑù£¬£¬£¬£¬£¬£¬£¬£¬ÎÒÃÇÊÃÄ¿ÒÔ´ý¡£¡£¡£¡£¡£¡£¡£
±¾ÎÄ×ªÔØ×ÔÆû³µ²ú¾Íø
±±¾©
°²»Õ
¸£½¨
¸ÊËà
¹ã¶«
¹ãÎ÷
¹óÖÝ
º£ÄÏ
ºÓ±±
ºÓÄÏ
ºÚÁú½
ºþ±±
ºþÄÏ
¼ªÁÖ
½ËÕ
½Î÷
ÁÉÄþ
ÄÚÃɹÅ
ÄþÏÄ
Çຣ
ɽ¶«
ɽÎ÷
ÉÂÎ÷
ÉϺ£
ËÄ´¨
Ìì½ò
Î÷²Ø
н®
ÔÆÄÏ
Õã½
ÖØÇì
Ïã¸Û
°ÄÃÅ
̨Íå