水果拉霸多人版

GUANZHUSHAMENZIXUNWANG,WEININTIGONGZUIXINSHAMENSHENGHUOZIXUN。

微信
手机版
黑色皮肤 蓝色皮肤

任泽平:预计2020年下半年猪肉价格有望迎来拐点

2020-02-15 00:43:32 栏目 : 基金 围观 : 次 评论

水果拉霸多人版  HENGDAYANJIUYUANRENZEPINGFAWENCHENG,10YUECPICHUANG2012NIANCHUYILAIXINGAO。ZHUROUJIAGESHITUIDONGCPISHANGZHANGDEHEXINYINSU。WANGHOUKAN,YOUYUCUJINSHENGZHUSHENGCHANZHENGCELUODI,SHENGZHUSHENGZHANGDENGJUNXUYAOSHIJIAN,YINCIYUJI2020NIANXIABANNIANZHUROUJIAGEYOUWANGYINGLAIGUAIDIAN。DUANQILAIKAN,YOUYUZHUROUJIAGEKUAISUJIEJINNIUYANGROUJIAGE,TIDAIXIAOYINGXIAJINQIZHUROUSHANGZHANGSUDUFANGHUAN。DANYOUYUGONGXUQUEKOURENGDA,HOUXUKENENGHUICHUXIANZHUROUHETIDAIPINJIAGELUOXUANSHANGSHENGDEQINGKUANG,XUYAOJIAQIANGTONGZHANGYUQIGUANLI。

  YIXIAWEIQUANWEN:

  拿掉猪以后都是通缩啊——点评10月物价数据

  SHIJIAN

  ZHONGGUO10YUECPITONGBISHANGZHANG3.8%,YUQI3.4%,QIANZHI3%。ZHONGGUO10YUEPPITONGBIXIAJIANG1.6%,YUQIJIANG1.6%,QIANZHIJIANG1.2%。

  JIEDU

水果拉霸多人版  1、ZHUROUDAIDONGCPIDAZHANG,PPITONGSUOJIAJU,FENHUAJIADA

  10YUEWUJIASHUJUDEZHUYAOTEDIAN:

水果拉霸多人版  1) NADIAOZHUYIHOUDOUSHITONGSUO。

  10YUECPITONGBISHANGZHANG3.8%,BISHANGYUEZHANGFUKUODA0.8GEBAIFENDIAN。ZHIDEZHUYIDESHI,CHUROULEIJIAGESHANGZHANG66.8%,YINGXIANGCPISHANGZHANGYUE2.92GEBAIFENDIAN,QIZHONGZHUROUJIAGESHANGZHANG101.3%,YINGXIANGCPISHANGZHANGYUE2.43GEBAIFENDIAN,ZHANCPITONGBIZONGZHANGFUDEJINSANFENZHIER。

  10YUECPIHUANBISHANGZHANG0.9%。QIZHONG,SHIPINJIAGESHANGZHANG3.6%,FEISHIPINJIAGESHANGZHANG0.2%;SHIPINZHONG,CHUROULEIJIAGESHANGZHANG14.7%,YINGXIANGCPISHANGZHANGYUE0.91GEBAIFENDIAN,QIZHONGZHUROUJIAGESHANGZHANG20.1%,YINGXIANGCPISHANGZHANGYUE0.79GEBAIFENDIAN,ZHANCPIHUANBIZONGZHANGFUDEJINJIUCHENG。

水果拉霸多人版  RUKOUCHUZHUROUJIAGESHANGZHANGYINSU,CPIHUANBISHANGZHANGYUE0.1%,TONGBISHANGZHANGYUE1.3%。

水果拉霸多人版  TONGSHI,FEISHIPINCPIJIXUXIAXING,PPITONGBI-1.6%,PPILIANXU4GEYUETONGSUO,SHIJILILVSHANGSHENG。

  ZHUJIADAZHANGSHIHUANBAOYIDAOQIE+FEIZHOUZHUWENDAOZHIDEGONGJICEDUANQUE,GONGYEPINJIAGECHIXUXIADIEFANYINGDESHIXUQIUCEDIMI,XIAOTIAO,TONGSUO。YUJINGJIXIAXING、HUOBIJINRONGHUANJINGSHIPIPEIDE。

  CONGHUOBIHUANJINGKAN,DANGQIANHUOBIJINRONGHUANJINGZHENGTIWENJIAN、JUBUPIANJIN,XIANRANBUJUBEIQUANMIANTONGZHANGDETIAOJIAN。DANGQIANM2ZENGSU-SHIJIGDPZENGSUCHUYULISHIDIWEI,DAIKUANJIAQUANLILV-PPIZENGSUDECHACHIXUSHANGSHENG,FANYINGSHIJILILVBUDUANPANSHENG,QUANMIANTONGZHANGDEHUOBIHUANJINGBINGBUJUBEI。

  SHISHIYIJINGFEICHANGQINGCHU,YINCI,DANGQIANWUJIAXINGSHIDEGUANJIANBUSHITONGZHANG,ERSHITONGSUO!ZHEIYUJINGJIXIAXING、XUQIUDIMI、M2ZENGSUPIANDIDENGPIPEI。

  DANGQIANHUOBIZHENGCEYAOBIMIANWUPAN,BIMIANFAN2007NIANDI-2008NIANSHANGBANNIANDECUOWU,DANGSHIYESHIZHUZHOUQITUISHENGCPI,DANSHITIJINGJIYIJINGKAISHIXIAXING、XUQIUSHOUSUO,ERHUOBIZHENGCECHUXIANZHONGDAWUPAN,CHIXUJIAXI,JIAZHONGLE2008NIANXIABANDEJINGJISHUAITUI,YIJI2009NIANDE4WANYICIJI,DAOZHIJINGJIDAQIDALUO。HAODENIZHOUQIDIAOJIESHIJINKENENGSHIJINGJIPINGWENJIANKANGFAZHAN。

水果拉霸多人版  2)CHAOJIZHUZHOUQIJIXUCHENGWEICPICHAOYUQISHANGZHANGDEHEXINYINSU。ZHUROUJIAGETONGBI、ZHULIANGBIJIADAFUSHUAXINLISHIFENGZHI。10YUECPICHUANG2012NIANCHUYILAIXINGAO。ZHUROUJIAGESHITUIDONGCPISHANGZHANGDEHEXINYINSU。10YUEZHUROUJIAGETONGBISHANGZHANGGAODA101.3%,DAFUSHUAXINLELISHIFENGZHI,CHUANGXIA2005NIANYOUSHUJUJILUYILAIXINGAO。ZHULIANGBIJIABENYUEJINYIBUSHANGZHANGZHI20.4,JIXUDAFUSHUAXINLISHIJILU。ZHUROUJIAGESHANGZHANGYEDAIDONGLENIUYANGJIYADENGTIDAIPINDEJIAGE。WANGHOUKAN,YOUYUCUJINSHENGZHUSHENGCHANZHENGCELUODI,SHENGZHUSHENGZHANGDENGJUNXUYAOSHIJIAN,YINCIYUJI2020NIANXIABANNIANZHUROUJIAGEYOUWANGYINGLAIGUAIDIAN。DUANQILAIKAN,YOUYUZHUROUJIAGEKUAISUJIEJINNIUYANGROUJIAGE,TIDAIXIAOYINGXIAJINQIZHUROUSHANGZHANGSUDUFANGHUAN。DANYOUYUGONGXUQUEKOURENGDA,HOUXUKENENGHUICHUXIANZHUROUHETIDAIPINJIAGELUOXUANSHANGSHENGDEQINGKUANG,XUYAOJIAQIANGTONGZHANGYUQIGUANLI。

  FEISHIPINJIAGETONGBIZHANGFUHUILUO0.1GEBAIFENDIANZHI0.9%。JINNIAN4YUEYILAIFEISHIPINJIAGETONGBIZHANGFUZHUYUEXIAXING,ZHIJINYILIANXUXIADIE7GEYUE。QIZHONGYOUJIATONGBIDIEFUKUODAHEQICHEJIAGETONGBIXIAHUASHITUOLEIFEISHIPINCPIDEZHUYIN。

  3)PPI通缩程度进一步加深。10月PPI同比-1.6%,跌幅较上月继续扩大0.4个百分点。主要行业中,煤炭、黑色、化工等行业持续低迷。石油行业价格本月环比虽小幅回暖,但由于基数明显增大,同比跌幅继续扩大。主要原因在于内外需持续不足,房地产融资收紧导致地产投资下行,基建受隐性债务控制下滑而低迷,尽管提前下达2020年新增专项债额度,但提振效果目前仍不明显。贸易谈判尽管初步达成“第一阶段”协议,但后续仍具有很大不确定性,全球经济增速放缓,出口仍将下行。

  4)当前CPI和PPI走势空前分化,我们认为货币政策、财政政策、改革政策应关注主要矛盾、协同发力,加强逆周期调节,增加政策协同性。货币政策方面,人民银行近期调降MLF利率,8月以来累计三次降息,累计幅度已达16BP。下一阶段应继续根据经济增长和水果拉霸多人版物价情况适时适度逆周期调节,该降息降息,该降准降准。同时要注意疏通货币政策的传导路径,确保货币政策能充分、有效的传导到实体经济。尽管当前出现了经济增速下、CPI上涨的情况,但政策上不宜将这一情况定义为“滞胀”,主要原因一是当前只是猪肉价格引起的结构性通胀,并非滞胀环境下全面通胀,二是国际上治理滞胀的主要政策手段是紧缩货币,而当前我国主要面临的通缩风险,如果采用货币紧缩将进一步恶化企业经营盈利,加大就业风险。

  CAIZHENGZHENGCEKEYIKAOLVSHIDANGKUODACHIZI,TUPO3%,WEIJIANSHUIJIANGFEIHEZENGJIAZHICHUWENJIJIANTENGCHUKONGJIAN。CONGGUOJIKAN,3%BINGFEIJUEDUIHONGXIAN,NIZHOUQIDIAOJIEBUFENNIANFENTUPO3%WEIZHENGCHANGXIANXIANG,WOGUOZHENGFUZHAIWULVZAIGUOJISHANGPIANDI,ZHENGFUBUMENYOUQISHIZHONGYANGZHENGFUJUYOUJIAGANGGANKONGJIAN。CONGGUONEIKAN,DANGQIANHONGGUANJINGJIXIAXINGQIXUJIAQIANGNIZHOUQIDIAOJIE,TIGAOCHIZILV,ZHICHIDALIDUJIANSHUIJIANGFEI“FANGSHUIYANGYU”。SUIRANCHIZIKENENGCHANSHENGTONGZHANGHEJICHUXIAOYING,DANDANGQIANWOGUOJINGJIDEZHUYAOMAODUNSHITONGSUOERFEITONGZHANG,SHIJINGJIXIAXINGERFEIZONGXUQIUGUORE。

水果拉霸多人版  DANGQIANJIANSHUIJIANGFEIZHENGCEXIAOGUOMINGXIAN,QIANJIUGEYUELEIJIJIANSHUIJIANGFEIDA1.7WANYIYUAN,CHAOGUOQUNIANQUANNIAN1.3WANYIYUANDESHUIPING,DANXIAJIEDUANYOUBIYAOJINYIBUJIANGDISHEBAOJIAOFEILVHEQIYESUODESHUISHUILV,GAIBIANDANGQIANZHUYAOZHENDUIZENGZHISHUIDEJIANSHUIGEJU,TISHENGQIYEHUODEGAN。DANGQIANZHUYAOJIANSHUISHUIZHONGWEIZENGZHISHUI,ZENGZHISHUIWEIJIANJIESHUI,DUIQIYELIRUNGAISHANYOUXIAN,TONGSHIJIANSHUIEDUJIANGZAISHANGXIAYOUQIYEZHIJIANFENPEI,XINGYEHUAYUQUANJIAORUODEQIYEDEJIANSHUIHUODEGANBUQIANG。QIYESUODESHUIKEYIZHIJIEZENGJIAQIYELIRUN,QIEDUIZHONGXIAOQIYEXIANGDUIGONGPING。

水果拉霸多人版  CONGZHANGQIKAN,JIEJUEZHONGGUOJINGJIMIANLINDEJIEGOUXINGWENTI,XUYAOJINYIBUSHENHUAGAIGE,JIFAJINGJIXINDEZENGZHANGQIANLI。JUTIERYAN,KEYITONGGUOGAIGEJINYIBUWANSHANTUDIDENGYAOSUDESHICHANGHUASHUIPING,TONGGUOKAIFANGJINYIBUTISHENGZHIZAOYE、JINRONGYE、FUWUYEDENGXINGYEDEJINGZHENGLI。DANGWUZHIJISHIYAODIAODONGQIYEJIAHEDIFANGGUANYUANDEJIJIXING。

  5)近期央行的货币政策操作再度验证了我们的前瞻性判断。6月份数据出来以后,市场一片“经济企稳”“企稳回升”“超预期”的声音,我们发布震撼全市场的报告《充分估计当前经济金融形势的严峻性——全面解读6月经济金融数据》(7月21日):近期的先行指标纷纷下滑,比如房地产销售、土地购置和资金来源回落,PMI订单和PMI出口订单下滑,一系列房地产融资收紧政策密集出台,而且经济金融结构正在趋于恶化。随后7月份经济金融数据全面回落。

水果拉霸多人版  7YUEFENSHUJUGONGBUYIHOU,SHICHANGRENGRANCHENJINZAI“JIANGXIJIANGZHUNJIUSHIDASHUIMANGUAN”DECUOWURENSHIZHONG。WOMENZAIDUQIANZHANXINGTICHU《GAIJIANGXILE!——QUANMIANJIEDU7YUEJINGJIJINRONGSHUJU》(8YUE15RI):DANGQIANJINGJIXIAXINGYALIJIADA,QUANQIUJIANGXICHAO,HUILVPO“7”,HEXINCPIBAOCHIWENDING,PPIFUZENGZHANGTONGSUOQIYESHIJILILVSHANGSHENG,BIAOMINGHUOBIKUANSONGDEKONGJIANYIJINGDAKAI。ZAI《JINRONGXINGSHIYANJUN,HESHIJIANGXIJIANGZHUN?——DIANPING7YUEJINRONGSHUJU》(8YUE13RI)ZHONGWOMENRENWEI:7YUESHERONG、XINDAI、M2SHUJUQUANMIANHUILUO,KUANHUOBIDAOKUANXINYONGZHENGCEXIAOGUOJIAOCHA,YUANYINWUFEISHIQIYESHIJILILVBINGWEIXIAJIANG、LIUDONGXINGTOUFANGQUDAOSHOUZHAI、ZICHANJIAGEDIMINANYIQIDAODIYAFANGDAQIXIAOYING,SHERONGLINGXIANSHITIJINGJIHETOUZI,YIWEIZHEXIABANNIANDAOMINGNIANSHANGBANNIANJINGJIXIAXINGYALIJIAODA。SUIHOU8YUE17RIYANGXINGTONGGUOLPRGAIGESHICHANGHUAJIANGXI,9YUE6RIXUANBUQUANMIANJIANGZHUN+DINGXIANGJIANGZHUN,GUOWUYUANQIANGDIAOJIADANIZHOUQIDIAOJIELIDU(CANKAO:8YUE18RI《“JIANGXI”LAILE!——JIEDUYANGXINGGAIGEWANSHANLPRXINGCHENGJIZHI》、9YUE7RI《QUANMIANJIEDUJIANGZHUNDUIJINGJI、GUSHI、ZHAISHI、FANGSHIYINGXIANGJIZHANWANG》)。

  9月CPI“破3”后,市场普遍认为今年央行不会降息,部分观点甚至提出央行会加息对抗通胀。我们坚持认为《不是通胀,是通缩!——点评9月物价数据》(10月16日):猪肉价格运行的主要逻辑是猪周期自身,货币政策对猪周期和猪肉价格通常难以起到明显作用,无需担心货币政策宽松导致的猪价上涨,解决猪价上涨不是货币政策的问题,而是猪周期的猪肉供给问题;当前货币政策关注的重点应该是防止总需求过快下滑影响宏观经济稳定,不能因为一头猪制约财政货币政策稳增长,不能因为一头猪牺牲整个国民经济。在《迈向“5”时代——全面解读9月经济金融数据》(10月18日),我们再度强调:“当前,降息的时机已经成熟。”随后人民银行水果拉霸多人版于11月5日调降MLF利率,验证了我们的前瞻性判断。

水果拉霸多人版  6)WOMENWEISHENMEGUANDIANXIANMING?YINWEIWOMENZHUIQIUKEGUAN、ZHUANYE、SHIZHAN、JIEDIQI,GANYUMIANDUIXIANSHI、CHENGGONGHESHIBAI,BUDUANJINHUAXUEXI。BUZUOERLUNDAO,BUMOLENGLIANGKE,GENGBUYIBIANDIBIERENLAITAIGAOZIJI。FANGYANGUOWANG,MEIYOUDIREN,ZHIYOUSHIYOU。XIANGYOUXINSHENG,XIUSHENXIUXIN。YIMENGWEIMA,BUFUSHAOHUA。

水果拉霸多人版  WOMENJINQIDUIJINGJIZAIXIATAIJIE、HUOBIJIANGXIJIANGZHUNJINXINGLEQIANZHANYUCE,BEIYIYIYANZHENG,BINGYINFALESHICHANG“GAIBUGAIJIANGXI”DEDATAOLUN。11YUE5RI,YANGXINGKAIZHAN1NIANQIMLFCAOZUO,LILVCONG3.3%XIADIAOZHI3.25%,WEI2016NIANYILAISHOUCIXIADIAOMLFLILV。ZHEISHIDISANCIJIANGXI。

  ZUOLE20DUONIANHONGGUANJINGJIXINGSHIFENXI,SHENGANMEIRENKEYIZUZHIQUSHIDELILIANG,DUISHICHANGDUOYIXIEJINGWEI,DUIYANJIUDUOYIXIEKEGUANZHUANYEJINGSHEN。YUEDAQIYUECHENGGONG,YUENULIYUEXINGYUN。

  ZHIWOZHEWEIWOXINYOU,BUZHIZHEWEIWOHEQIU。

  WOMENDOUSHENAIZHEIPIANTUDI,SHENAIZHEIGEGUOJIA,DUOYIXIEJIANSHEXING,SHAOYIXIEBAOYUAN。JISHIYUDAOZAIDADEKUNNAN,YEYAOXIANGXINWEILAI!XIANGXINMENGXIANGDELILIANG!

水果拉霸多人版  2、ZHUROUJIAGEBIAOZHANGDAIDONGCPICHUANG7NIANBANXINGAO,NADIAOZHUYIHOUDOUSHITONGSUO

  10YUECPITONGBISHANGZHANG3.8%,JIAOSHANGYUEDAFUTIAOZHANG0.8GEBAIFENDIAN,MINGXIANCHAOCHU3.4%DESHICHANGYUQI,ZHANGFUCHUANG2012NIAN2YUEYILAIXINGAO,HUANBISHANGZHANG0.9%。QIZHONG,SHIPINJIAGESHANGZHANGTONGBISHANGZHANG15.5%,ZHUROUJIAGEJIXUSHICPISHANGZHANGDEHEXIN。YOUYU8-9FENSHENGZHUCUNLANKUAISUXIAHUA,GUOQINGJIEZHIHOUZHUROUGONGJISHOUSUOSUDUYOUSUOJIASU,ZHUROUJIAGEDAFUBIAOSHENG。

水果拉霸多人版  10YUEZHUROUJIAGEHUANBISHANGZHANG20.1%,TONGBISHANGZHANGGAODA101.3%,TONGBIZHANGFUDAFUSHUAXINLELISHIFENGZHI,CHUANGXIA2005NIANYOUSHUJUJILUYILAIXINGAO。ZHULIANGBIJIABENYUEJINYIBUDAFUSHANGZHANGZHI20.4,JIXUDAFUSHUAXINLISHIJILU。CHAOJIZHUZHOUQIDEYINGXIANGRENGZAICHIXU,BINGYIJINGYINFASHEHUIGAODUGUANZHU。ZHUROUJIAGEDESHANGZHANGCHANSHENGDELADONGHEXIAOFEITIDAIZUOYONGHAIDAIDONGLENIUROU、YANGROU、JIROUHEYAROUJIAGEDESHANGZHANG,10YUESIZHONGROULEIHUANBIZHANGFUZAI1.0%—3.1%ZHIJIAN,HEJIYINGXIANGCPISHANGZHANGYUE0.06GEBAIFENDIAN。CONGDUANQILAIKAN,YOUYUDANGQIANZHUROUJIAGEYIJINGKUAISUJIEJINNIUYANGROUJIAGE,XIAOFEITIDAIXIAOYINGDUANQINEIHUIYOUSUOFANGDA,ZHUROUJIAGEDUANQINEISHANGZHANGSUDUYOUSUOFANGHUAN。GAOPINSHUJUXIANSHI,11YUEZHUROUJIAGEBIANJIFANGHUAN,LVEYOUXIAOFUHUILUO。DANCONGZHANGQILAIKAN,RUOZHUROUGONGJINANYIHUIFU,ZEZHUROUHETIDAIPINJIAGEHUICHENGXIANLUOXUANSHANGSHENGDEQINGKUANG,JINYIBUTUISHENGSHIPINJIAGE。

  BENLUNCHAOJIZHUZHOUQI,ZHANGFUDA、SUDUKUAI,SIDAYUANYIN:DIYI,JINNIANYOUQISHI2015NIANYILAI,HUANBAOZHENGCEDUISHENGZHUYANGZHIDEYINGXIANGTUXIAN。GEDIFENFENZHIDINGLEHUADINGJINYANGQUHEQUNEIWURANYANGZHIHUBANQIANJIHUA,CENGCENGJIAMAKUODAHUA,YIDAOQIE。DIER,GUIMOHUAYANGZHISHENGJIDAOZHISANHUDALIANGTUICHU,ZHUROUGONGJIXIAJIANG,DANRENGWEIGAIBIANWOGUOSANHUYANGZHIZHANBIJIAOGAO、GUIMOHUAYANGZHILVBUGAODEGEJU。DISAN,FEIZHOUZHUWENDAOZHIDAPISHENGZHUSHOUDAOGANRAN,JIEZHI2019NIAN7YUE,QUANGUOGONGFASHENGFEIZHOUZHUWENYIQING143QI,PUSHASHENGZHU116WANYUTOU。DISI,FEIZHOUZHUWENQIAN,SHANGYILUNZHUZHOUQIZHONGJILEIDEGUOSHENGCHANNENGZHUJIANCHUQINGWANBI,XINYILUNZHUZHOUQIYIJINGQIDONG,ZHUROUJIAGECUNZAINEISHENGSHANGZHANGDONGLI。

  DANGQIANGEBUMENYIJINGCAIQUDUOXIANGCUOSHIZENGJIASHENGZHUYANGZHI、JIADAZHUROUJINKOU、BINGTOUFANGCHUBEIZHUROUWENDINGSHICHANG。DANYOUYUZHENGCELUODIZHIXINGXUYAOSHIJIAN,SHENGZHUYUFEIYEXUYAOBANNIANZUOYOUSHIJIAN。TONGSHIFEIZHOUZHUWENYIQINGRENGZAICHIXU,DUIYUSANYANGDEYANGZHIHUERYAN,FANGYIFANGBINGYAOQIUKONGQIANTISHENG,BULANNANDUZENGDA。YINCICHANNENGHUIFURENGXUYAOSHIJIAN。CONGZHUZHOUQIDEJIAODUKAN,DANGQIANNENGFANMUZHUHESHENGZHUCUNLANLIANGDAFUJIANSHAO,WANQUANHUIFUCHANNENGXUCONGZENGJIANENGFANMUZHUKAISHI,NENGFANMUZHUDAOZIZHUZAIDAOYUFEIXUYAODEZHOUQIJIAOZHANG,YUJIDAO2020NIANXIABANNIANGONGXUMAODUNHUANJIE,JIESHIZHUROUJIAGEKENENGYINGLAIGUAIDIANXIANGXIA。11YUE7RI,SHANGWUBUSHICHANGYUNXINGHEXIAOFEICUJINSIFUSIZHANGWANGBINYEBIAOSHI,JINQISHENGZHUBULANJIJIXINGMINGXIANTIGAO,SHENGCHANZHUBUHUISHENG,RUFEIZHOUZHUWENYIQINGBUCHUXIANFANFU,YUJI2020NIANXIABANNIANSHOUFEIZHOUZHUWENYINGXIANGHUIFUSHENGCHANDESHENGZHUJIANGKAISHIZENGJIASHICHANGGONGJI,ZHUROUGONGJIZHUANGKUANGJIANGYOUSUOGAISHAN。

  FEISHIPINJIAGETONGBIZHANGFUHUILUO0.1GEBAIFENDIANZHI0.9%。JINNIAN3YUEYILAIFEISHIPINJIAGETONGBIZHANGFUZHUYUEXIAXING,ZHIJINYILIANXUXIADIE7GEYUE。HEXINCPIZHANGFUJIXUWENDINGYU1.5%。QIZHONG,JIAOTONGYUTONGXINFENXIANGRENGSHIZUIDATUOLEIXIANG,10YUEDIEFUJIXUKUODA0.6GEBAIFENDIANZHI-3.5%,TONGBIDIEFUSHENZHICHAOGUO2008NIANJINRONGWEIJISHIQIDESHUIPING,CHUANG2001NIANYILAIXINDI。YIFANGMIAN,JINGUANBENYUEYUANYOUJIAGEXIAOFUSHANGXING,DANQUNIANDEGAOJISHUXIAOYINGSHIDETONGBIDIEFUJIXUKUODA。LINGYIFANGMIAN,QICHEXIAOLIANGDECHIXUXIAHUADUIJIAGEXINGCHENGTUOLEI,BINGYIJINGZHUJIANZAICPIZHONGYOUSUOFANYING,10YUEJIAOTONGGONGJUXIANGJIAGEHUANBIXIADIE0.3%,TONGBIDIEFUYOU-1.1%KUODAZHI-1.4%。CIWAI,JUZHU、YILIAOBAOJIAN、QITAYONGPINHEFUWUDENGFENXIANGTONGBIZHANGFUJUNYOUSUOXIAHUA。JIAOYUWENHUAYULEXIANGSHOUGUOQINGCHUXINGRENSHUZENGJIAYINGXIANGJIJIEXINGSHANGZHANG。SHENGHUOYONGPINJIFUWUXIANGZHENGTIWENDING。

  BENYUECPISHUJUZAICIZHENGMINGLEWOMENDEGUANDIAN:NADIAOZHUYIHOUDOUSHITONGSUO。TONGJIJUZAIJIEDUZHONGZHICHU,ZHUROUJIAGEHUANBISHANGZHANGYINGXIANGCPIHUANBISHANGZHANGYUE0.79GEBAIFENDIAN,ZHANCPIHUANBIZONGZHANGFUDEJINJIUCHENG。CONGTONGBIKAN,YINGXIANGCPISHANGZHANGYUE2.43GEBAIFENDIAN,ZHANCPITONGBIZONGZHANGFUDEJINSANFENZHIER。RUKOUCHUZHUROUJIAGESHANGZHANGYINSU,CPIHUANBISHANGZHANGYUE0.1%,TONGBISHANGZHANGYUE1.3%。CIWAI,JINQINIUYANGJIROUDENGJIAGEDESHANGZHANGDEZHUYAOYUANYINYESHIZHUROUJIAGEKUAISUSHANGZHANGCHANSHENGDETIDAIXIAOYING。ERFEISHIPINJIAGEZHANGFUZEZHENGTIXIAHUAHUOBAOCHIWENDING。ZHUROUJIAGESHANGZHANGDE“WAIYIXIAOYING”RENGBUMINGXIAN。CONGHUOBIHUANJINGKAN,DANGQIANHUOBIZHENGCEHUANJINGBINGBUKUANSONG,CUNZAINIZHOUQIDIAOJIEDEKONGJIAN。YISHISHULIANGSHANG,M2ZENGSU-SHIJIGDPZENGSUCHUYULISHIDIWEI,HUOBIJINRONGJIEGOUXINGKUANSONG,DANXINDAISHUJUHEHUOBIGONGJILIANGXIANSHIDANGQIANHUOBIHUANJINGRENGRANWENJIANPIANJIN。ERSHICONGJIAGESHANGKAN,2017NIANXIABANNIANYILAI,DAIKUANJIAQUANLILV-PPIZENGSUDECHACHIXUSHANGSHENG,FANYINGSHITIJINGJIMIANLINDESHIJILILVBUDUANPANSHENG。ZHENGTILAIKAN,DANGQIANZHUROUJIAGESHANGZHANGJIHUSHILADONGCPIWEIYIHEXINYINSU,PAICHUZHUROUJIAGEYINGXIANGHOU,WOMENDANGQIANMIANLINDEHEXINWENTISHITONGSUO。

  3、PPITONGBILIANXU4GEYUEWEIFU,TONGSUOCHENGDUJINYIBUJIASHEN

水果拉霸多人版  10YUEPPITONGBIDIE1.6%,DIEFUJIAOSHANGYUEKUODA0.4GEBAIFENDIAN,JIXUCHUANGJIN3NIANXINDI。HUANBIJIAGEJINGUANSHANGZHANG0.1%,DANYILIANXU5GEYUERUOYUJIJIEXING,XIANSHIGONGYESHENGCHANTONGSUORENGZAICHIXU。JUTILAIKAN,SHIYOUCHANYELIANJIAGEHUANBIBENYUESHOUGUOJIAYOUJIAYINGXIANGHUANBIXIAOFUSHANGZHANG,DANTONGBIDIEFURENGJIXUKUODA。SHIYOUTIANRANQIKAICAIYEHESHIYOUJIAGONGDETONGBIDIEFUFENBIEKUODA4.3HE2.4GEBAIFENDIANZHI-17.9%HE-12.0%。JINQIJIJIANWENZENGZHANGDONGLIBUZU,HEISEXIJIAGECHIXUDIMI,10YUEHEISEJINSHUYELIANYEJIAGEHUANBIXIAHUA0.3%,TONGBIDIEFU0.3GEBAIFENDIANZHI-6.1%。TIEKUANGSHIJINGLINIANCHUGONGJICHONGJIHOUJIAGETONGBIRENGCHUYUGAOWEI,DANHUANBIJIAGEYIJINGLIANXULIANGYUEXIAHUA。CIWAI,HUAXIANZHIZAOYEJIXUDIMI,BENYUEHUANBIJIXUXIAHUA1.1GEBAIFENDIAN,TONGBIDIEFUYIDADAO-13.6%。

水果拉霸多人版  WANGHOUKAN,PPICHIXUTONGSUOFENGXIANRENGRANJIAODA。JIJIANFALIDUIPPIYOULADONGZUOYONG,DANJINNIANYILAIJIJIANZENGSUZHENGTIDIMI,1-9YUELEIJIZENGSUJIN3.4%。JIANSHUIJIANGFEIHEJINGJIXIAXINGDAOZHISHUISHOUSHOURUFUZENGZHANG,NIANNEIZHUANXIANGZHAIYIYU9YUEFAXINGWANBI,TIQIANXIAFAMINGNIANDEZHUANXIANGZHAIXU2020NIANCHUTOURUSHIYONG,DUANQINEIJIJIANTOUZIFANDANFUDURENGSHOUXIAN。ZHIZAOYETOUZISHOUQIYEYINGLIXIAHUAYINGXIANGDUANQINANYOUQISE。XIAOFEIZENGSUSHOUSHOURUZENGSUXIAHUA,GANGGANLVSHANGSHENGDENGYINSUYINGXIANGHUILUO。MAOYIZHANDUANQIYOUHUANHEJIXIANG,DANZHONGZHANGQIRENGMIANLINJIAODABUQUEDINGXING。CIWAI,JINNIANFANGDICHANTOUZIDUITOUZIQIDAOZHONGYAOLADONGZUOYONG,DAN“FANGZHUBUCHAO”JISHOUJINFANGQIRONGZIBEIJINGXIA,MINGNIANDICHANTOUZIZENGSUDAGAILVMINGXIANXIAHUA。YINCI,RUOMINGNIANJIJIANZENGSUBUNENGMINGXIANZENGZHANG,ZEPPIRENGYOUKENENGJIXUXIAHUA,TONGSUOJINYIBUJIASHEN。WEIYIDEZHENGMIANYINSULAIZIYUJISHUXIAOYING,QUNIAN11YUEHE12YUEPPIJISHUMINGXIANPIANDI,YINCIKENENGHUIDUANQIXIAOFUTAISHENGPPIDETONGBISHUJU,DANZHEIZHONGDUANQIXIAOYINGBUHUIGAIBIANPPIDEZHANGQIZOUSHI。

水果拉霸多人版  4、YINGDUIDANGQIANWUJIAXINGSHI,CAIZHENG、HUOBIZHENGCEHEJIEGOUXINGGAIGEYAOXIETONGFALI,JIAQIANGNIZHOUQIDIAOJIE

  4.1HUOBIZHENGCEYAOJIAQIANGNIZHOUQIDIAOJIE,JINYIBUSHUTONGLILVCHUANDAOJIZHI

  货币政策当前应通过降息降准加强逆周期调节。当前CPI和PPI出现明显背离,市场对于货币政策走向产生了较多讨论,我们前期发布了一系列报告呼吁央行应尽快降息遏制总需求过快下滑,防止经济滑出合理增长区间,引发了市场讨论。自8月以来,人民银行水果拉霸多人版已经三次降息。其中,11月5日,人民银行下调MLF利率5BP,除金融危机时期以外,这是人民银行历史上第一次在CPI破3的情况下降息,遏制了市场对于猪肉通胀的恐慌情绪,传达了清晰的稳增长的政策信号。从这个角度看,这次降息充分反映了货币政策逆周期调节的功能,降得好。

水果拉霸多人版  WOMENZAI《DISANCIJIANGXI——DIANPING11YUEMLFJIANGXISHIJIAN》ZHONGZHICHU,DANGQIANDEJIANGXISHIXINXINGJIANGXI,LIDUJIEZOUDOUHEYIWANGYOUSUOBUTONG,SHI“GAIGESHI、SHICHANGHUA、JIANJINSHI、JIEGOUXING”DE,SHIXIAOFUDU、GAOPINLVDEJIANGXI。QIYI,GAIGESHIJIANGXI,YANGXINGTUICHULPRSHIWEILEZHUBUTIDAIDAIKUANJIZHUNLILV,ZHUBUYUGUOJIJIEGUI,JIEJINMEIGUOJIANGXIMOSHI。QIER,SHICHANGHUAJIANGXI,YANGXINGTONGGUOJIANGZHUNLAIJIANGDISHICHANGLILV,DAIDONGYINXINGJIANGDIJIADIANFUDU,CONGERDAIKUANLILVXIAXING,SHUTONGHUOBICHUANDAOQUDAO,GENGFUHELILVSHICHANGHUAFANGXIANG。QISAN,JIANJINSHIJIANGXI,MEICIJIANGXIFUDUJIAOXIAO,8、9YUE1NIANQILPRSANCIGEJIANGDI5BP、6BP,PINLVJIAOKUAI、FUDUJIAOXIAO,11YUE5RIZAICIJIANGDIMLFLILV,XIADIAO5BP,YIRANSHIXIAOFUDUOCIDEJIANGXI。ZHEIZHONGJIANGXIYOULIYUYANGXINGGUANLISHICHANGYUQI,FANGZHIYIBUDAOWEISHIDEJIANGXIDUIGUPIAO、ZHAIQUANSHICHANGXINGCHENG“DASHUIMANGUAN”,YINFAZICHANJIAGEPAOMO,YOULIYUGENGHAOWEIHUJINRONGWENDING。QISI,JIEGOUXINGJIANGXI,XINXINGJIANGXIQUFEN1NIANQIJI5NIANQIYISHANGPINZHONGJIANGXIFUDU,YIFANGMIANTUIDONGSHITIRONGZILILVXIAJIANG,LINGYIFANGMIANYUDANGQIANDEFANGDICHANDIAOKONGXINGSHIPEIHE,FANGZHIJIANGXIDUIYUFANGDICHANXINGCHENGCIJI。

  下一步货币政策应当继续根据经济增长和物价情况进行及时调整,适时适度加强逆周期调节,该降息降息,该降准降准。同时,要重点疏通利率的传导机制,改善流动性分层,提高民营企业和中小微企业在贷款中的比重,确保逆周期货币政策的效果能充分、有效的传递到实体经济。

  DANGQIANHONGGUANJINGJIXIAXINGYALIJIADA,CPISHOUZHUROUJIAGEDAIDONGKUAISUSHENGGAO,YOUGUANDIANRENWEISHI“ZHIZHANG”HUO“LEIZHIZHANG”。WOMENRENWEI,DANGQIANHONGGUANJINGJIXINGSHIDEZHUYAOMAODUNSHITONGSUO。HEXINYUANYINZAIYUZHIZHANGYAOQIUJINGJICHUXIANQUANMIANTONGZHANG,ERDANGQIANJIAGESHANGZHANGDEHEXINQUDONGLISHIZHUROU,GONGYEPINJIAGECHIXUXIADIE。RUOWUGONGYEPINJIAGEDESHANGZHANGDEPEIHE,QUANMIANTONGZHANGDEYUQINANYIXINGCHENG,YINCIYEBUHUIYOUQUANMIANTONGZHANG。GENGZHONGYAODESHI,RUGUOWOMENQUERENDANGQIANDEHONGGUANHUANJINGSHIZHIZHANG,NEIMEGENJUSHANGSHIJI80NIANDAIMEIGUOZHILIZHIZHANGDEJINGYAN,DANGQIANYINGCAIQUDEHUOBIZHENGCESHIQIANGLIJINSUO,CONGERYIZHITONGHUOPENGZHANG。DANSHIDANGQIANZHUROUJIAGEWENTISHIGONGJICEWENTI,BINGFEIHUOBIZHENGCEDAOZHI,HUOBIZHENGCEYEJIEJUEBULE。LISHISHANG,ZHUROUXIAOFEIMEIYOUYINWEIHUOBIZHENGCEDEBIANDONGERCHANSHENGMINGXIANDEBIANHUA。JIEJUEZHUROUJIAGESHANGZHANGCHANSHENGDEJIEGOUXINGTONGZHANGWENTIYAOKAOBAOKUOZENGJIASHENGZHUGONGJI,JIADABUTIEZAINEIDECAIZHENGSHOUDUAN,RUGUOTONGGUOJINSUOHUOBILAIZHILIZHUROUJIAGE,JIANGHUIDAOZHIQIYEYINGLIXIAHUA,JIANGDIJUMINSHOURU,HAIYOUKENENGDAOZHISHIYEYALIZENGDA。NEISHI,WOMENJIANGMIANLINDEJIUBUJINJINSHICHIBUQIZHUROUDEWENTILE。

水果拉霸多人版  4.2 CAIZHENGZHENGCEYAOJIALITIXIAO,SHIDANGKUODAZHONGYANGCAIZHENGCHIZI,YOUHUAJIANSHUIJIANGFEIDEFANGSHI,TISHENGZHENGCEYOUXIAOXING

  CAIZHENGZHENGCESHIYINGDUIZONGXUQIUBUZUDEYOUXIAOZHENGCEGONGJU。DANGQIANJIJIDECAIZHENGZHENGCECHIXUTUIJIN,QIANSANJIDULEIJIJIANSHUIJIANGFEIGUIMOYIDADAO1.7WANYIYUAN,CHAOGUOQUNIANQUANNIAN1.3WANYIYUANDESHUIPING。QIZHONG,ZENGZHISHUIGAIGEXINZENGJIANSHUI7035YIYUAN,XIAOWEIQIYEPUHUIXINGZHENGCEXINZENGJIANSHUI1827YIYUAN,GERENSUODESHUILIANGBUGAIGEDIEJIAXINZENGJIANSHUI4426YIYUAN。ZENGZHISHUIHEGERENSUODESHUIDEJIANSHUIZHENGCESHIJINNIANJIANSHUIZHENGCEDEZHUTI。YINGDANGKANDAO,JIANSHUIJIANGFEIZHENGCEDUIYUJIFAQIYETOUZIHUOLI,CUJINXIAOFEIZHICHUZENGZHANGFANGMIANQIDAOLEZHONGYAOZUOYONG,DANCONGXIAOGUOKAN,DANGQIANCAIZHENGZHENGCERENGYOUJINYIBUWANSHANDEKONGJIAN。

  YISHIKEYIKAOLVSHIDANGKUODAZHONGYANGCAIZHENGCHIZI。WOMENZAI《CHIZILVKEFOUPO3%》YIWENZHONGCENGZHICHU,CONGGUOJIJINGYANHEDANGQIANGUONEIQINGKUANGKAN,GONGGONGCAIZHENGCHIZILVBUYINGSHOU3%DEXIANZHI。

水果拉霸多人版  1)CONGOUMENGHEQITAZHUYAOGUOJIADECAIZHENGSHIJIANKAN,3%BINGFEIJUEDUIHONGXIAN,NIZHOUQIDIAOJIEBUFENNIANFENTUPO3%WEIZHENGCHANGXIANXIANG。OUMENGCHIZILVZAI1995、1996NIANFENBIEWEI7.2%HE4.2%,2009-2013NIANFENBIEWEI6.7%、6.4%、4.5%、4.3%HE3.3%,JUNTUPO3%。MEI、RI、DE、FA、YINGGUOZAIJINRONGWEIJISHIQIJUNTUPO3%,JINZHUANGUOJIARUYINDUCHANGNIANGAOYU5%。

  2)HONGGUANJINGJIXIAXINGQIXUJIAQIANGNIZHOUQIDIAOJIE,TIGAOCHIZILV,ZHICHIDALIDUJIANSHUIJIANGFEI“FANGSHUIYANGYU”。2018NIANZHONGGUOQIYEZONGSHUILV(ZHANLIRUNBIZHONG)WEI64.9%,JIAO2017NIANXIAJIANG2.4GEBAIFENDIAN,DANYUZHUYAOGUOJIABIRENGYANZHONGPIANGAO,JIAOSHIJIEPINGJUNSHUIPINGGAO24.5GEBAIFENDIAN,JIAOMEIGUO、YUENANFENBIEGAO21.1HE27.1GEBAIFENDIAN,ZHIZAOYEMIANLINZHUANYIYALI。

  3)GONGGONGCHIZILV3%DEHONGXIANYIQUEFASHIJIYIYI,YINGCONGGUANGYICHIZILVDEGAODIPANDUANCAIZHENGJIJIYUFOU,ZAICAIZHENG“DUPIANMEN”DEBEIJINGXIAYINGGAI“KAIZHENGMEN”TIGAOGONGGONGCAIZHENGCHIZILV。

  4)WOGUOZHENGFUZHAIWULVZAIGUOJISHANGPIANDI,ZHENGFUBUMENYOUQISHIZHONGYANGZHENGFUJUYOUJIAGANGGANKONGJIAN;ZHAIWUFENGXIANDEGENYUANSHIBUJIANQUANDECAIZHENGTIZHIHEKAOHEJIZHI,ERFEICHIZIGUIMOBENSHEN。BISXIANSHI2017NIANWOGUOZHENGFUZHAIWULVWEI47%,ZAIQUANQIUCHUYUZHONGDENGPIANDISHUIPING,IMFCESUANWOGUOGUANGYIZHENGFUZHAIWULV(BAOKUORONGZIPINGTAIHEQITAYINXINGZHAIWU)WEI67.5%,RENGDIYUZHUYAOFADAJINGJITI。WOGUOZHONGYANGZHENGFUZHAIWULVJIAODI,2017NIANDIWEI16.3%,JUBEIZENGJIACHIZIHEGANGGANDEKONGJIAN。GENJUIMFSHUJU,WOGUOZHENGFULIXIZHICHU/CAIZHENGSHOURU2017NIANWEI3.3%,GAOYUFAGUO(3.2%)、DEGUO(1.8%)HEELUOSI(1.5%),DANDIYUYINDU(24%)、BAXI(20.3%)HENANFEI(12.6%)DENGXINXINGJINGJITIHEMEIGUO(5.4%)、YINGGUO(4.8%)DENGFADAJINGJITI。

水果拉霸多人版  5)CHIZIKENENGCHANSHENGTONGZHANGHEJICHUXIAOYING,DANDANGQIANWOGUOJINGJIDEZHUYAOMAODUNSHITONGSUOERFEITONGZHANG,SHIJINGJIXIAXINGERFEIZONGXUQIUGUORE。DANGCHIZIHEZHENGFUZHICHUGUIMOSHANGSHENG,PIPEIYISHIDANGDEJIANGXI,BUHUICHANSHENGZONGLIANGDEJICHUXIAOYING。

  6)YAOCONGQUANJUHEGUOJIAZHILIJIAODUKAOLVFENGXIANWENTI,DANCHUNKONGZHICAIZHENGZHAIWUFENGXIANKENENGYINFAGENGDADEFENGXIAN:QIYEFUDANJIAZHONG、JINGJIKUAISUXIAXING、SHIYESHANGSHENGHESHEHUIBUWENDINGDENG。

  ERSHIYOUHUAJIANSHUISHUIZHONG,JIANGDISHEBAOJIAOFEILVHEQIYESUODESHUISHUILV,ZENGZHISHUIJIANSHUIDUIQIYEDEHUODEGANBUQIANG、QIEDUICAIZHENGSHOURUDECHONGJIJIAODA。JINNIANLAIWOGUODUIQIYEDEJIANSHUIJIANGFEICUOSHIZHUYAOKAOJIANGDIZENGZHISHUISHUILVZHANKAI,JIANSHUILIDUYEXIANGDUIJIAODA。DANZENGZHISHUISHUYULIUZHUANSHUI,WUFAYINGXIANGQIYELIRUN。TONGSHI,YOUYUZENGZHISHUIJIANSHUIGUOCHENGZHONGSHEJIJIANSHUIEDUDEFENTANWENTI,TONGCHANGZAIXINGYEZHONGHUAYUQUANJIAODADEQIYENENGGOUHUODEDEJIANSHUISHOUYIJIAODA,ERDALIANGZHONGXIAOQIYEYOUYUXINGYEHUAYUQUANBUGAO,HUODEDEJIANSHUISHOUYIXIANGDUIJIAOXIAO。YINCICHANSHENGLEBUFENQIYEFANYINGDEJIANSHUIJIANGFEIGANSHOUBUMINGXIANDEWENTI。CONGGUOJIJINGYANKAN,2017NIANDITELANGPUZHENGFUSHUIGAISHI,XUANBU10NIANJIANSHUIGUIMO1.45WANYIMEIYUAN,JIPINGJUNMEINIANJIANSHUIEDUWEI1450YIMEIYUAN,YUEHERENMINBI1.01WANYIYUAN。JIANSHUIGUIMOXIAOYUWOGUODEJIANSHUIJIANGFEIZHENGCE,DANTELANGPUJIANSHUIDEZHUYAOSHUIZHONGSHIQIYESUODESHUI,GERENSUODESHUIHEDUIQIYEHAIWAILIRUNDESHUISHOUJIANMIAN。ERZHEIXIESHUIZHONGKEYIZHIJIETISHENGQIYELIRUN,ZENGJIAQIYEDEZIBENZHICHU,JINERQIDAOTIZHENZONGXUQIU,LADONGJINGJIDEXIAOGUO。

水果拉霸多人版  4.3 HUILVZHENGCE:JIXUJIANCHIYISHICHANGDINGJIAWEIZHU,YOUGUANLIDEFUDONGHUILVZHENGCE

  DANGQIANCHUKOUZENGSUCHIXUXIAHUA,QIAN9GEYUECHUKOULEIJIZENGSUYIXIAJIANGZHI-0.1%,QIZHONGDUIMEICHUKOUSHANGPINXIAJIANGMINGXIAN,MAOYIMOCADUICHUKOUDEYINGXIANGZHENGCHIXUXIANXIAN。BIANZHIRENMINBINENGZAIYIDINGCHENGDUSHANGHUANJIECHUKOUYALI,DANYEHUIDAILAILIANGFANGMIANDEWENTI。

  YISHIJIMAOYITANPANDAILAIXINDEBUQUEDINGXING。DANGQIANMUQIANDIYIJIEDUANTANPANMIANLINGUANJIANJIEDIAN,ZHONGFANGDEHEXINGUANQIEZHIYIZAIYUMEIFANGYINGQUXIAOQUANBUYIJIAZHENGJIASHUI,RUGUOTONGGUOTANPANNENGGOUSHIMEIFANGZAIXIANYOUJICHUSHANGQUXIAOHUOBUFENQUXIAOYIJIAZHENGJIASHUI,JIANGHUIMINGXIANGAISHANZHONGGUODEMAOYIHUANJING,DUIWOGUOCHUKOUQIDAOMINGXIANTIZHENZUOYONG。RUGUOCISHIJINYIBUBIANZHIRENMINBI,FANERRONGYISHIDEZHONGGUOZAITANPANZHONGXIANRUBEIDONG,BULIYUZHANLVEMUBIAODEDACHENG。ERSHIRENMINBIBIANZHIJIANGJIAZHONGHAIWAIRONGZIQIYEDEZHAIWUFUDAN。DANGQIANJINGJIXIAXINGYALIJIADA,QIYEYINGLIXIAHUA,RENMINBIDEBIANZHIJIANGJIAZHONGQIYEDELIXIFUDAN,BULIYUQIYEWENDINGJINGYING。

  DANGQIANWOGUOSHIXINGDESHIYISHICHANGGONGQIUWEIJICHU、CANKAOYILANZIHUOBIDEYOUGUANLIDEFUDONGHUILVZHIDU。JINHOURENMINBIHUILVXINGCHENGJIZHIYEJIANGCHAOZHEGENGJIASHICHANGHUADEFANGXIANGGAIGE。CONGZHANGQILAIKAN,YIGUODEHUILVZHUYAOJUEDINGYUJINGJIJIBENMIAN,HUILVSHIHONGGUANJINGJIYUNXINGDEJIEGUOERFEIJUEDINGHONGGUANJINGJIDEYUANYIN。WEILAI,WOGUOYINGJIXUJIANCHIHUILVXINGCHENGJIZHIDESHICHANGHUAGAIGE,ZHUBUJIANSHAOFEISHICHANGHUAYINSUDUIHUILVXINGCHENGJIZHIDEGANRAO。TUIDONGRENMINBIGUOJIHUAHERENMINBIHUILVZAIHELIJUNHENGSHUIPINGSHANGDEJIBENWENDING。

水果拉霸多人版  4.4 GAIGE:DANGWUZHIJISHIJIEJUEQIYEJIADIAODONGDIFANGZHENGFUHEQIYEJIADEJIJIXING

  CONGZHANGQIKAN,JIEJUEZHONGGUOJINGJIMIANLINDEJIEGOUXINGWENTI,XUYAOJINYIBUSHENHUAGAIGE,JIFAJINGJIXINDEZENGZHANGQIANLI。DANGQIAN,MAOYIBAOHUZHUYI、MINCUIZHUYI、NIQUANQIUHUADENGSICHAOTAITOU,SHIJIEMIANLINBAINIANWEIYOUZHIDABIANJU。ZHONGGUOYINGDUIDEGUANJIANZAIYUJIANDINGBUYIDIGAIGEKAIFANG,XUNZHAOBINGPEIYUXINDEJINGJIZENGZHANGDIAN。

水果拉霸多人版  SHIYEDOUSHIRENGANCHULAIDE。GAIGEKAIFANG40NIANWOMENZHISUOYINENGCHUANGZAOCHUJUSHIZHUMUDEJINGJIQIJI,ZUIZHUYAODECHENGGONGJINGYANZHIYIJIUSHICHONGFENFAHUILEJICENGGANBUHEQIYEJIADEZHUGUANNENGDONGXING。DANGQIANYIXIEDIFANGZHENGFUGANBUHEMINYINGQIYEJIADEJIJIXINGYOUSUOXIAJIANG,YIFANGMIANYUANYUWOGUOJINGJIMIANLINDENEIWAIBUTIAOZHANZHUJIANZENGDUO,LINGYIFANGMIAN,SHIYINWEIBUFENZHENGCEZAIZHIXINGGUOCHENGZHONGCUNZAICENGCENGJIAMA、YIDAOQIEDENGWENTI,CUOSHANGLEJICENGGANBUHEQIYEJIADEJIJIXING。JIEJUEZHEIYIWENTI,HEXINSHIYAOJIEJUEHAOGANBUDUIWUDEXUANBA、RENYONGHEJILIJIZHIWENTI。RANGXIANGGANSHI、NENGGANSHIDEGANBUFAHUIGENGDAZUOYONG,JIYUJICENGSHICUO、GAICUODEKONGJIAN,FAHUIDIFANGDEZIZHUCHUANGXINNENGLI。JIANLIGENGWEIWANSHANDEZHIDUTIXI,RANGQIYEJIAXINGCHENGWENDINGDEYUQI,JINERJIFAQIYEJIATOUZIXINGYEDEREQING。JUTIBAOKUOYIXIACUOSHI:

  1)JINYIBUTISHENGYAOSUDESHICHANGHUASHUIPING,WANSHANCHENGXIANGTUDILIUDONGJIZHI,JIHUONONGCUNTUDISHICHANG,FAZHANDADOUSHIQUAN。DANGQIAN,DALIANGNONGCUNTUDIDEWEINENGHUODEGONGYUNDESHICHANGDINGJIA,NONGMINGONGJINCHENGLUOHURENGRANMIANLINXUDUOXIANSHIKUNNAN,NONGCUNFAZHANSHOUDAOZHIYUE。JIANYIJINYIBUFANGKUANDACHENGSHIDELUOHUXIANZHI,YINDAONONGMINGONGJINCHENGANJIA。TONGSHI,JIAKUAILUOSHISHIBAJIESANZHONGQUANHUI、SHIJIUDAJINGSHEN,JIANGNONGCUNZHAIJIDIDENGJITIJIANSHEYONGDITONGYIHUAZHUANRUSHI,JIANGNONGMINSHOUZHONGDEZICHANZHUANWEIZIBEN,ZENGJIANONGMINDECAICHANXINGSHOURU。GENJU《ZHONGGUONONGCUNFAZHANBAOGAO(2018)》HEZIRANZIYUANBUGONGBUDENONGCUNTUDILIUZHUANSHIDIANDESHUJUCESUAN,JINZHAIJIDIZHENGZHIZHEIYIXIANG,BIANNENGDAKAIGUIMOYUE32WANYIYUANDEJULIANGSHICHANG,ANZHAODANGQIAN5.78YIDENONGCUNRENKOUGUIMOJISUAN,XIANGDANGYUNONGCUNJUMINMEIRENZENGJIACAICHANXINGSHOURU5.5WANYUAN,ZHEIJIANGDAFUCUJINXIANGGUANCHANYEDEFAZHAN。

  2)进一步放宽部分制造业、金融业和服务业的限制,打造更有竞争力的国内产业。服务业方面,应尽快打破电信、物流、能源等领域的垄断,降低相关产品价格,从根本上降低其他行业的经营成本,改善企业盈利。制造业方面,应尽快放宽汽车业的投资限制,促进我国汽车行业水果拉霸多人版转型升级。金融业方面,应进一步开放金融服务业,大力发展资本市场,形成强有力的金融体系。

水果拉霸多人版  3)KUODADUIYIDAIYILUYANXIAN、FEIZHOUDENGGUOJIADETOUZIHECHUKOU。YIDAIYILUYANXIANHEFEIZHOUGUOJIAJINGJIHESHEHUIFAZHANSHUIPINGDADUOPIANDI,JUYOUHENDATOUZIQIANLI,TOUZIZHEIXIEGUOJIABUJINNENGZHULIZHONGGUOQIYESHIXIANGUOJIHUA,YESHIMIANDUIDANGQIANFUZAGUOJIXINGSHIDEXIANSHIXUANZE。JIANYIZHENGFUJIXUDALIGONGGUHEFAZHANTONGYIDAIYILUYANXIANJIFEIZHOUGUOJIADELIANGHAOGUANXI,TONGGUOQIANDINGSHUANGBIANHUODUOBIANXIEZUOJIZHIDENGFANGSHI,WENDINGZHONGGUOQIYEDEYUQI,WEIQIYEDEHAIWAITOUZIYINGZAOLIANGHAODEHUANJING。

  4)扩大医疗、教育、文化等消费领域投资,增加有效供给。医疗、教育、文化等领域是重要的消费升级类领域,但当前有效供给不足,存在较大提升空间。以医疗行业为例,当前看病难、看病贵问题突出,主要原因在于“管办合一”体制下,公立医院掌握了事业编制、科研课题、学术地位和行政资源等多重垄断资源,民营和外资医疗机构即使进入市场,并且提供更为优厚的待遇,也无法获得与公立医院抗衡能力。民营医院长期多而不强,还造成了“莆田系”医院泛滥,医患关系紧张、医学院毕业生人才流失等问题。建议打破限制人才流动的体制枷锁,建立更加开放的医学人才流动机制,吸引更多毕业生进入医疗行业,提升有效供给水平。

(WENZHANGLAIYUAN:ZHENGQUANSHIBAO)

水果拉霸多人版相关的文章

  • 中山商协会联盟成立援藏疆奖教基金!一商会首捐20万元!
    中山商协会联盟成立援藏疆奖教基金!一商会首捐20万元!

    9YUE30RI,XINKUAIBAOJIZHECONGZHONGSHANSHIMINZHENGJUHUOXI,ZHONGSHANSHIYOULEZIJIDEYUANZANGYUANJIANGJIANGJIAOJIJIN,GAIJIJINYOUZHONGSHANSHIJINGJICUJINHUI、ZHONGSHANSHIJIANGSUSHANGHUI、ZHONGSHANSHIHUNANSHANGHUI、ZHONGSHANSHIHUBEISHANGHUIDENG11GESHANGXIEHUIGONGTONGCHENGLI。9YUE29RIWAN,YOUZHONGSHANSHIJIANGSUSHANGHUIQIANTOUCHENGLIDEYUANZANGJIANGJIANGJIAOJIJINJIJUANZENGYI...

    2018-09-30 中山市基金奖教
  • 两融业务三箭齐发再松绑 标的股扩至1600只
    两融业务三箭齐发再松绑 标的股扩至1600只

    QUXIAOZUIDIWEICHIDANBAOBILIBUDEDIYU130%DETONGYIXIANZHI,GAIWEIYOUZHENGQUANGONGSIGENJUKEHUZIXIN、DANBAOPINZHILIANGHEGONGSIFENGXIANCHENGSHOUNENGLI,YUKEHUZIZHUYUEDINGZUIDIWEICHIDANBAOBILI。WANSHANWEICHIDANBAOBILIJISUANGONGSHI,CHUXIANJIN、GUPIAO、ZHAIQUANWAI,KEHUHAIKEYIZHENGQUANGONGSIRENKEDEQITAZHENGQUANDENGZICHANZUOWEIBUCHONGDANBAOWU,ZENGQIANGBUCHONGDANBAODELINGHUOXING。JIANGRONGZIRONGQUANBIAODEGUPIAOSHULIANGYOU950ZHIKUODAZHI1600ZHI,QIZHONGHUSHIXINZENGAGUBIAODE275ZHI,SHENSHIXINZENGAGUBIAODE375ZHI。...

    2019-08-11
  • 15股最近半月股东数大幅减少 11股连续三期筹码集中(名单)
    15股最近半月股东数大幅减少 11股连续三期筹码集中(名单)

    JINRU9YUEFENYILAI,SHANGZHENGZONGZHIJIBENWEIRAO2700DIANJINXINGRUOSHIZHENDANG,QIJIANHUSHICHENGJIAOJINEPINPINDIEPO1000YIYUAN,BENZHOUYIGENGSHICHUANGCHULE869.63YIYUANDEJINJINIANLAIDILIANG。DANZHEIBINGBUYIWEIZHEDAZIJINJIUCIYANQIXIGU,BUFENZIJINRENGZAIANLIUYONGDONGQIAOQIAOBUJU。JUHUSHENTOUZIZHEHU...

    2018-09-21 股东筹码人数
  • 谁说强制存款没用?那是你没存对地方!
    谁说强制存款没用?那是你没存对地方!

    水果拉霸多人版SHENGHUOZHONGWOMENZONGSHISHUOQIONG,KESHICONGBUQUZHAOYAOFUQILAIDEFANGFA,QIANJITIANHEPENGYOULIAOTIAN,TASHUODAOYOUGUOLEBANNIANDUOLE,CHULAIDAGONGDABANNIANLE,QIANDOUMEIYOUCUNXIAYIFENQIAN。WOJINGQIDESHUO,BUHUIBA!MEIGEYUESANQIANDUODEGONGZIZONGGAICUNXIAYIDIUDIUBA,NAPANIYIGEYUEHUA2000YUAN,HAISHINENGCUNXIA1...

    2018-07-27 攒钱存款存下钱
  • A股春季投资攻略:年报炒作行情即将展开 大资金青睐绩优股
    A股春季投资攻略:年报炒作行情即将展开 大资金青睐绩优股

    水果拉霸多人版BIANZHEAN:YANXIADUANQIFENGXIANSHIJIANSUIRANMIJI,ZIBENSHICHANGYEBAOCHIZHEJINSHEN,DANGUONEILIHAOYINSUDEJIZHONGCHENGXIANHAISHIYOULIYUSHICHANGQINGXUDEPINGWEN。CIQIANYIDURANGSHICHANGGAODUJINZHANGDELIUDONGXINGWENTI,ZAIYANGXINGSUIMONIANCHUCHIXUJIADALIUDONGXINGTOUFANGXIA,TEBIELIANXUJIANGZHUNRANGZIJINJINZHANGZHUANGKUANGMINGXIANHUANHE。SUIZHESHIJIANJINRU2019NIAN,ZIJINZAICIHUIDAOZHONGXINBUJUSHI。...

    2019-01-06
  • 次新基金建仓速度分化 丘栋荣“抢开局”傅鹏博“稳节奏”
    次新基金建仓速度分化 丘栋荣“抢开局”傅鹏博“稳节奏”

    GUANGSHOUGUANZHUDECHENGUANGMINGHEQIUDONGRONG“DAZHAN”YOUYOULEXINDEBIANHUA:ZAI4YUE22RIZHI5YUE9RISHICHANGZHENDANGQIJIAN,RUIYUANCHENGZHANGJIAZHIHEZHONGGENGXIAOPANJIAZHIDEJINGZHIFENBIEHUICHELE1.87HE8.79GEBAIFENDIAN,ZHEIYESHUOMINGLEHOUZHEXIANGDUIGENGJIAKANHAODANGQIANDESHICHANG,JIANCANGSUDUGENGKUAI。CIXINJIJINDEJIANCANGQINGKUANGLILAIWEITOUZIZHESUOGUANZHU。JUJIAOJINNIANYILAICHENGLIDECIXINJIJIN,CONGSHAOZAOQIANGONGBUDEYIJIBAOLAIKAN,CIXINJIJINYIJIDUMODEPINGJUNCANGWEIWEI45.43%,ZHENGTIJIANCANGSUDUBINGBUKUAI。...

    2019-05-20
  • 超越最高价!机构预言这只两倍股还能飙38% 一批黑马明年要涨嗨(名单)
    超越最高价!机构预言这只两倍股还能飙38% 一批黑马明年要涨嗨(名单)

    水果拉霸多人版NEIRONGZHAIYAOJIGOU“YUYAN”GUJIACHUANGXINGAODEGUPIAOMINGDANSIWEITUXINLIANZHANGSANRI,XIJIN5YIYUANLONGHUBANGZIJINQIANGCHOUZHEILEIGUHENGSHENGDIANZIDENGFANGLIANGZHIZHANGSHIJIXINXIDENGJUNXIANJINRICHENGDUOTOUPAILIEJIGOU“YUYAN”GUJIACHUANGXINGAODEGUPIAOMINGDANYUYANNENGFOUCHENGZHEN?JINQIQUANSHANG2020NIANDUCELVEHUIMIJIZHAOKAI,ZHULIUQUANSHANGNIANDU“YUYANDAXI”YINGLAIGAOCHAO。ZHENGTILAIKAN,QUANSHANGPANDUANPIANLEGUAN。...

    2019-11-22
  • 产品审核按下快进键 权益基金加速备战明年市场
    产品审核按下快进键 权益基金加速备战明年市场

    水果拉霸多人版ZHENGJIANHUIGUANWANGZUIXINSHUJUXIANSHI,10YUEFENYILAI,JIJINCONGJIESHOUZHUCESHENBAOCAILIAODAOSHOULIDESHIJIANJUNSUODUANZHI7RINEI。QIZHONG,QUANYIJIJINSHENHEXIAOLVDAFUTISHENG,DUOZHICHANPINZAIJIESHOUCAILIAOHOUDEDI3RIBIANSHOUDAOSHOULITONGZHI。YIGUANGDABAODEXINXIAOFEIZHUTIGUPIAOXINGJIJINWEILI,GAIJIJINYU10YUE9RITIJIAOZHUCESHENBAOCAILIAO,BINGYU10YUE12RISHOUDAOSHOULITONGZHI,JINJIEZHEZAI10GEGONGZUORINEIGAICHANPINBIANHUODECHANPINPIWEN。...

    2019-12-21
  • 科创板首只回调超60%的个股诞生 牛市形态股票仅剩1只!5只股较发行价涨幅不足50%
    科创板首只回调超60%的个股诞生 牛市形态股票仅剩1只!5只股较发行价涨幅不足50%

    SILIANYANGHOUDENANWEIYIXUE,ZUIXINSHOUPANJIAZHANSHANG140YUANDAGUAN,SHIWEIYIYIZHIZHANSHANGSUOYOUJUNXIANDEKECHUANGBANGUPIAO。ZHOUSANKECHUANGBANGUPIAOJIJINQUANXIANFANDAN,HONGRUANKEJIDAZHANG7.49%JUSHOU,NANWEIYIXUE、RUICHUANGWEINA、ANJIKEJIDENG12GUZHANGCHAO1%,JINSHANSHIWANGKE、CHUANYINKONGGU、REJINGSHENGWUDENG5GUNISHIXIADIE。RANER,DUIYUDABUFENKECHUANGBANGUPIAOLAISHUO,TAMENRENGCHUYUXIONGSHIZHUANGTAI,SHOUPANJINHONGRUANKEJIHENANWEIYIXUEZHANZAI5RIXIANSHANGFANG。...

    2019-10-11
  • 行者周刊:外资出逃原因?内资开始布局
    行者周刊:外资出逃原因?内资开始布局

    水果拉霸多人版LAIYUAN:KELAIZHUANLAN/XINGZHEKANSHIXINGZHESHICHANGHUIGUBENZHOUSHICHANG,JIDAZHISHUJUNBIAOXIANDEDIEDANGQIFU,JIBENSHANGZAIZHOUYIWANCHENGLEFANDANDONGZUO,SUIHOUKAISHIFENHUADIAOZHENG。JIEZHIZHOUWU,ZHISHUXIAFANGDEQUEKOUJIBENHUIBUWANCHENG,ZHONGXIAOCHUANGDEBIAOXIANYAOLVEQIANGYUZHUBAN。ZUIZHONG,SHANGZHENGZHISHU、SHENZHENCHENGZHI...

    2018-10-28 行者外资周刊