{"id":251119,"date":"2021-08-30T08:51:57","date_gmt":"2021-08-30T00:51:57","guid":{"rendered":"\/\/m.catawbaoil.com\/251119.html"},"modified":"2021-08-30T08:51:57","modified_gmt":"2021-08-30T00:51:57","slug":"%e8%83%a1%e4%bc%9f%e4%bf%8a%e4%b8%a8%e4%b8%ad%e5%9b%bd%e5%bc%8f%e6%8a%95%e8%b5%84%e6%97%b6%e9%92%9f%e7%9a%84%e6%a0%b8%e5%bf%83%ef%bc%9a%e8%b4%a2%e6%94%bf%e5%88%86%e6%9d%83%ef%bc%8c%e9%87%91%e8%9e%8d","status":"publish","type":"post","link":"\/\/m.catawbaoil.com\/251119.html","title":{"rendered":"\u80e1\u4f1f\u4fca\u4e28X\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743"},"content":{"rendered":"<div>\n<p><p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u6587\u7ae0\u90e8\u5206\u7ae0\u8282\u7ffb\u8bd1\u81ea\u4eca\u5e74<span>5<\/span>\u6708<span>4<\/span>\u65e5\u53d1\u8868\u7684\u82f1\u6587\u62a5\u544a<span>\u201cWhere  are we in the market cycle\u201d, <\/span>\u56fe\u8868\u548c\u6570\u636e\u5747\u672a\u4f5c\u66f4\u65b0\uff0c\u611f\u8c22\u5b63\u5fc3\u5b87\u63d0\u4f9b\u7684\u7814\u7a76\u652f\u6301\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u8fc7\u53bb\u4e24\u5e74\u4e2d\uff0c\u6211\u4eec\u90fd\u662f\u4ee5\u201c\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\u4e3a\u6846\u67b6\uff0c\u8ba8\u8bba\u7ecf\u6d4e\u4e0e\u5e02\u573a\u7684\u8d70\u5411\uff08\u5173\u4e8e\u8be5\u6846\u67b6\u7684\u4e2d\u6587\u4ecb\u7ecd\uff0c\u89c1\u201c\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\uff1a\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\uff0c<span>2019<\/span>\u5e74<span>2<\/span>\u6708\uff09\u3002\u672c\u6587\u7684\u524d\u534a\u90e8\u5206\uff0c\u5c06\u7ee7\u7eed\u4ee5\u6b64\u4e3a\u6846\u67b6\uff0c\u8ba8\u8bba\u6211\u4eec\u5bf9\u76ee\u524d\u7ecf\u6d4e\u548c\u5e02\u573a\u7684\u770b\u6cd5\u3002\u540e\u534a\u90e8\u5206\uff0c\u5c06\u8ba8\u8bba\u8be5\u6846\u67b6\u7684\u5236\u5ea6\u57fa\u7840\uff0c\u4e5f\u5c31\u662f\u4e2d\u56fd\u5b8f\u89c2\u7ba1\u7406\u7684\u6838\u5fc3\uff0c<span>\u201c<\/span>\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743<span>\u201d<\/span>\uff0c\u53ca\u5176\u5bf9\u5f53\u524d\u4e00\u4e9b\u70ed\u8bae\u8bdd\u9898\uff0c\u5982\u8d22\u653f\u8d64\u5b57\u8d27\u5e01\u5316\u4e4b\u4e89\uff0c\u6760\u6746\u7387\u4e4b\u4e89\u7684\u6db5\u4e49\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span><strong>&nbsp;<\/strong><\/span><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u4e00\u7ae0\uff1a\u4ec0\u4e48\u662f<\/strong><span><strong>\u201c<\/strong><\/span><strong>\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5<\/strong><span> <strong>\u201d<\/strong><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span><br \/> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4e2d\u56fd\u7ecf\u6d4e\u5728\u8fc7\u53bb<span>10<\/span>\u5e74\u4e4b\u4e2d\uff0c\u7ecf\u5386\u4e86\u4e09\u8f6e\u4e0b\u884c\u77ed\u5468\u671f\u3002\u6bcf\u4e00\u8f6e\u4e0b\u884c\uff0c\u90fd\u662f\u4ece\u653f\u7b56\u7d27\u7f29\u5f00\u59cb\u3002\u968f\u7740\u7d27\u7f29\u5e26\u6765\u7684\u7684\u538b\u529b\u4e0d\u65ad\u4e0a\u5347\uff0c\u653f\u7b56\u5c06\u51fa\u73b0\u5404\u79cd\u5fae\u8c03\uff0c\u8fd9\u65f6\u6211\u4eec\u79f0\u653f\u7b56\u653e\u677e\u8fdb\u5165\u7b2c\u4e00\u9636\u6bb5<span>Level-1<\/span>\u3002\u6700\u8fd1\u4e00\u8f6e\u7d27\u7f29\u4ece<span>2017<\/span>\u5e74\u5e95\u5f00\u59cb\uff0c\u800c<span>Level-1<\/span>\u5219\u4ece<span>2018<\/span>\u5e74<span>7<\/span>\u6708\u5f00\u59cb\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">Level-1<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u5e76\u6ca1\u6709\u6539\u53d8\u7d27\u7f29\u7684\u5927\u65b9\u5411\uff0c\u968f\u7740\u7ecf\u6d4e\u4e2d\u7684\u538b\u529b\u7ee7\u7eed\u4e0a\u5347\uff0c\u653f\u7b56\u653e\u677e\u8fdb\u5165\u7b2c\u4e8c\u9636\u6bb5<span>Level-2<\/span>\u3002<span>Level-2<\/span>\u901a\u5e38\u53d1\u751f\u5728\u5b98\u65b9\u5236\u9020\u4e1a<span>PMI<\/span>\u8dcc\u7834<span>50<\/span>\u4ee5\u540e\uff0c\u4ee5\u5168\u9762\u964d\u51c6\u6216\u964d\u606f\u4e3a\u6807\u5fd7\u3002\u5728\u672c\u8f6e\u4e0b\u884c\u4e2d\uff0c<span>PMI<\/span>\u5728<span>2018<\/span>\u5e74<span>12<\/span>\u6708<span>31<\/span>\u65e5\u8dcc\u7834<span>50<\/span>\uff0c<span>2019<\/span>\u5e74<span>1<\/span>\u6708<span>4<\/span>\u65e5\u51fa\u73b0\u7b2c\u4e00\u6b21\u5168\u9762\u964d\u51c6\uff0c\u8fdb\u5165\u7b2c\u4e8c\u9636\u6bb5<span>Level-2<\/span>\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">Level-2<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u6307\u5e38\u89c4\u7684\u8d22\u653f\u548c\u8d27\u5e01\u653f\u7b56\uff0c\u5305\u62ec\u964d\u51c6\u3001\u964d\u606f\u3001\u51cf\u7a0e\u7b49\u7b49\u3002<span>Level-2<\/span>\u7684\u5f00\u59cb\uff0c\u6807\u5fd7\u7740\u7d27\u7f29\u7684\u7ed3\u675f\uff0c\u4f46\u5e76\u4e0d\u8db3\u4ee5\u4ee4\u7ecf\u6d4e\u589e\u901f\u89e6\u5e95\u53cd\u5f39\u3002\u5728<span>Level-2<\/span>\u4e0b\uff0c\u5e02\u573a\u53d7\u5230\u4e24\u80a1\u76f8\u53cd\u7684\u529b\u91cf\uff1a\u7ecf\u6d4e\u4e0b\u884c\u5bfc\u81f4\u76c8\u5229\u4e0b\u8c03\uff0c\u800c\u653f\u7b56\u5bbd\u677e\u5bfc\u81f4\u4f30\u503c\u4e0a\u8c03\uff0c\u8fd9\u65f6\u80a1\u5e02\u5f80\u5f80\u662f\u9707\u8361\u5e02\uff0c\u5f31\u5468\u671f\u7684\u6d88\u8d39\u533b\u7597\u7b49\u884c\u4e1a\u5c06\u8dd1\u8d62\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u7ecf\u6d4e\u589e\u901f\u5728<span>Level-2<\/span>\u4e0b\u7ee7\u7eed\u4e0b\u884c\uff0c\u76f4\u81f3\u653f\u7b56\u653e\u677e\u8fdb\u5165\u7b2c\u4e09\u9636\u6bb5<span>Level-3<\/span>\u3002<span>Level-3<\/span>\u901a\u5e38\u53d1\u751f\u5728\u5730\u4ea7\u6216\u57fa\u5efa\u9886\u57df\u3002\u4f8b\u5982<span>2015<\/span>\u5e74<span>3<\/span>\u6708<span>30<\/span>\u65e5\u7684<span>3.30<\/span>\u65b0\u653f\uff0c\u6807\u5fd7\u7740\u5730\u4ea7\u653f\u7b56\u7684\u660e\u663e\u653e\u677e\u3002\u800c<span>16<\/span>\u5e74\u5f00\u59cb\u52a0\u901f\u7684\u68da\u6539\uff0c\u540c\u6837\u5c5e\u4e8e<span>Level-3<\/span>\u3002<span>Level-3<\/span>\u80fd\u591f\u4f7f\u7ecf\u6d4e\u8fdb\u5165\u4e00\u4e2a\u4e0a\u884c\u7684\u5c0f\u5468\u671f\uff0c\u94f6\u884c\u80a1\u548c\u5468\u671f\u80a1\u5f00\u59cb\u8dd1\u8d62\u5927\u76d8\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u5982\u679c\u8bf4<\/strong><span><strong>Level-2<\/strong><\/span><strong>\u662f\u5e38\u89c4\u7684\u8d22\u653f\u548c\u8d27\u5e01\u5bbd\u677e\uff0c<\/strong><span><strong>Level-3<\/strong><\/span><strong>\uff0c\u4e5f\u5c31\u662f\u57fa\u5efa\u4e0e\u5730\u4ea7\uff0c\u5176\u5b9e\u8d28\u5c31\u662f\u6253\u901a\u8d22\u653f\u4e0e\u91d1\u878d\u3002<\/strong>\u4e2d\u56fd\u5b8f\u89c2\u7ba1\u7406\u7684\u6838\u5fc3\uff0c\u7528\u516b\u4e2a\u5b57\u6765\u5f62\u5bb9\uff0c\u5c31\u662f<span>\u201c<\/span>\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743<span>\u201d<\/span>\u3002\u8d22\u653f\u652f\u51fa\u4e3b\u8981\u7531\u5730\u65b9\u653f\u5e9c\u6765\u505a\uff0c\u800c\u91d1\u878d\u8d44\u6e90\u5219\u4e3b\u8981\u53d7\u4e2d\u592e\u653f\u5e9c\u63a7\u5236\u3002\u5730\u4ea7\u548c\u57fa\u5efa\uff0c\u90fd\u65e2\u6709\u8d22\u653f\u5206\u6743\u7684\u4e00\u9762\uff08\u5730\u65b9\u653f\u5e9c\u662f\u6267\u884c\u4e3b\u4f53\uff09\uff0c\u53c8\u6709\u91d1\u878d\u96c6\u6743\u7684\u4e00\u9762\uff08\u9700\u8981\u5f97\u5230\u91d1\u878d\u673a\u6784\u7684\u914d\u5408\uff09\uff0c\u662f\u4e2d\u592e\u548c\u5730\u65b9\u5173\u7cfb\u7684\u4f53\u73b0\u3002\u6211\u4eec\u4e4b\u6240\u4ee5\u89c6\u57fa\u5efa\u548c\u5730\u4ea7\u4e3a<span>Level-3<\/span>\uff0c\u662f\u56e0\u4e3a\u5b83\u4eec\u90fd\u9700\u8981\u6253\u901a\u91d1\u878d\u548c\u8d22\u653f\uff0c\u534f\u8c03\u4e2d\u592e\u4e0e\u5730\u65b9\u3002\u8fd9\u4e00\u70b9\uff0c\u662f<span>Level-3<\/span>\u548c<span>Level-2<\/span>\u4e4b\u95f4\u7684\u672c\u8d28\u4e0d\u540c\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ee5\u5730\u4ea7\u4e3a\u4f8b\uff0c\u5730\u65b9\u653f\u5e9c\u4f5c\u4e3a\u571f\u5730\u8d22\u653f\u7684\u6267\u884c\u8005\uff0c\u5bf9\u4e8e\u623f\u5730\u4ea7\u6709\u5f88\u5927\u7684\u8c03\u63a7\u4e3b\u52a8\u6743\uff0c\u4e5f\u5c31\u8bf4\u73b0\u5728\u5e38\u8bf4\u7684\u201c\u4e00\u57ce\u4e00\u7b56\u201d\u3002\u4f46\u662f\uff0c\u5bf9\u4e8e\u623f\u5730\u4ea7\u6700\u91cd\u8981\u7684\u91d1\u878d\u653f\u7b56\uff0c\u50cf\u9996\u4ed8\u6bd4\u7387\uff0c\u623f\u8d37\u5229\u7387\u7b49\uff0c\u5219\u662f\u7531\u592e\u884c\u6765\u51b3\u5b9a\u3002\u6240\u4ee5\u5730\u4ea7\u7684\u5bbd\u677e\uff0c\u65e2\u6709\u8d22\u653f\u548c\u91d1\u878d\uff0c\u4e5f\u6709\u4e2d\u592e\u548c\u5730\u65b9\uff0c\u7f3a\u4e00\u4e0d\u53ef\u3002<span>2014<\/span>\u5e74\u7edd\u5927\u591a\u6570\u7684\u5730\u65b9\u653f\u5e9c\u53d6\u6d88\u4e86\u9650\u8d2d\uff0c\u4f46\u6548\u679c\u4e00\u76f4\u975e\u5e38\u6709\u9650\uff0c\u5c31\u662f\u56e0\u4e3a\u53ea\u6709\u8d22\u653f\u6ca1\u6709\u91d1\u878d\uff0c\u53ea\u6709\u5730\u65b9\u6ca1\u6709\u4e2d\u592e\u3002\u76f4\u5230<span>2015<\/span>\u5e74\u4e09\u90e8\u59d4\u53d1\u5e03<span>3.30<\/span>\u65b0\u653f\u4e4b\u540e\uff0c\u623f\u5730\u4ea7\u5e02\u573a\u624d\u5f00\u59cb\u771f\u6b63\u56de\u6696\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u57fa\u5efa\u540c\u6837\u5982\u6b64\u3002\u5730\u65b9\u653f\u5e9c\u627f\u62c5\u4e86<span>90%<\/span>\u4ee5\u4e0a\u7684\u57fa\u5efa\u652f\u51fa\uff0c\u4f46\u5c31\u5176\u878d\u8d44\u800c\u8a00\uff0c\u4e0d\u8bba\u662f\u94f6\u884c\u652f\u6301\u7684\u529b\u5ea6\uff0c\u5bf9\u4e8e\u878d\u8d44\u5e73\u53f0\u7684\u76d1\u7ba1\uff0c\u8fd8\u662f\u5730\u65b9\u80fd\u591f\u4e3e\u501f\u7684\u503a\u52a1\uff0c\u65e0\u4e0d\u53d7\u5230\u4e2d\u592e\u6240\u7ba1\u63a7\u3002\u800c\u5728<span>2012<\/span>\u5e74<span>3<\/span>\u5b63\u5ea6\u7684<span>Level-3<\/span>\uff0c\u4e3b\u8981\u662f\u5bf9\u5730\u65b9\u878d\u8d44\u5e73\u53f0\u7684\u653e\u677e\uff0c\u4f7f\u5f97\u57fa\u5efa\u6295\u8d44\u5728\u77ed\u65f6\u95f4\u5185\u8fc5\u901f\u8d77\u98de\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u4e8c\u7ae0\uff1a\u201c\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\u5728\u8fc7\u53bb\u4e24\u5e74\u7684\u5e94\u7528<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5728\u8fc7\u53bb\u4e24\u5e74\u4e2d\uff0c\u8fd0\u7528\u201c\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\u8fd9\u4e2a\u6846\u67b6\uff0c\u53ef\u4ee5\u5728\u56db\u4e2a\u5e02\u573a\u72af\u9519\u7684\u65f6\u5019\uff0c\u505a\u51fa\u6b63\u786e\u7684\u9884\u6d4b\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">1.  2018<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u5e74<span>1<\/span>\u6708\uff0c\u5e02\u573a\u60c5\u7eea\u9ad8\u6da8\uff0c<span> \u201c<\/span>\u5168\u7403\u540c\u6b65\u589e\u957f<span>\u201c<\/span>\uff08<span>global  synchronized growth<\/span>\uff09\u6210\u4e3a\u70ed\u8bcd\u3002\u4f46\u4ece<span>\u201c<\/span>\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5<span>\u201d<\/span>\u6765\u770b\uff0c\u51b3\u5b9a\u5e02\u573a\u7684\u5173\u952e\uff0c\u4e0d\u662f\u7ecf\u6d4e\u800c\u662f\u653f\u7b56\u3002\u5728\u9632\u8303\u5316\u89e3\u91cd\u5927\u98ce\u9669\u5728\u5341\u4e5d\u5927\u4e0a\u6210\u4e3a\u4e09\u5927\u653b\u575a\u6218\u4e4b\u4e00\u540e\uff0c\u65b0\u4e00\u8f6e\u7684\u7d27\u7f29\u5468\u671f\u5df2\u7ecf\u5f00\u542f\u3002\u57fa\u5efa\u6295\u8d44\u7ee7<span>2011<\/span>\u5e74\u4e4b\u540e\uff0c\u5728<span>2018<\/span>\u5e74\uff0c\u518d\u6b21\u51fa\u73b0\u5927\u8dcc\u3002\u548c<span>2011<\/span>\u5e74\u4e00\u6837\uff0c<span>2018<\/span>\u5e74\u503a\u5e02\u8d70\u725b\uff0c\u80a1\u5e02\u8d70\u718a\u3002\u5728<span>2011<\/span>\u5e74\u548c<span>2018<\/span>\u5e74\uff0c\u80a1\u5e02\u8d70\u718a\u7684\u539f\u56e0\u90fd\u662f\u56e0\u4e3a\u7d27\u7f29\u5bfc\u81f4\u7684\u6740\u4f30\u503c\uff0c\u800c\u4e0d\u662f\u76c8\u5229\u7684\u4e0b\u8c03\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123107_66643.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">2.  2018<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u5e74<span>7<\/span>\u6708\uff0c\u5e02\u573a\u60c5\u7eea\u8f6c\u5411\u79ef\u6781\uff0c\u4e3b\u6d41\u610f\u89c1\u5c06<span>7<\/span>\u6708\u56fd\u5e38\u4f1a\u4e0a\u63aa\u8f9e\u7684\u5fae\u8c03\uff0c\u89e3\u8bfb\u4e3a\u5168\u9762\u5bbd\u677e\u7684\u53f7\u89d2\u3002\u4e8b\u5b9e\u6b63\u597d\u76f8\u53cd\uff0c\u653f\u7b56\u5fae\u8c03\u8868\u660e<span>Level-1<\/span>\u521a\u521a\u5f00\u59cb\uff0c\u6240\u4ee5\u6295\u8d44\u8005\u5e94\u8be5\u66f4\u8d8b\u8c28\u614e\u3002\u5728<span>2011<\/span>\u5e74<span>7<\/span>\u6708\uff0c\u4e5f\u6709\u5173\u4e8e<span>\u201c<\/span>\u5b8f\u8c03\u65b0\u601d\u8def<span>\u201d<\/span>\u7684\u8ba8\u8bba\uff0c\u5f53\u65f6\u4e5f\u5f15\u53d1\u5168\u9762\u5bbd\u677e\u7684\u61a7\u61ac\u3002\u6b63\u662f\u7531\u4e8e<span>2011<\/span>\u5e74\u548c<span>2018<\/span>\u5e74\u5728\u653f\u7b56\u5468\u671f\u7684\u4f4d\u7f6e\u975e\u5e38\u76f8\u4f3c\uff0c\u6240\u4ee5\u8fd9\u4e24\u5e74\u4e0d\u7ba1\u662f\u5e02\u573a\u8d70\u52bf\uff0c\u8fd8\u662f\u884c\u4e1a\u8868\u73b0\u90fd\u975e\u5e38\u76f8\u4f3c\u3002<\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123120_43745.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span>&nbsp;<\/span>3. 2019<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u5e74<span>1<\/span>\u6708\uff0c\u5e02\u573a\u60c5\u7eea\u975e\u5e38\u60b2\u89c2\u3002\u4f46\u5728<span>2018<\/span>\u5e74<span>12<\/span>\u6708<span>31<\/span>\u65e5\u5b98\u65b9\u5236\u9020\u4e1a<span>PMI<\/span>\u8dcc\u7834<span>50<\/span>\u4e4b\u540e\uff0c<span>1<\/span>\u6708<span>4<\/span>\u65e5\u7684\u7b2c\u4e00\u6b21\u5168\u9762\u964d\u51c6\uff0c\u6807\u5fd7<span>Level-2<\/span>\u7684\u5f00\u59cb\u3002\u5e02\u573a\u5f00\u59cb\u8d70\u51fa<span>Level-1<\/span>\u4e0b\u7684\u718a\u5e02\uff0c\u8fdb\u5165<span>Level-2<\/span>\u4e0b\u7684\u9707\u8361\u5e02\u3002\u4e3a\u4ec0\u4e48\u662f\u9707\u8361\u5e02\uff1f\u56e0\u4e3a\u653f\u7b56\u5bbd\u677e\u4ee4\u4f30\u503c\u4e0a\u8c03\uff0c\u4f46\u7531\u4e8e\u5e38\u89c4\u7684\u8d22\u653f\u548c\u8d27\u5e01\u653f\u7b56\u4e0d\u8db3\u4ee5\u4ee4\u7ecf\u6d4e\u89c1\u5e95\uff0c\u6240\u4ee5\u76c8\u5229\u4ecd\u9762\u4e34\u4e0b\u4fee\u538b\u529b\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5728<span>Level-2<\/span>\u7684\u9707\u8361\u5e02\u4e0b\uff0c\u5982\u679c\u5e02\u573a\u975e\u5e38\u60b2\u89c2\uff0c\u5c31\u53ef\u4ee5\u4e50\u89c2\u4e00\u4e9b\u3002\u76f8\u53cd\uff0c\u5c31\u9700\u8981\u8c28\u614e\u4e00\u4e9b\u3002\u56e0\u4e3a\u5149\u9760\u4f30\u503c\u6269\u5f20\u800c\u4e0a\u6da8\u7684\u5e02\u573a\uff0c\u662f\u975e\u5e38\u8106\u5f31\u7684\u3002\u653f\u7b56\u9762\u6d88\u606f\u9762\u7684\u98ce\u5439\u8349\u52a8\uff0c\u50cf\u53bb\u5e74<span>4<\/span>\u6708<span>19<\/span>\u65e5\u7684\u653f\u6cbb\u5c40\u4f1a\u8bae\u91cd\u63d0<span>\u201c<\/span>\u53bb\u6760\u6746<span>\u201c<\/span>\u548c<span>\u201d<\/span>\u623f\u4f4f\u4e0d\u7092<span>\u201c<\/span>\uff0c\u4ee5\u53ca<span>8<\/span>\u6708<span>1<\/span>\u65e5\u7279\u6717\u666e\u5ba3\u5e03\u5bf9<span>3000<\/span>\u4ebf\u4e2d\u56fd\u51fa\u53e3\u52a0\u7a0e\uff0c\u90fd\u5f15\u53d1\u4e86\u5e02\u573a\u5927\u8dcc\u3002\u5728<span>Level-2<\/span>\u4e0b\uff0c\u8868\u73b0\u6700\u597d\u7684\u884c\u4e1a\u5c31\u662f\u76c8\u5229\u53d7\u5b8f\u89c2\u5f71\u54cd\u4e0d\u5927\u7684\u884c\u4e1a\uff0c\u5982\u6d88\u8d39\u548c\u533b\u7597\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5386\u53f2\u4e0a\uff0c<span>2011<\/span>\u5e74<span>12<\/span>\u6708<span>1<\/span>\u65e5\u5b98\u65b9\u5236\u9020\u4e1a<span>PMI<\/span>\u8dcc\u7834<span>50<\/span>\uff0c<span>12<\/span>\u6708<span>5<\/span>\u65e5\u9996\u6b21\u5168\u9762\u964d\u51c6\uff0c\u8fdb\u5165<span>Level-2<\/span>\u3002<span>2012<\/span>\u5e74\u548c<span>2019<\/span>\u5e74\uff0c\u7531\u4e8e\u653f\u7b56\u5468\u671f\u7684\u76f8\u4f3c\u6027\uff0c\u6240\u4ee5\u65e0\u8bba\u662f\u6307\u6570\u8868\u73b0\uff0c\u8fd8\u662f\u884c\u4e1a\u8868\u73b0\uff0c\u90fd\u975e\u5e38\u76f8\u4f3c\u3002<\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123144_63073.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">4.  2019<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u5e74\u5e95\uff0c\u8fd9\u65f6\u5e02\u573a\u60c5\u7eea\u518d\u8d8b\u79ef\u6781\uff0c\u5e93\u5b58\u5468\u671f\u6210\u4e3a\u70ed\u8bcd\u3002\u4f46\u4ece<span>\u201c<\/span>\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5<span>\u201d<\/span>\u6765\u770b\uff0c\u653f\u7b56\u653e\u677e\u5e76\u672a\u5230\u8fbe<span>Level-3<\/span>\uff0c\u8c08\u7ecf\u6d4e\u89c1\u5e95\u4ecd\u7136\u4e3a\u65f6\u5c1a\u65e9\u3002\u4ece\u5229\u7387\u6765\u770b\uff0c\u8fd9\u65f6\u5c31\u5e94\u8be5\u62bc\u6ce8\u4e8e\u964d\u606f\u5468\u671f\uff0c\u800c\u4e0d\u662f\u76f8\u53cd\u3002\u5bf9\u4e8e\u80a1\u5e02\u800c\u8a00\uff0c\u4e0a\u6da8\u8d8a\u591a\uff0c\u5e02\u573a\u5c31\u8d8a\u8106\u5f31\uff0c\u5e94\u8be5\u9010\u6b65\u964d\u4f4e\u800c\u4e0d\u662f\u589e\u52a0\u4ed3\u4f4d\u3002<\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u4e09\u7ae0\uff1a\u4ece\u201c\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\u770b\u76ee\u524d\u7684\u5e02\u573a<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u6bcf\u4e00\u4e2a\u4ea4\u6613\u65e5\uff0c\u6295\u8d44\u8005\u90fd\u4f1a\u7528\u6570\u5343\u4ebf\u771f\u91d1\u767d\u94f6\u8868\u8fbe\u4ed6\u4eec\u5bf9\u5b8f\u89c2\u548c\u516c\u53f8\u7684\u5224\u65ad\u3002\u5e02\u573a\u4ea4\u6613\u7684\u7ed3\u679c\uff0c\u4f53\u73b0\u4e86\u6df1\u523b\u7684\u7fa4\u4f53\u667a\u6167\u3002\u6240\u4ee5\uff0c\u7b14\u8005\u4e00\u76f4\u975e\u5e38\u8ba4\u540c\u8457\u540d\u7684\u5b8f\u89c2\u6295\u8d44\u8005\u5fb7\u9c81\u80af\u7c73\u52d2\uff08<span>Stanley Druckenmiller<\/span>\uff09\u7684\u4e00\u4e2a\u8bf4\u6cd5\uff0c\u80a1\u7968\u5e02\u573a\u80fd\u591f\u63d0\u4f9b\u5173\u4e8e\u7ecf\u6d4e\u7684\u7ebf\u7d22\uff08<span>The  inside of the stock market provides clues about the economy<\/span>\uff09\u3002\u4e0b\u9762\u5c06\u57fa\u4e8e\u91d1\u878d\u5e02\u573a\u7684\u8868\u73b0\uff0c\u8ba8\u8bba\u5bf9\u5f53\u4e0b\u7ecf\u6d4e\u548c\u5e02\u573a\u7684\u4e09\u4e2a\u5224\u65ad\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>1. <\/strong><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u5e02\u573a\u76ee\u524d\u4ecd\u7136\u5728<\/strong><span><strong>Level-2<\/strong><\/span><strong>\u4e0b<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">Level-2<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u4e0b\uff0c\u80a1\u7968\u5e02\u573a\u7684\u7279\u70b9\u5c31\u662f\u76c8\u5229\u4e0b\u4fee\u800c\u4f30\u503c\u6269\u5f20\uff0c<span>2019<\/span>\u5e74\u7684\u5e02\u573a\u8fd9\u6837\uff0c\u800c\u4eca\u5e74<span>3<\/span>\u6708<span>24<\/span>\u65e5\u80a1\u5e02\u89c1\u5e95\u4ee5\u6765\uff0c\u5e02\u573a\u540c\u6837\u5982\u6b64\u3002<\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span>&nbsp;<img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123220_65093.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5f80\u524d\u770b\uff0c\u73b0\u5728\u5e02\u573a\u5bf9\u4e8e\u76c8\u5229\u7684\u4e00\u81f4\u9884\u671f\u548c<span>2018<\/span>\u5e74\u5dee\u4e0d\u591a\uff0c\u4f46\u4eca\u5e74\u7684\u7ecf\u6d4e\u589e\u901f\u52bf\u5fc5\u8fdc\u4f4e\u4e8e<span>2018<\/span>\u5e74\u3002\u6240\u4ee5\u5728\u4eca\u5e74\u63a5\u4e0b\u6765\u7684\u65f6\u95f4\u91cc\uff0c\u76c8\u5229\u4e0b\u4fee\u548c\u4f30\u503c\u4e0a\u8c03\u7684\u60c5\u51b5\u4ecd\u5c06\u5e76\u5b58\u3002\u6b63\u56e0\u4e3a\u662f<span>Level-2<\/span>\uff0c\u5e02\u573a\u5728\u4e0a\u6da8\u7684\u540c\u65f6\uff0c\u4e5f\u662f\u8106\u5f31\u7684\u3002\u6d88\u606f\u9762\u7684\u98ce\u5439\u8349\u52a8\uff0c\u4e0d\u8bba\u662f\u75ab\u60c5\u3001\u653f\u7b56\u3001\u4e2d\u7f8e\u3001\u6216\u662f\u5176\u5b83\uff0c\u90fd\u53ef\u80fd\u5bfc\u81f4\u5e02\u573a\u7684\u8c03\u6574\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123233_47164.png\" style=\"font-size:16px;text-indent:32px;white-space:normal;\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u6b63\u56e0\u4e3a\u4eca\u5e74\u548c\u53bb\u5e74\u90fd\u662f<span>Level-2<\/span>\uff0c\u6240\u4ee5\u4eca\u5e74\u8dd1\u8d62\u6307\u6570\u7684\u884c\u4e1a\u548c\u53bb\u5e74\u975e\u5e38\u76f8\u4f3c\u3002\u552f\u4e00\u7684\u4e0d\u540c\u5728\u4e8e\uff0c\u4e00\u4e9b\u4e92\u8054\u7f51\u884c\u4e1a\u7684\u516c\u53f8\uff0c\u7531\u4e8e\u6709\u76ca\u4e8e\u75ab\u60c5\u4e0b\u7684\u8fdc\u8ddd\u79bb\u529e\u516c\u548c\u5a31\u4e50\u7684\u9700\u6c42\uff0c\u53bb\u5e74\u8dd1\u8f93\u800c\u4eca\u5e74\u8dd1\u8d62\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>MSCI  China<\/strong><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u884c\u4e1a\u56de\u62a5<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123330_12842.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5728\u8fd9\u79cd\u60c5\u51b5\u4e0b\uff0c\u4f30\u503c\u9ad8\u7684\u884c\u4e1a\u53ef\u80fd\u4f1a\u7ee7\u7eed\u9ad8\uff0c\u4f30\u503c\u4f4e\u7684\u884c\u4e1a\u4f1a\u7ee7\u7eed\u4f4e\uff0c\u53bb\u5e74\u4e0b\u534a\u5e74\u4ee5\u6765\u7684\u4f30\u503c\u5206\u5316\uff08<span>valuation polarization<\/span>\uff09\u5c06\u6301\u7eed\u5b58\u5728\u3002\u8fd9\u79cd\u60c5\u51b5\u4ec0\u4e48\u65f6\u5019\u6539\u53d8\u5462\uff1f\u53ef\u80fd\u9700\u8981\u7b49\u5230<span>Level-3<\/span>\uff0c\u8fd9\u65f6\u94f6\u884c\u548c\u5468\u671f\u624d\u80fd\u5c55\u5f00\u4e00\u8f6e\u65b0\u7684\u9006\u88ad\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123341_84344.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span><strong>&nbsp;<\/strong><\/span><strong>2. <\/strong><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u590d\u82cf\u5c06\u5448\u73b0<\/strong><span><strong>W<\/strong><\/span><strong>\u578b\u3002<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">W<\/span><span style=\"font-size:12.0pt;line-height:150%;\">\u7684\u5de6\u8fb9\u662f\u4f9b\u7ed9\u7684\u6545\u4e8b\u3002\u53d7\u75ab\u60c5\u7684\u5f71\u54cd\uff0c\u51fa\u73b0\u4e86\u4e00\u4e2a\u5de8\u5927\u7684\u5bf9\u4f9b\u7ed9\u9762\u7684\u51b2\u51fb\u548c\u4fee\u590d\uff0c\u8fd9\u4e5f\u662f\u6700\u8fd1\u5e02\u573a\u4ea4\u6613\u7684\u4e3b\u9898\u3002<span>W<\/span>\u7684\u53e6\u4e00\u534a\u5219\u662f\u9700\u6c42\u7684\u6545\u4e8b\u3002\u4eca\u5e74<span>1<\/span>\u5b63\u5ea6<span>6.8%<\/span>\u7684<span>GDP<\/span>\u540c\u6bd4\u4e0b\u8dcc\uff0c\u53ef\u4ee5\u8bf4\u662f<span>\u201c<\/span>\u75ab\u60c5\u5e95<span>\u201c<\/span>\uff0c\u4ece\u4e0b\u884c\u7684\u6df1\u5ea6\u6765\u770b\uff0c\u4e5f\u53ef\u4ee5\u8bf4\u662f\u7edd\u5bf9\u7684\u5e95\u90e8\u3002\u4f46\u662f\uff0c\u8fd9\u53ef\u80fd\u5e76\u4e0d\u662f<span>\u201d<\/span>\u5468\u671f\u5e95<span>\u201c<\/span>\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u5468\u671f\u7684\u89d2\u5ea6\u6765\u770b\uff0c\u7ecf\u6d4e\u4ecd\u7136\u5904\u4e8e<span>2018<\/span>\u5e74\u5f00\u59cb\u7684\u4e0b\u884c\u901a\u9053\u4e4b\u4e2d\u3002\u63a5\u4e0b\u6765\uff0c\u5916\u9700\u548c\u901a\u7f29\u4f1a\u5bf9\u9700\u6c42\u5e26\u6765\u538b\u5236\u3002\u800c\u623f\u5730\u4ea7\u5728\u7ecf\u5386\u4e86\u56db\u5e74\u725b\u5e02\u4e4b\u540e\uff0c\u4e5f\u5b58\u5728\u4e0b\u884c\u7684\u538b\u529b\uff0c\u4f46\u6700\u7ec8\u7ecf\u6d4e\u4f1a\u5728<span>Level-3<\/span>\u4e0b\u89e6\u5e95\u56de\u5347\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span><strong>&nbsp;<\/strong><\/span><strong>3. <\/strong><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u57fa\u5efa\u5c06\u6210\u4e3a\u672c\u8f6e<\/strong><span><strong>Level-3<\/strong><\/span><strong>\u7684\u4e3b\u8981\u6293\u624b\u3002<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u524d\u9762\u63d0\u5230\uff0c<span>Level-3<\/span>\u672c\u8d28\u4e0a\u662f\u5728<span>\u201c<\/span>\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743<span>\u201c<\/span>\u7684\u5b8f\u89c2\u6846\u67b6\u4e0b\uff0c\u6253\u901a\u8d22\u653f\u4e0e\u91d1\u878d\uff0c\u4e2d\u592e\u4e0e\u5730\u65b9\u3002\u6240\u4ee5\u4e0d\u8bba\u662f\u57fa\u5efa\u8fd8\u662f\u5730\u4ea7\uff0c\u90fd\u662f\u65e2\u6709\u8d22\u653f\u548c\u91d1\u878d\u4e24\u4e2a\u5c42\u9762\uff0c\u4e5f\u6709\u4e2d\u592e\u548c\u5730\u65b9\u4e24\u4e2a\u5c42\u9762\u3002<span>2012<\/span>\u5e74\u7684<span>Level-3<\/span>\u4e3b\u8981\u901a\u8fc7\u57fa\u5efa\uff0c<span>2015<\/span>\u5e74\u7684<span>Level-3<\/span>\u4e3b\u8981\u901a\u8fc7\u5730\u4ea7\u3002\u76ee\u524d\u5728<span>\u201d<\/span>\u4e00\u57ce\u4e00\u7b56<span>\u201c<\/span>\u7684\u80cc\u666f\u4e0b\uff0c\u5730\u4ea7\u653f\u7b56\u5728\u5730\u65b9\u5c42\u9762\u53ef\u80fd\u4f1a\u9010\u6e10\u653e\u677e\u3002\u4f46\u53d7\u5236\u4e8e<span>\u201d<\/span>\u623f\u4f4f\u4e0d\u7092<span>\u201c<\/span>\uff0c\u4e2d\u592e\u5c42\u9762\u4e0d\u592a\u53ef\u80fd\u51fa\u73b0\u660e\u663e\u653e\u677e\u3002\u672c\u8f6e<span>Level-3<\/span>\u7684\u6293\u624b\uff0c\u5c06\u91cd\u65b0\u56de\u5230\u57fa\u5efa\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u56db\u7ae0\uff1a<\/strong><span><strong>Level-3<\/strong><\/span><strong>\u7684\u7a7a\u95f4\u3001\u610f\u613f\u4e0e\u4f20\u5bfc<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u63a5\u4e0b\u6765\u7684\u95ee\u9898\u662f\uff0c\u6709\u6ca1\u6709\u7a7a\u95f4\u548c\u610f\u613f\u505a<\/strong><span><strong>Level-3<\/strong><\/span><strong>\uff1f<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u7a7a\u95f4\u6765\u770b\uff0c\u4e00\u79cd\u8bf4\u6cd5\u662f<span>Level-3<\/span>\u4f1a\u5e26\u6765\u901a\u80c0\u538b\u529b\uff0c\u4f46\u4eca\u5e74\u663e\u7136\u662f\u901a\u7f29\u538b\u529b\u8fdc\u5927\u4e8e\u901a\u80c0\u3002\u53e6\u4e00\u79cd\u8bf4\u6cd5\u662f<span>Level-3<\/span>\u4f1a\u589e\u52a0\u6c47\u7387\u8d2c\u503c\u548c\u8d44\u672c\u5916\u6d41\u7684\u538b\u529b\u3002\u4f46\u4ece<span>2012<\/span>\u5e74\u548c<span>2015<\/span>\u5e74\u4e24\u8f6e<span>Level-3<\/span>\u7684\u7ecf\u9a8c\uff0c<span>Level-3<\/span>\u80fd\u4f7f\u7ecf\u6d4e\u89e6\u5e95\u56de\u5347\uff0c\u8d44\u91d1\u4ece\u53d1\u8fbe\u56fd\u5bb6\u56de\u6d41\u65b0\u5174\u5e02\u573a\uff0c\u4ee4\u6c47\u7387\u5347\u503c\u800c\u975e\u8d2c\u503c\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u610f\u613f\u6765\u770b\uff0c\u4ece\u8fc7\u53bb\u4e24\u8f6e<span>Level-3<\/span>\u6765\u770b\uff0c<strong>\u7ecf\u6d4e\u589e\u901f\u662f\u4e00\u4e2a\u4e3b\u8981\u8003\u91cf<\/strong>\u3002<span>2012<\/span>\u5e74\u7684<span>GDP<\/span>\u589e\u957f\u76ee\u6807\u662f<span>7.5%<\/span>\uff0c\u5f53\u5e74<span>3<\/span>\u5b63\u5ea6<span>GDP<\/span>\u589e\u901f\u4e0b\u6ed1\u5230\u4e86<span>7.5%<\/span>\uff0c\u800c<span>Level-3<\/span>\u4e5f\u662f\u8fd9\u4e2a\u5b63\u5ea6\u5f00\u59cb\u7684\u3002<span>2015<\/span>\u5e74\u7684<span>GDP<\/span>\u589e\u957f\u76ee\u6807\u662f<span>7.0%<\/span>\uff0c\u5f53\u5e74<span>2<\/span>\u5b63\u5ea6<span>GDP<\/span>\u589e\u901f\u4e0b\u6ed1\u5230\u4e86<span>7.1%<\/span>\uff0c<span>Level-3<\/span>\u5f00\u59cb\u3002\u9664\u6b64\u4e4b\u5916\uff0c<strong>\u56fd\u4f01\u76c8\u5229\u548c\u8d22\u653f\u6536\u5165\u4e5f\u662f\u91cd\u8981\u8003\u91cf\u3002<\/strong>\u5386\u53f2\u4e0a\uff0c<span>Level-3<\/span>\u5f80\u5f80\u59cb\u4e8e\u5de5\u4e1a\u4f01\u4e1a\u76c8\u5229\u589e\u901f\u53d8\u8d1f<span>2-3<\/span>\u4e2a\u5b63\u5ea6\uff0c\u4ee5\u53ca\u5e7f\u4e49\u8d22\u653f\u6536\u5165\uff08\u516c\u5171\u8d22\u653f\u6536\u5165<span>+<\/span>\u653f\u5e9c\u6027\u57fa\u91d1\u6536\u5165\uff09\u589e\u901f\u53d8\u8d1f<span>1-2<\/span>\u4e2a\u5b63\u5ea6\u4e4b\u540e\u3002<\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4eca\u5e74\u5982\u679c\u8bbe<span>GDP<\/span>\u589e\u901f\u76ee\u6807\uff0c\u8be5\u76ee\u6807\u5c31\u662f<span>Level-3<\/span>\u91cd\u8981\u4f9d\u636e\u3002\u5373\u4f7f\u4e0d\u8bbe<span>GDP<\/span>\u589e\u901f\u76ee\u6807\uff0c\u4f46\u7531\u4e8e\u7ecf\u6d4e\u589e\u901f\u548c\u5c31\u4e1a\u7684\u7d27\u5bc6\u8054\u7cfb\uff0c\u5bf9\u4e8e<span>GDP<\/span>\u589e\u901f\u4e5f\u4e0d\u4f1a\u6ca1\u6709\u5e95\u7ebf\u3002\u53e6\u4e00\u65b9\u9762\uff0c\u4e0d\u8bba\u662f\u56fd\u4f01\u76c8\u5229\uff0c\u8fd8\u662f\u8d22\u653f\u6536\u5165\uff0c\u5728\u7ecf\u6d4e\u4e0b\u884c\u548c\u901a\u7f29\u7684\u53cc\u91cd\u5f71\u54cd\u4e0b\uff0c\u4e5f\u4f1a\u9762\u4e34\u8f83\u5927\u7684\u538b\u529b\u3002\u8fd9\u4e9b\u90fd\u4f1a\u6210\u4e3a<span>Level-3<\/span>\u7684\u52a8\u529b\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123355_58735.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><span><strong>&nbsp;<\/strong><\/span><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u4e3a\u4ec0\u4e48\u6bcf\u4e00\u6b21\u653f\u7b56\u653e\u677e\u90fd\u9700\u8981\u5230<\/strong><span><strong>Level-3<\/strong><\/span><strong>\uff0c\u7ecf\u6d4e\u589e\u901f\u624d\u80fd\u4f01\u7a33\uff1f<\/strong>\u5728\u7b14\u8005\u770b\u6765\uff0c\u6709\u4ee5\u4e0b\u4e09\u4e2a\u539f\u56e0\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u9996\u5148\uff0c\u4ece<span>GDP<\/span>\u7684\u6784\u6210\u6765\u770b\u3002<span>GDP<\/span>\u5305\u62ec\u6d88\u8d39\uff0c\u51fa\u53e3\u548c\u6295\u8d44\u3002\u6d88\u8d39\u901a\u5e38\u6bd4\u8f83\u7a33\u5b9a\uff0c\u4e0d\u4f1a\u5927\u6da8\u5927\u8dcc\u3002\u51fa\u53e3\u4e3b\u8981\u548c\u5168\u7403\u9700\u6c42\u6709\u5173\uff0c\u96be\u4ee5\u76f4\u63a5\u8c03\u63a7\u3002\u800c\u6295\u8d44\u4e3b\u8981\u7531\u5236\u9020\u4e1a\u6295\u8d44\uff0c\u57fa\u5efa\u6295\u8d44\u548c\u623f\u5730\u4ea7\u6295\u8d44\u4e09\u90e8\u5206\u6784\u6210\u3002\u8fd9\u5176\u4e2d\uff0c\u5236\u9020\u4e1a\u6295\u8d44\u589e\u901f\uff0c\u591a\u5e74\u6765\u5448\u7ed3\u6784\u6027\u7684\u4e0b\u884c\u8d8b\u52bf\u3002\u8fd9\u65f6\uff0c\u5c31\u53ea\u5269\u4e0b\u57fa\u5efa\u548c\u5730\u4ea7\u53ef\u4ee5\u6210\u4e3a<span> Level-3<\/span>\u7684\u6293\u624b\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5176\u6b21\uff0c\u4ece\u8d44\u91d1\u7684\u4f9b\u7ed9\u548c\u9700\u6c42\u6765\u770b\u3002<span>Level-1<\/span>\uff0c\u6bd4\u5982<span>2018<\/span>\u5e74\u4e0b\u534a\u5e74\uff0c\u7531\u4e8e\u4fe1\u8d37\u653f\u7b56\u4ecd\u7136\u504f\u7d27\uff0c\u8d44\u91d1\u4f9b\u7ed9\u662f\u4e3b\u8981\u74f6\u9888\u3002\u6362\u8a00\u4e4b\uff0c\u4f01\u4e1a\u60f3\u8981\u501f\u94b1\u4f46\u501f\u4e0d\u5230\u94b1\u3002\u4f46\u5230\u4e86<span>Level-2<\/span>\uff0c\u4fe1\u8d37\u653f\u7b56\u5df2\u7ecf\u653e\u677e\uff0c\u4f46\u7ecf\u6d4e\u8d70\u5f31\u5bfc\u81f4\u8d37\u6b3e\u9700\u6c42\u4e0b\u964d\uff0c\u8d44\u91d1\u9700\u6c42\u53d8\u6210\u4e3b\u8981\u74f6\u9888\u3002<strong>\u8fd9\u65f6\u8868\u9762\u4e0a\u770b\u662f\u8d27\u5e01\u653f\u7b56\u4f20\u5bfc\u7684\u5835\u585e\uff0c\u4f46\u5b9e\u9645\u4e0a\u662f\u7ecf\u6d4e\u4e2d\u7f3a\u4e4f\u6709\u6548\u9700\u6c42\u3002<\/strong><span><strong>Level-3<\/strong><\/span><strong>\uff0c\u4e5f\u5c31\u662f\u57fa\u5efa\u6216\u5730\u4ea7\uff0c\u5b9e\u8d28\u662f\u5728\u7f3a\u5c11\u9700\u6c42\u7684\u60c5\u51b5\u4e0b\u6765\u4eba\u4e3a\u521b\u9020\u9700\u6c42\u3002<\/strong>\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\uff0c\u793e\u878d\u589e\u901f\u5f80\u5f80\u53ea\u6709\u5230\u4e86<span>Level-3<\/span>\u4e4b\u540e\uff0c\u624d\u80fd\u591f\u6301\u7eed\u4e0a\u5347\u3002\u6709\u4eba\u5c06\u6b64\u5f62\u5bb9\u4e3a<span>\u201c<\/span>\u5370\u94b1\u6551\u7ecf\u6d4e<span>\u201d<\/span>\uff0c\u4f46\u73b0\u5b9e\u662f\u5728\u57fa\u5efa\u548c\u5730\u4ea7\u5e26\u6765\u7684\u4fe1\u8d37\u9700\u6c42\u4e0b\uff0c\u94b1\u624d\u201c\u5370\u201d\u4e86\u51fa\u6765\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u7b2c\u4e09\uff0c\u4ece\u7ecf\u6d4e\u7684\u8fd0\u884c\u89c4\u5f8b\u6765\u770b\u3002\u7ecf\u6d4e\u8fd0\u884c\u53d7\u5230\u9884\u671f\u7684\u5f71\u54cd\u975e\u5e38\u5927\uff0c\u4e5f\u5c31\u662f\u51ef\u6069\u65af\u6240\u8bf4\u7684\u201c\u52a8\u7269\u7cbe\u795e\u201c\uff08<span>animal spirit<\/span>\uff09\u3002\u5728\u7ecf\u6d4e\u5904\u4e8e\u4e0b\u884c\u671f\u7684\u65f6\u5019\uff0c\u4eba\u4eec\u5bf9\u4e8e\u672a\u6765\u7684\u9884\u671f\u4e5f\u8d8b\u4e8e\u60b2\u89c2\uff0c\u5bf9\u98ce\u9669\u7684\u538c\u6076\u4e0a\u5347\uff0c\u8fd9\u65f6\u4e0d\u8bba\u662f\u6295\u8d44\u8fd8\u662f\u6d88\u8d39\u90fd\u8d8b\u4e8e\u8c28\u614e\uff0c\u4ece\u800c\u8fdb\u4e00\u6b65\u52a0\u5927\u7ecf\u6d4e\u4e0b\u884c\u7684\u538b\u529b\u3002<strong>\u51ef\u6069\u65af\u7ecf\u6d4e\u5b66\u7684\u6838\u5fc3<\/strong>\uff0c<strong>\u5c31\u662f\u9884\u671f\u7684\u81ea\u6211\u5b9e\u73b0<\/strong>\u3002\u8fd9\u4e2a\u65f6\u5019\uff0c\u5e38\u89c4\u653f\u7b56\u5982\u964d\u606f\u7684\u4f5c\u7528\u662f\u53d7\u9650\u7684\uff0c\u56e0\u4e3a\u540d\u4e49\u5229\u7387\u7684\u4e0b\u964d\u4e0d\u8db3\u4ee5\u5bf9\u51b2\u98ce\u9669\u6ea2\u4ef7\u7684\u4e0a\u5347\uff0c\u6781\u7aef\u60c5\u51b5\u4e0b\u4f1a\u51fa\u73b0\u8d27\u5e01\u653f\u7b56\u5b8c\u5168\u5931\u6548\u7684<span>\u201c<\/span>\u6d41\u52a8\u6027\u9677\u9631<span>\u201d<\/span>\u3002\u8fd9\u65f6\uff0c\u5c31\u9700\u8981\u653f\u5e9c\u6295\u8d44\u6765\u586b\u8865\u8fd9\u4e00\u5757\u7684\u7a7a\u767d\uff0c\u5c06\u7ecf\u6d4e\u62c9\u51fa\u87ba\u65cb\u5f0f\u4e0b\u884c\u7684\u6f29\u6da1\u3002\u6240\u4ee5\u51ef\u6069\u65af\u624d\u8ba4\u4e3a\uff0c\u653f\u5e9c\u6295\u8d44\u7684\u957f\u671f\u56de\u62a5\u662f\u6b21\u8981\u7684\uff0c\u6700\u91cd\u8981\u7684\u662f\u80fd\u5426\u5f25\u8865\u5f53\u524d\u6709\u6548\u9700\u6c42\u7684\u4e0d\u8db3\uff0c\u4ece\u800c\u80fd\u591f\u907f\u514d\u7ecf\u6d4e\u9677\u5165\u4f4e\u6c34\u5e73\u7684\u9677\u9631\u3002<strong>\u957f\u671f\u56fa\u7136\u91cd\u8981\uff0c\u4f46\u73b0\u5728\u66f4\u91cd\u8981\u3002<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123405_52460.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u4e94\u7ae0\uff1a\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u5236\u5ea6\u57fa\u7840\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u201c\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\u201d\u5bf9\u4e8e\u7ecf\u6d4e\u548c\u5e02\u573a\u7684\u89e3\u91ca\u529b\uff0c\u6765\u81ea\u5176\u80cc\u540e\u6df1\u523b\u7684\u65f6\u4ee3\u548c\u5236\u5ea6\u539f\u56e0\u3002<span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u65f6\u4ee3\u80cc\u666f\u6765\u770b\uff0c<span>08<\/span>\u5e74\u91d1\u878d\u5371\u673a\u4e4b\u540e\uff0c\u5168\u7403\u5404\u4e3b\u8981\u7ecf\u6d4e\u4f53\u90fd\u9762\u4e34\u589e\u957f\u548c\u901a\u80c0\u90fd\u957f\u671f\u4f4e\u8ff7\u7684\u60c5\u51b5\u3002\u8fd9\u65f6\uff0c<strong>\u4ee5\u589e\u957f\u548c\u901a\u80c0\u4e3a\u53d8\u91cf\u7684<\/strong><span><strong>\u201c<\/strong><\/span><strong>\u7f8e\u6797\u65f6\u949f<\/strong><span><strong>\u201c<\/strong><\/span><strong>\uff0c\u5931\u53bb\u4e86\u5e94\u7528\u4ef7\u503c\uff0c\u800c\u653f\u7b56\u4e00\u8dc3\u6210\u4e3a\u6700\u91cd\u8981\u7684\u53d8\u91cf\u3002<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u4e3a\u4ec0\u4e48\u8fc7\u53bb\u51e0\u5e74\uff0c\u6bcf\u5e74\u5e74\u521d\u7684\u5e02\u573a\u4e00\u81f4\u9884\u671f\uff0c\u6700\u540e\u90fd\u88ab\u8bc1\u660e\u662f\u9519\u7684\uff1f<\/strong>\u539f\u56e0\u5c31\u5728\u4e8e\uff0c\u5e02\u573a\u603b\u662f\u503e\u5411\u4e8e\u7ebf\u6027\u5916\u63a8\u8fc7\u53bb<span>6-12<\/span>\u4e2a\u6708\u7684\u60c5\u51b5\uff0c\u800c\u653f\u7b56\u603b\u662f\u9006\u98ce\u800c\u884c\uff08<span>lean against the wind<\/span>\uff09\u3002\u6bd4\u5982<span>2018<\/span>\u5e74\u521d\u5e02\u573a\u975e\u5e38\u4e50\u89c2\uff0c\u4f46\u653f\u7b56\u7d27\u7f29\u4e5f\u5f00\u59cb\u4e86\u3002\u800c<span>2019<\/span>\u5e74\u521d\u5e02\u573a\u975e\u5e38\u60b2\u89c2\uff0c\u4f46\u653f\u7b56\u5bbd\u677e\u4e5f\u4ece<span>Level-1<\/span>\u5230\u4e86<span>Level-2<\/span>\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u5236\u5ea6\u80cc\u666f\u6765\u770b\uff0c\u897f\u65b9\u4e3b\u8981\u7ecf\u6d4e\u4f53\uff0c\u5176\u5b8f\u89c2\u7ba1\u7406\u6846\u67b6\u7684\u57fa\u7840\uff0c\u5728\u4e8e\u8d22\u653f\u653f\u7b56\u548c\u8d27\u5e01\u653f\u7b56\u7684\u5728\u51b3\u7b56\u548c\u6267\u884c\u5c42\u9762\u7684\u5206\u7acb\u3002\u6bd4\u5982\u7f8e\u56fd\u7684\u8d22\u653f\u653f\u7b56\u7531\u653f\u5e9c\u63a8\u52a8\uff0c\u56fd\u4f1a\u901a\u8fc7\uff0c\u800c\u8d27\u5e01\u653f\u7b56\u7531\u62e5\u6709\u9ad8\u5ea6\u72ec\u7acb\u6027\u7684\u7f8e\u8054\u50a8\u5236\u5b9a\u548c\u6267\u884c\u3002\u800c\u6211\u56fd\u7684\u8d22\u653f\u653f\u7b56\u548c\u8d27\u5e01\u653f\u7b56\uff0c\u867d\u7136\u4e5f\u6709\u6267\u884c\u5c42\u9762\u7684\u5206\u7acb\uff0c\u4f46\u5728\u51b3\u7b56\u5c42\u9762\u662f\u4e00\u81f4\u7684\u3002<strong>\u4e2d\u56fd\u5b8f\u89c2\u7ba1\u7406\u6846\u67b6\u7684\u6838\u5fc3\uff0c\u4e0d\u662f\u8d22\u653f\u4e0e\u8d27\u5e01\u653f\u7b56\u7684\u5206\u7acb\uff0c\u800c\u662f\u4e2d\u592e\u4e0e\u5730\u65b9\u7684\u5173\u7cfb\uff0c\u662f\u201c\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743\u201d\u3002<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u4ece\u5386\u53f2\u6765\u770b\uff0c\u6539\u9769\u4e4b\u524d\u7684\u4e2d\u56fd\u5b8f\u89c2\u7ba1\u7406\u4f53\u5236\uff0c\u53ef\u4ee5\u8bf4\u662f\u201c\u8d22\u653f\u96c6\u6743\uff0c\u91d1\u878d\u96c6\u6743\u201d\u3002<span>1980<\/span>\u5e74\uff0c\u4e2d\u592e\u8d22\u653f\u652f\u51fa\u5360\u603b\u8d22\u653f\u652f\u51fa<span>54%<\/span>\uff08\u73b0\u5728\u5927\u6982<span>15%<\/span>\u5de6\u53f3\uff09\u3002\u800c\u5728\u5f88\u957f\u4e00\u6bb5\u65f6\u95f4\uff0c\u5168\u56fd\u53ea\u6709\u4e00\u5bb6\u94f6\u884c\uff0c\u4e5f\u5c31\u662f\u5784\u65ad\u6240\u6709\u91d1\u878d\u4e1a\u52a1\u7684\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\u3002\u6539\u9769\u7684\u8d77\u70b9\uff0c\u662f\u901a\u8fc7\u653e\u6743\u8ba9\u5229\u6765\u8c03\u52a8\u5404\u65b9\u79ef\u6781\u6027\u3002\u519c\u6751\uff0c\u4f01\u4e1a\uff0c\u8d22\u653f\uff0c\u91d1\u878d\uff0c\u83ab\u4e0d\u5982\u6b64\u3002\u53ef\u4ee5\u8bf4\uff0c<span>80-90<\/span>\u5e74\u4ee3\uff0c\u662f<span>\u201c<\/span>\u91d1\u878d\u5206\u6743\uff0c\u8d22\u653f\u5206\u6743<span>\u201d<\/span>\u7684\u5e74\u4ee3\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u8d22\u653f\u5206\u6743\u81ea<\/strong><span><strong>80<\/strong><\/span><strong>\u5e74\u4ee3\u5f00\u59cb<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123429_61950.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u8fd9\u4e48\u505a\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u5730\u65b9\u653f\u5e9c\u5728\u9884\u7b97\u8f6f\u7ea6\u675f\u4e0b\uff0c\u5f88\u96be\u907f\u514d\u201c\u6295\u8d44\u9965\u6e34\u75c7\u201d\u3002\u800c\u4e14\uff0c\u5730\u65b9\u653f\u5e9c\u901a\u8fc7\u5bf9\u91d1\u878d\u673a\u6784\u7684\u5f71\u54cd\u529b\uff0c\u53ef\u4ee5\u8ba9\u94f6\u884c\u4e3a\u6295\u8d44\u4e70\u5355\uff0c\u4e3a\u4e8f\u635f\u4f01\u4e1a\u53d1\u5de5\u8d44\u7b49\u7b49\u3002\u8fd9\u4e00\u65b9\u9762\u6076\u5316\u4e86\u94f6\u884c\u7684\u4fe1\u8d37\u8d28\u91cf\uff0c\u4e00\u65b9\u9762\u5f88\u5bb9\u6613\u5bfc\u81f4\u7ecf\u6d4e\u8fc7\u70ed\u3002<span>1988<\/span>\u5e74\u548c<span>1994<\/span>\u5e74\u53d1\u751f\u7684\u4e24\u8f6e\u9ad8\u901f\u901a\u8d27\u81a8\u80c0\uff0c\u90fd\u4e0e\u6b64\u6709\u5173\u3002\u6709\u9274\u4e8e\u6b64\uff0c<span>90<\/span>\u5e74\u4ee3\u7684\u4e00\u7cfb\u5217\u6539\u9769\u90fd\u91cd\u65b0\u6307\u5411\u4e86\u91d1\u878d\u96c6\u6743\uff0c\u5176\u4e2d\u5305\u62ec<span>1995<\/span>\u5e74\u901a\u8fc7\u300a\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\u6cd5\u300b\uff0c\u4ee5\u53ca<span>1998<\/span>\u5e74\u6210\u7acb\u4e2d\u592e\u91d1\u878d\u5de5\u59d4\uff0c\u8ba9\u91d1\u878d\u673a\u6784\u515a\u59d4\u540c\u5730\u65b9\u515a\u59d4\u8131\u94a9\uff0c\u4ece\u800c\u5b9e\u73b0\u91d1\u878d\u673a\u6784\u7684\u5782\u76f4\u9886\u5bfc\u4f53\u5236\u3002\u5230\u4e86<span>90<\/span>\u5e74\u4ee3\u540e\u671f\uff0c<span>\u201c<\/span>\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743<span>\u201d<\/span>\u9010\u6e10\u6210\u5f62\uff0c\u81f3\u4eca\u4ecd\u662f\u4e2d\u56fd\u5b8f\u89c2\u7ba1\u7406\u7684\u6838\u5fc3\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u8fd9\u4e2a\u4f53\u5236\u5728\u8fc7\u53bb<span>20<\/span>\u5e74\u4e2d\uff0c\u4e5f\u5728\u4e0d\u65ad\u7684\u53d1\u5c55\u4e4b\u4e2d\uff0c\u4e3b\u8981\u662f\u589e\u52a0\u4e86\u571f\u5730\u8d22\u653f\u548c\u878d\u8d44\u5e73\u53f0\u7684\u5185\u5bb9\u3002\u9996\u5148\uff0c\u571f\u5730\u8d22\u653f\u5728\u672c\u4e16\u7eaa\u521d\u4ee5\u6765\u8fc5\u901f\u53d1\u5c55\uff0c\u5730\u65b9\u653f\u5e9c\u4f7f\u7528\u571f\u5730\u4f5c\u4e3a\u62b5\u62bc\u54c1\uff0c\u4ee5<span>\u201c<\/span>\u571f\u6839<span>\u201d<\/span>\u64ac\u52a8<span>\u201c<\/span>\u94f6\u6839<span>\u201d<\/span>\u3002\u5176\u6b21\uff0c\u4ece<span>2008<\/span>\u5e74<span>\u201c<\/span>\u56db\u4e07\u4ebf<span>\u201d<\/span>\u5230<span>2018<\/span>\u5e74<span>\u201c<\/span>\u53bb\u6760\u6746<span>\u201d<\/span>\uff0c\u8fd9<span>10<\/span>\u5e74\u91cc\u5730\u65b9\u878d\u8d44\u5e73\u53f0\u4e0e\u5f71\u5b50\u94f6\u884c\u4e0d\u65ad\u505a\u5927\u3002\u4f46\u5176\u672c\u6e90\uff0c\u4ecd\u7136\u662f<span>\u201c<\/span>\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743<span>\u201d<\/span>\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u201c\u8d22\u653f\u5206\u6743\u201d\u7684\u597d\u5904\u5728\u4e8e\uff0c\u4e2d\u56fd\u5e45\u5458\u5e7f\u9614\uff0c\u5404\u5730\u7ecf\u6d4e\u53d1\u5c55\u9636\u6bb5\u53c8\u5f88\u4e0d\u4e00\u6837\uff0c\u5730\u65b9\u653f\u5e9c\u62e5\u6709\u66f4\u591a\u548c\u66f4\u51c6\u786e\u7684\u5728\u5730\u4fe1\u606f\uff08<span>local knowledge<\/span>\uff09\uff0c\u6240\u4ee5\u5206\u6743\u662f\u80fd\u591f\u6539\u8fdb\u6548\u7387\u7684\u3002\u53e6\u5916\uff0c<span>\u201c<\/span>\u8d22\u653f\u5206\u6743<span>\u201d<\/span>\u80fd\u591f\u8ba9\u5730\u65b9\u5b98\u5458\u5c31\u8d22\u653f\u6536\u5165\u548c\u7ecf\u6d4e\u589e\u957f\u5c55\u5f00\u7ade\u4e89\u3002\u51fa\u4e8e\u8d22\u653f\u6536\u5165\u8003\u8651\uff0c\u5730\u65b9\u653f\u5e9c\u6709\u5f88\u5f3a\u7684\u52a8\u529b\u5438\u5f15\u548c\u4fdd\u62a4\u4ea4\u7a0e\u591a\u7684\u4f01\u4e1a\uff0c\u8fd9\u5f25\u8865\u4e86\u4ea7\u6743\u548c\u6cd5\u5f8b\u65b9\u9762\u7684\u4e0d\u8db3\u3002\u800c<span>\u201c<\/span>\u91d1\u878d\u96c6\u6743<span>\u201c<\/span>\u5219\u80fd\u591f\u6709\u6548\u904f\u5236\u5730\u65b9\u653f\u5e9c\u7684<span>\u201d<\/span>\u6295\u8d44\u9965\u6e34\u75c7<span>\u201c<\/span>\uff0c<span>94<\/span>\u5e74\u4e4b\u540e\u4e2d\u56fd\u518d\u4e5f\u6ca1\u6709\u53d1\u751f\u8fbe\u5230\u4e24\u4f4d\u6570\u7684\u9ad8\u901f\u901a\u80c0\uff0c\u91d1\u878d\u673a\u6784\u7684\u8d44\u4ea7\u8d28\u91cf\u548c<span>90<\/span>\u5e74\u4ee3\u76f8\u6bd4\u4e5f\u5927\u5e45\u6539\u5584\u3002<span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u201c\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743\u201d\u4e24\u8005\u76f8\u8f85\u76f8\u6210\uff0c\u5728\u6fc0\u52b1\u548c\u7ea6\u675f\u4e0a\u53d6\u5f97\u76f8\u5bf9\u5e73\u8861\uff0c\u662f\u8fc7\u53bb<span>20<\/span>\u5e74\u4e2d\u56fd\u7ecf\u6d4e\u8d77\u98de\u7684\u91cd\u8981\u57fa\u77f3\u3002\u53e6\u5916\uff0c<strong>\u5fc5\u8981\u65f6\u80fd\u591f\u6253\u901a\u8d22\u653f\u548c\u91d1\u878d\uff08<\/strong><span><strong>Level-3<\/strong><\/span><strong>\uff09\uff0c\u80fd\u591f\u5728\u77ed\u65f6\u95f4\u5185\u5c55\u5f00\u5f3a\u523a\u6fc0\uff0c\u4e5f\u5e2e\u52a9\u4e2d\u56fd\u7ecf\u6d4e\u5728<\/strong><span><strong>08<\/strong><\/span><strong>\u5e74\u91d1\u878d\u5371\u673a\u540e\u7684\u5341\u51e0\u5e74\u91cc\uff0c\u6210\u529f\u5ea6\u8fc7\u4e86\u4e09\u6b21\u7ecf\u6d4e\u4e0b\u884c\u538b\u529b\u5f88\u5927\u7684\u65f6\u671f\uff08<\/strong><span><strong>08<\/strong><\/span><strong>\u5e74\uff0c<\/strong><span><strong>12<\/strong><\/span><strong>\u5e74\uff0c<\/strong><span><strong>15<\/strong><\/span><strong>\u5e74\uff09\u3002<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u540c\u65f6\u9700\u8981\u6307\u51fa\u7684\u662f\uff0c\u653f\u7b56\u5bbd\u677e\u5728\u6211\u56fd\u5e76\u6ca1\u6709\u5e38\u6001\u5316\u3002\u6bcf\u6b21\u7ecf\u6d4e\u4f01\u7a33\u56de\u5347\u4e4b\u540e\uff0c\u523a\u6fc0\u653f\u7b56\u90fd\u4f1a\u8fc5\u901f\u9000\u51fa\u3002\u5728<span>08<\/span>\u5e74\u4e4b\u540e\uff0c\u53d1\u751f\u4e86\u4e09\u6b21\u8fd9\u6837\u7684\u653f\u7b56\u5468\u671f\u3002<span>08<\/span>\u5e74\u4e4b\u540e\u5168\u7403\u7ecf\u6d4e\u7684\u4e09\u8d77\u4e09\u843d\uff0c\u5f88\u5927\u7a0b\u5ea6\u4e0a\u6e90\u81ea\u4e2d\u56fd\u653f\u7b56\u7684\u4e09\u653e\u4e09\u6536\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>08<\/strong><\/span><span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u5e74\u4ee5\u540e\u5168\u7403\u7ecf\u6d4e\u4e09\u8d77\u4e09\u843d<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <img decoding=\"async\" src=\"http:\/\/www.chinacef.cn\/public\/editor\/attached\/image\/20200519\/20200519123438_32526.png\" alt=\"\u80e1\u4f1f\u4fca\u4e28\u4e2d\u56fd\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\" \/> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5f53\u7136\uff0c\u4efb\u4f55\u5236\u5ea6\u90fd\u4e0d\u662f\u5341\u5168\u5341\u7f8e\u7684\u3002\u201c\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743\u201d\u7684\u95ee\u9898\u5728\u4e8e\uff0c\u6253\u901a\u91d1\u878d\u4e0e\u8d22\u653f\uff0c\u4e3b\u8981\u8fd8\u662f\u57fa\u4e8e\u884c\u653f\u624b\u6bb5\uff0c\u65e0\u6cd5\u901a\u8fc7\u50cf\u5229\u7387\u8fd9\u6837\u7684\u5e02\u573a\u5316\u7684\u624b\u6bb5\u6765\u8c03\u63a7\uff0c\u56e0\u6b64\u5b9e\u8df5\u4e2d\u5f88\u96be\u89e3\u51b3\u201c\u4e00\u653e\u5c31\u4e71\uff0c\u4e00\u6536\u5c31\u6b7b\u201c\u7684\u95ee\u9898\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48\u7b14\u8005\u4f7f\u7528\u4e09\u9636\u6bb5\u6765\u63cf\u8ff0\uff0c\u56e0\u4e3a\u73b0\u5b9e\u4e2d\u8fd9\u4e0d\u662f\u4e00\u4e2a\u8fde\u7eed\u7684\u8fc7\u7a0b\uff0c\u800c\u662f\u968f\u7740\u653f\u7b56\u53d8\u5316\u800c\u4e0d\u65ad\u8df3\u8dc3\u7684\u72b6\u6001\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><strong>\u7b2c\u516d\u7ae0\uff1a\u4ece\u201c\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743\u201d\u770b\u8d22\u653f\u8d64\u5b57\u8d27\u5e01\u5316\u548c\u6760\u6746\u7387\u7684\u8ba8\u8bba<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u201c\u8d22\u653f\u8d64\u5b57\u8d27\u5e01\u5316\u201d\u662f\u6700\u8fd1\u70ed\u8bae\u7684\u8bdd\u9898\uff0c\u4f46\u5b9e\u8df5\u65e9\u5df2\u8d70\u5728\u524d\u9762\u3002\u4e0d\u7ba1\u662f\u964d\u51c6\u7ed9\u5546\u4e1a\u94f6\u884c\u53bb\u5b9a\u5411\u8d2d\u4e70\u4e13\u9879\u503a\uff1b\u6216\u662f\u901a\u8fc7\u5982<span>PSL<\/span>\u8fd9\u6837\u7684\u592e\u884c\u518d\u8d37\u6b3e\uff0c\u7ecf\u7531\u653f\u7b56\u6027\u94f6\u884c\u652f\u6301\u68da\u6539\u8d27\u5e01\u5316\uff1b\u53c8\u6216\u662f\u5546\u4e1a\u94f6\u884c\u901a\u8fc7\u8868\u5185\u6216\u8868\u5916\u4e1a\u52a1\uff0c\u8d37\u6b3e\u7ed9\u5730\u65b9\u878d\u8d44\u5e73\u53f0\u3002<strong>\u8fd9\u4e9b\u63aa\u65bd\u548c\u592e\u884c\u76f4\u63a5\u5728\u4e00\u7ea7\u5e02\u573a\u4e0a\u4e70\u653f\u5e9c\u503a\u5238\u76f8\u6bd4\uff0c\u6709\u7a0b\u5ea6\u7684\u5dee\u5f02\uff0c\u4f46\u90fd\u662f\u6253\u901a\u8d22\u653f\u548c\u8d27\u5e01\u7684\u4e0d\u540c\u9014\u5f84\u3002<\/strong><span> <\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u5728\u6211\u56fd\u7684\u5236\u5ea6\u73af\u5883\u4e0b\uff0c\u8d22\u653f\u8d64\u5b57\u662f\u5426\u5e94\u8be5\u8d27\u5e01\u5316\uff0c\u91cd\u70b9\u4e0d\u662f\u897f\u65b9\u5236\u5ea6\u4e0b\u7684\u6253\u901a\u8d22\u653f\u548c\u8d27\u5e01\uff0c\u800c\u9700\u8981\u4ece\u4e2d\u56fd\u7279\u6709\u7684\u4e2d\u592e\u548c\u5730\u65b9\u5173\u7cfb\u6765\u770b\u8fd9\u4e2a\u95ee\u9898\u3002\u592e\u884c\u8d27\u5e01\u5316\u8d64\u5b57\uff0c\u540c\u8fc7\u53bb<span>Level-3<\/span>\u7684\u91cd\u8981\u5dee\u5f02\u5728\u4e8e\uff0c\u524d\u8005\u4e3b\u8981\u662f\u4e2d\u592e\u8d22\u653f\u82b1\u94b1\uff0c\u6216\u8005\u8bf4<span>\u201c<\/span>\u8d22\u653f\u96c6\u6743<span>\u201d<\/span>\uff1b\u800c\u540e\u8005\u4e3b\u8981\u662f\u5730\u65b9\u653f\u5e9c\u82b1\u94b1\u3002<span>\u201c<\/span>\u8d22\u653f\u96c6\u6743<span>\u201d<\/span>\u7684\u662f\u597d\u5904\u662f\uff0c\u53ef\u4ee5\u907f\u514d\u5730\u65b9\u653f\u5e9c\u9884\u7b97\u8f6f\u7ea6\u675f\u7684\u5f0a\u75c5\uff0c\u4f46\u5bb9\u6613\u51fa\u73b0<span>\u201c<\/span>\u8dd1\u90e8\u94b1\u8fdb<span>\u201d\u201c<\/span>\u6492\u80e1\u6912\u9762<span>\u201d<\/span>\u7684\u95ee\u9898\u3002\u800c\u4e14\uff0c\u4ece\u6548\u7387\u548c\u6fc0\u52b1\u6765\u770b\uff0c\u4ece\u6539\u9769\u524d\u540e\u7684\u5386\u53f2\u6765\u770b\uff0c\u8d22\u653f\u5206\u6743\u90fd\u4f18\u4e8e\u96c6\u6743\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u53e6\u5916\uff0c\u65e0\u987b\u8bb3\u8a00\uff0c\u201c\u91d1\u878d\u96c6\u6743\uff0c\u8d22\u653f\u5206\u6743\u201d\u548c\u63a7\u5236\u5730\u65b9\u653f\u5e9c\u6760\u6746\u7387\u5b58\u5728\u51b2\u7a81\u3002\u4f46\u7b14\u8005\u4e00\u76f4\u8ba4\u4e3a\uff0c\u5728\u4e2d\u56fd\u7684\u5236\u5ea6\u73af\u5883\u4e0b\uff0c\u653f\u5e9c\u6760\u6746\u7387\u548c\u7cfb\u7edf\u6027\u91d1\u878d\u98ce\u9669\u5173\u7cfb\u4e0d\u5927\uff08\u4e2d\u56fd\u503a\u52a1\u865a\u4e0e\u5b9e\uff0c<span>2016<\/span>\u5e74<span>6<\/span>\u6708\uff09\u3002\u5177\u4f53\u6765\u8bf4\uff0c\u5728<span>\u201c<\/span>\u8d22\u653f\u5206\u6743<span>\u201d<\/span>\u4e0b\uff0c\u533a\u5206\u4e2d\u592e\u548c\u5730\u65b9\u503a\u52a1\u7684\u610f\u4e49\u5e76\u4e0d\u5927\uff1b\u800c\u5728<span>\u201c<\/span>\u91d1\u878d\u96c6\u6743<span>\u201d<\/span>\u4e0b\uff0c\u91d1\u878d\u673a\u6784\u51fa\u73b0\u6d41\u52a8\u6027\u5371\u673a\u7684\u53ef\u80fd\u51e0\u4e4e\u4e3a\u96f6\u3002<strong>\u503a\u52a1\u4e0e\u5176\u8bf4\u662f\u95ee\u9898\u672c\u8eab\uff0c\u4e0d\u5982\u8bf4\u662f\u95ee\u9898\u7684\u8868\u73b0\uff0c\u771f\u6b63\u7684\u95ee\u9898\u5728\u4e8e\u7ed3\u6784\u6027\u7684\u6709\u6548\u9700\u6c42\u4e0d\u8db3\u3002<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u7b14\u8005\u66f4\u62c5\u5fc3\u7684\u662f\uff0c\u201c\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\u201d\u5bf9\u4e8e\u73b0\u6709\u571f\u5730\u5236\u5ea6\u548c\u91d1\u878d\u4f53\u7cfb\u7684\u8def\u5f84\u4f9d\u8d56\uff0c\u4f7f\u4e00\u4e9b\u91cd\u8981\u7684\u5e02\u573a\u5316\u6539\u9769\u5f88\u96be\u63a8\u8fdb\uff0c\u5982\u571f\u5730\u6539\u9769\u548c\u91d1\u878d\u5f00\u653e\u7b49\u3002\u800c\u7ecf\u6d4e\u4e2d\u7684\u67d0\u4e9b\u9886\u57df\u5e02\u573a\u5316\u4e0d\u591f\uff0c\u6b63\u662f\u7f3a\u4e4f\u6709\u6548\u9700\u6c42\u7684\u91cd\u8981\u539f\u56e0\uff08\u53e6\u4e00\u4e2a\u539f\u56e0\u662f\u5168\u7403\u7ecf\u6d4e\u957f\u671f\u4f4e\u8ff7\uff09\u3002\u4f46\u7ed9\u5b9a\u6709\u6548\u9700\u6c42\u4e0d\u8db3\uff0c\u6216\u8005\u9047\u5230\u50cf\u65b0\u51a0\u75ab\u60c5\u8fd9\u6837\u7684\u5929\u707e\uff0c\u5728\u5fc5\u8981\u65f6\u4f7f\u7528\u6253\u901a\u8d22\u653f\u548c\u91d1\u878d\u7684<span>Level-3<\/span>\uff0c\u4e5f\u662f\u4e0d\u80fd\u6392\u9664\u7684\u9009\u9879\u3002<strong>\u5728\u7b14\u8005\u770b\u6765\uff0c\u7406\u60f3\u7684\u505a\u6cd5\u662f\u5c0a\u91cd\u73b0\u5b9e\u3002\u9996\u5148\u662f\u5728\u8d22\u653f\u5206\u6743\u4e0b\uff0c\u7edd\u5927\u90e8\u5206\u57fa\u5efa\u7531\u5730\u65b9\u653f\u5e9c\u627f\u62c5\u7684\u73b0\u5b9e\u3002\u5176\u6b21\u662f\u4e3a\u4e86\u5e94\u5bf9\u7ecf\u6d4e\u4e0b\u884c\uff0c\u9700\u8981\u52a0\u6760\u6746\u7684\u73b0\u5b9e\u3002\u4e0d\u8bba\u8fd9\u4e9b\u6760\u6746\u662f\u4e2d\u592e\u503a\u52a1\u8fd8\u662f\u5730\u65b9\u503a\u52a1\uff0c\u662f\u9690\u6027\u503a\u52a1\u8fd8\u662f\u663e\u6027\u503a\u52a1\uff0c\u672c\u8d28\u4e0a\u5dee\u522b\u5e76\u4e0d\u5927\u3002<\/strong><span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u6700\u540e\uff0c\u7b14\u8005\u60f3\u8bf4\u7684\u662f\uff0c\u7ecf\u6d4e\u5b66\u4e0d\u662f\u81ea\u7136\u79d1\u5b66\uff0c\u5e76\u4e0d\u5b58\u5728\u653e\u4e4b\u56db\u6d77\u800c\u7686\u51c6\u7684\u771f\u7406\u3002\u76f8\u53cd\uff0c\u7ecf\u6d4e\u7406\u8bba\u79bb\u4e0d\u5f00\u7279\u5b9a\u7684\u65f6\u4ee3\u80cc\u666f\u3002<span>08<\/span>\u5e74\u91d1\u878d\u5371\u673a\u540e\u7684\u5341\u591a\u5e74\uff0c\u5168\u7403\u7ecf\u6d4e\u7684\u6709\u6548\u9700\u6c42\u957f\u671f\u4e0d\u8db3\uff0c\u901a\u7f29\u538b\u529b\u8fdc\u5927\u4e8e\u901a\u80c0\uff0c\u8fd9\u4e00\u70b9\u548c\u8bde\u751f\u4e86\u51ef\u6069\u65af\u7ecf\u6d4e\u5b66\u7684\u4e0a\u4e16\u7eaa<span>30<\/span>\u5e74\u4ee3\u975e\u5e38\u76f8\u4f3c\u3002\u51ef\u6069\u65af\u7ecf\u6d4e\u5b66\u4e43\u81f3<span>MMT<\/span>\u5728\u8fd9\u6837\u7684\u73af\u5883\u4e0b\uff0c\u5c31\u663e\u5f97\u5f88\u6709\u89e3\u91ca\u529b\u3002\u8fd9\u4e5f\u662f\u4e3a\u4ec0\u4e48<span>MMT<\/span>\u5728\u5e02\u573a\u4e0a\u7684\u5f71\u54cd\u529b\u8d8a\u6765\u8d8a\u5927\u7684\u539f\u56e0\uff0c\u56e0\u4e3a\u5e02\u573a\u6700\u5173\u5fc3\u7684\u4e0d\u662f\u5177\u4f53\u7684\u5b66\u6d3e\u4e4b\u4e89\uff0c\u800c\u662f\u9884\u6d4b\u7684\u7ed3\u679c\u662f\u5426\u51c6\u786e\u3002<span><\/span><\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\"><br \/> <\/span> <\/p>\n<p style=\"text-indent:24.0pt;\"> <span style=\"font-size:12.0pt;line-height:150%;\">\u540c\u65f6\uff0c\u7ecf\u6d4e\u7406\u8bba\u4e5f\u79bb\u4e0d\u5f00\u7279\u5b9a\u7684\u5236\u5ea6\u80cc\u666f\u3002\u6559\u79d1\u4e66\u4e0a\u7684\u5b8f\u89c2\u7ecf\u6d4e\u5b66\uff0c\u662f\u57fa\u4e8e\u897f\u65b9\u4e3b\u8981\u7ecf\u6d4e\u4f53\u4e2d\uff0c\u8d22\u653f\u4e0e\u8d27\u5e01\u653f\u7b56\u5206\u7acb\u7684\u5236\u5ea6\u3002\u4f46\u5728\u6211\u56fd\u7684\u5236\u5ea6\u4e0b\uff0c\u57fa\u4e8e\u201c\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743\u201d\u7684\u653f\u7b56\u653e\u677e\u4e09\u9636\u6bb5\uff08<span>1.<\/span>\u5fae\u8c03\uff1b<span>2.<\/span>\u5e38\u89c4\u7684\u8d27\u5e01\u548c\u8d22\u653f\u653f\u7b56\uff1b<span>3.<\/span>\u6253\u901a\u8d22\u653f\u4e0e\u8d27\u5e01\u7684\u5730\u4ea7\u4e0e\u57fa\u5efa\uff09\u7684\u5b8f\u89c2\u7ecf\u6d4e\u5b66\uff0c\u53ef\u80fd\u66f4\u52a0\u7b26\u5408\u73b0\u5b9e\uff0c\u800c\u4e14\u65b0\u7684\u6846\u67b6\u5bf9\u4e8e\u7ecf\u6d4e\u548c\u5e02\u573a\u4e5f\u6709\u66f4\u5f3a\u7684\u89e3\u91ca\u529b\u3002<span><\/span><\/span> <\/p>\n<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u6587\u7ae0\u90e8\u5206\u7ae0\u8282\u7ffb\u8bd1\u81ea\u4eca\u5e745\u67084\u65e5\u53d1\u8868\u7684\u82f1\u6587\u62a5\u544a\u201cWhere are we in the market cycle...<\/p>\n<p class=\"more-link-wrap\"><a href=\"\/\/m.catawbaoil.com\/251119.html\" class=\"more-link\">Read More<span class=\"screen-reader-text\"> &ldquo;\u80e1\u4f1f\u4fca\u4e28X\u5f0f\u6295\u8d44\u65f6\u949f\u7684\u6838\u5fc3\uff1a\u8d22\u653f\u5206\u6743\uff0c\u91d1\u878d\u96c6\u6743&rdquo;<\/span> &raquo;<\/a><\/p>\n","protected":false},"author":22,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[10680],"tags":[],"class_list":["post-251119","post","type-post","status-publish","format-standard","hentry","category-10680"],"_links":{"self":[{"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/posts\/251119"}],"collection":[{"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/comments?post=251119"}],"version-history":[{"count":0,"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/posts\/251119\/revisions"}],"wp:attachment":[{"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/media?parent=251119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/categories?post=251119"},{"taxonomy":"post_tag","embeddable":true,"href":"\/\/m.catawbaoil.com\/wp-json\/wp\/v2\/tags?post=251119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}