???????????????????????????2??10????????????????????? ?(????????????????“?????????”)10?????????,2025??????????????1???????????(PMI)??48.7%,?????,??????????????
???????,??????????,????,1??PMI?????????2.1%,????48.7%???,??“??????????????”?????????????????,?????????????
?????,???6?????????????,???????????5.6%?????????????51.7%,????,???????,??,??????????
?,?,????????????,????
??????,????1??????????????????????(NMI),??27?????????????????,?????????????????????????1???,?????????????,????????????1.5%???????55%,?????(????) ???:??
?????????????????????
????????????:????????
???????????????????
????????????16??????
??????FIFA48??:?????????
?????????????????????
??????GM??:???????????
????????????????????
????????????:?????????
??:??????????
????????????:????????????
??:?????????25????1???
????????????????????!
?????????????????????
?????????????????????
?????????????????????
????????????????????
?????????????????????
??:??????????
?????????????????????
????????????:?????
??????????????????
MSCI??????????“??”????
???????(?)“??”“??”“??”????…
????3???????