?,???
2024???12??????????2025?????????????????1??????????,?????????????????????????,???????????
«???»?????????,???????????????????????????????????????????????????????????????????
?????????????,?(www.thepaper.cn)??????,?,?,?????????????
????????????
2025???1??3?,?,2024????????????12???28???????????????????30?????????,???????????????????????????????????,????????????????????,???????????,????????????????,???????????????????,?
???,2024??????????????????12??2025?????????1???????,?????,????????????,????????????????????????????,???????????????
2025??????????????1?21???23???????,???????,?,??,???????????????,???????????????????????????????????????????,?????????????????????????,??????????,???????????,???????
???????????,2024???12?2025????????????????????????1?,?????????????????????????,???????????????????????,??????????,???????????,??
2024?????????12???????????28????????,???????,???407?,?,????2024???????????????12??????????29?,?,???????,?????????????????????“??????????”?
2024???????????12?????????????????????????????29?????????????,??????????????????,?????????2024?????????????????????????12?30??????,???????
??????????????????,2025?1???????11????????????12???????????,??????????????????????,???????????????????,??????????????“?”“?????”???????????????“????????”?
????????????,????
?????????,??
?“2024??12?28???407???”??????,2025?2???5????6????????,????????????:“??????????(???????????)????????????????110,?,???????????,?,??????(???)?????????????????”
??????????,??,?????,??????,???????????????????,??????????,????????
2??????????????????????5??,?,???????????????,??????????????????1??????????????????????20????????????????????,??????,???????????????????,??????????,?????????,???????????????????,???????????????????
??????????????,???????????????2???8???????????,?(?????????????????)???????????????????????:“?????????????????????,??,?????????????????,???????????????????”
2?????????????????8????????,????????????????,????:“(?)??????,????????,??????”??????????,?,??????????“2024?????????12?,?????????,??,???????????”??????????
??????????????,???????????,?,????????,??????,????????,????:“?,?10????????5???,??????,????????,??????15???????,??”
?? ?????? ??? ??? ?????????
?????????:?????? ????????:?????
???????????????:?????????
??????????????????????
??:??????????
????????????:???????
??????????????????
??:??????????
?????????10?????10????
??????GM??:???????????
????????????????????
??:??????????????????
?????:??&????????????
????????????:????????
????3???????7.2%
??????H-1B??????????????
??:??????????????????
MSCI??????????“??”????
?????????10?????10????
???????????????????
??????10???6????4??????
?????????????????????
??????????????PMI????
???????????10????????
????????????:?????
????????????????or??????
???COS??????????:?????