{"id":15022,"date":"2026-04-13T09:07:01","date_gmt":"2026-04-13T01:07:01","guid":{"rendered":"https:\/\/www.novel086.top\/index.php\/2026\/04\/13\/zhongdongzhanzhengdaozhizhongguowujiashangzhang\/"},"modified":"2026-04-13T09:07:01","modified_gmt":"2026-04-13T01:07:01","slug":"zhongdongzhanzhengdaozhizhongguowujiashangzhang","status":"publish","type":"post","link":"https:\/\/www.novel086.top\/index.php\/2026\/04\/13\/zhongdongzhanzhengdaozhizhongguowujiashangzhang\/","title":{"rendered":"\u4e2d\u4e1c\u6218\u4e89\u5bfc\u81f4\u4e2d\u56fd\u7269\u4ef7\u4e0a\u6da8\u00a0"},"content":{"rendered":"<address>KEITH BRADSHER<\/address>\n<p><time datetime=\"2026-04-13 08:36:55\">2026\u5e744\u670813\u65e5<\/time><\/p>\n<figure><img data-opt-id=912427215  fetchpriority=\"high\" decoding=\"async\" src=\"https:\/\/images.weserv.nl\/?url=static01.nyt.com\/images\/2026\/04\/10\/business\/10Biz-China-Deflation\/10Biz-China-Deflation-master1050.jpg\" width=\"1050\" height=\"700\" \/><figcaption>\u4e2d\u56fd\u91cd\u5e86\u7684\u4e00\u5bb6\u6c7d\u8f66\u5de5\u5382\u3002\u6279\u53d1\u4ef7\u683c\u6301\u7eed\u4e0b\u8dcc\u5df2\u8feb\u4f7f\u6210\u5343\u4e0a\u4e07\u7684\u5236\u9020\u5546\u4ee5\u8d8a\u6765\u8d8a\u4f4e\u7684\u4ef7\u683c\u51fa\u552e\u5546\u54c1\u3002 <cite>Wang Jiaxi\/VCG, via Getty 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href=\"https:\/\/cn.nytimes.com\/business\/20250723\/china-involution-competition-deflation\/https:\/\/cn.nytimes.com\/business\/20250723\/china-involution-competition-deflation\/\">\u8d8a\u6765\u8d8a\u4f4e\u7684\u4ef7\u683c<\/a>\u51fa\u552e\u5546\u54c1\u3002\u4e2d\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u4e5f\u505c\u6ede\u4e0d\u524d\uff0c\u5076\u5c14\u8fd8\u4f1a\u4e0b\u8dcc\uff0c\u8fd9\u8fdb\u4e00\u6b65\u538b\u4f4e\u4e86\u5de5\u8d44\u3002<\/p>\n<p>\u7f8e\u56fd\u52b3\u5de5\u7edf\u8ba1\u5c40\u5b9a\u4e8e\u5468\u4e94\u5728\u534e\u76db\u987f\u53d1\u5e03\u6d88\u8d39\u8005\u4ef7\u683c\u6570\u636e\u3002\u8fd9\u4e9b\u6570\u636e\u5c06\u88ab\u4ed4\u7ec6\u7814\u7a76\uff0c\u4ee5\u4e86\u89e3\u4e2d\u4e1c\u6218\u4e89\u53ef\u80fd\u5728\u591a\u5927\u7a0b\u5ea6\u4e0a\u5f71\u54cd\u7f8e\u56fd\u7684\u901a\u80c0\u548c\u652f\u4ed8\u80fd\u529b\u3002\u4e2d\u56fd\u7684\u4ef7\u683c\u4e0a\u6da8\u53ef\u80fd\u4f1a\u4f20\u5bfc\u5230\u7f8e\u56fd\u4ef7\u683c\uff0c\u56e0\u4e3a\u7f8e\u56fd\u7684\u5927\u90e8\u5206\u5236\u6210\u54c1\u4f9b\u5e94\u76f4\u63a5\u6765\u81ea\u4e2d\u56fd\uff0c\u6216\u901a\u8fc7\u8d8a\u5357\u3001\u58a8\u897f\u54e5\u7b49\u56fd\u95f4\u63a5\u6765\u81ea\u4e2d\u56fd\u3002<\/p>\n<p>\u6574\u4e2a\u7ecf\u6d4e\u4e2d\u7269\u4ef7\u6c34\u5e73\u7684\u5e7f\u6cdb\u4e0b\u8dcc\uff0c\u5373<a href=\"https:\/\/cn.nytimes.com\/business\/20250113\/china-central-bank-bonds\/\" title=\"Link: https:\/\/cn.nytimes.com\/business\/20250113\/china-central-bank-bonds\/\">\u6240\u8c13\u7684\u901a\u8d27\u7d27\u7f29\u73b0\u8c61<\/a>\uff0c\u4f1a\u4f7f\u4f01\u4e1a\u96be\u4ee5\u507f\u8fd8\u503a\u52a1\u548c\u652f\u4ed8\u5de5\u4eba\u5de5\u8d44\u3002\u4e2d\u56fd\u51b3\u7b56\u8005\u5bf9\u901a\u7f29\u6781\u4e3a\u8b66\u60d5\uff0c\u4ee5\u81f3\u4e8e\u7981\u6b62\u672c\u56fd\u7ecf\u6d4e\u5b66\u5bb6\u516c\u5f00\u8ba8\u8bba\u5176\u5371\u5bb3\u3002<\/p>\n<p>3\u6708\u4efd\u751f\u4ea7\u8005\u4ef7\u683c\u540c\u6bd4\u4e0a\u6da80.5%\uff0c\u4e3b\u8981\u7531\u71c3\u6599\u4ee5\u53ca\u94dd\u7684\u4ef7\u683c\u4e0a\u6da8\u5e26\u52a8\u30022\u6708\u4efd\u751f\u4ea7\u8005\u4ef7\u683c\u5219\u4e0b\u8dcc\u4e860.9%\u3002<\/p>\n<p>\u7136\u800c\uff0c\u7531\u4e8e\u751f\u4ea7\u8005\u4ef7\u683c\u7684\u4e0a\u6da8\u4e3b\u8981\u6d89\u53ca\u8fdb\u53e3\u539f\u6750\u6599\u4ef7\u683c\u4e0a\u6da8\uff0c\u5bf9\u4e2d\u56fd\u5236\u9020\u5546\u76c8\u5229\u80fd\u529b\u7684\u63d0\u632f\u53ef\u80fd\u6709\u9650\u3002<\/p>\n<p>\u4e0a\u4e2a\u6708\u6d88\u8d39\u8005\u4ef7\u683c\u901a\u80c0\u7565\u6709\u653e\u7f13\uff0c\u539f\u56e0\u662f2\u6708\u4efd\u519c\u5386\u65b0\u5e74\u5e86\u795d\u6d3b\u52a8\u5e26\u6765\u7684\u77ed\u6682\u6d88\u8d39\u6fc0\u589e\u9010\u6e10\u6d88\u9000\u3002<\/p>\n<p>3\u6708\u4efd\u6d88\u8d39\u8005\u4ef7\u683c\u540c\u6bd4\u4e0a\u6da81%\uff0c\u4f4e\u4e8e2\u6708\u4efd\u76841.3%\u3002\u4e2d\u56fd\u6d88\u8d39\u75b2\u5f31\uff08\u4e3b\u8981\u662f\u623f\u5730\u4ea7\u5e02\u573a\u957f\u671f\u4f4e\u8ff7\u6240\u81f4\uff09\u4f7f\u5f97\u4f01\u4e1a\u96be\u4ee5\u63d0\u9ad8\u96f6\u552e\u4ef7\u683c\u3002<\/p>\n<p>\u4e2d\u56fd\u8fd8\u5b58\u5728\u751f\u732a\u8fc7\u5269\u7684\u95ee\u9898\uff0c\u8fd9\u538b\u4f4e\u4e86\u732a\u8089\u4ef7\u683c\u3002\u732a\u8089\u662f\u4e2d\u56fd\u996e\u98df\u4e2d\u4e0d\u53ef\u6216\u7f3a\u7684\u98df\u6750\uff0c\u4e5f\u662f\u4e2d\u56fd\u6d88\u8d39\u8005\u4ef7\u683c\u6307\u6570\u7684\u91cd\u8981\u7ec4\u6210\u90e8\u5206\u30023\u6708\u4efd\u732a\u8089\u6279\u53d1\u4ef7\u683c\u521b\u4e0b\u516b\u5e74\u65b0\u4f4e\u3002<\/p>\n<\/section>\n<footer>\n<p><a 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