{"id":3683,"date":"2022-06-08T11:32:25","date_gmt":"2022-06-08T03:32:25","guid":{"rendered":"https:\/\/fanyuzhao.com\/?p=3683"},"modified":"2022-08-28T22:45:51","modified_gmt":"2022-08-28T14:45:51","slug":"%e7%ae%ad%e5%a4%b4%e4%b8%ad%e5%bf%83%e8%b5%84%e6%9c%ac%e5%b8%82%e5%9c%ba%e5%88%86%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/fanyuzhao.com\/?p=3683","title":{"rendered":"\u8fd1\u671f\u7ecf\u6d4e\u89c2\u5bdf"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\">\u674e\u6768<\/h4>\n\n\n\n<ul><li>\u8d44\u4ea7\u8d1f\u503a\u8868\u5206\u6790\uff1a<\/li><\/ul>\n\n\n\n<ol><li>Phase 1: B\/S\u7f29\u6c34\uff1a\u7ecf\u6d4e\u4e0b\u884c\uff0c\u8d44\u4ea7\u7f29\u6c34\uff0c\u4f46\u662f\u8d1f\u503a\u4fdd\u6301\u4e0d\u53d8<\/li><li>Phase2: \u4f01\u4e1a\u8fd8\u503a\u538b\u529b\u589e\u5927\uff0c\u4f01\u4e1a\u671f\u671b\u6700\u5c0f\u5316\u8d1f\u503a\uff0c\u51cf\u5c11\u878d\u8d44\u6210\u672c\uff0c\u56e0\u6b64\u53d8\u5356\u8d44\u4ea7\u8fd8\u503a<\/li><li>Phase3: \u7ecf\u6d4e\u4fdd\u6301\u4f4e\u8ff7\uff0c\u4f01\u4e1a\u53d8\u5356\u8d44\u4ea7\u5bfc\u81f4\u8d44\u4ea7\u4ef7\u683c\u8fdb\u4e00\u6b65\u964d\u4f4e\uff0c\u4f01\u4e1a\u65e0\u751f\u4ea7\u80fd\u529b\uff08\u8d44\u4ea7\u51cf\u5c11\uff09\u52a8\u529b\uff08\u9700\u6c42\u4f4e\u8ff7\uff0c\u751f\u4ea7\u5bfc\u81f4\u5e93\u5b58\u589e\u52a0\uff09\u3002\u56e0\u6b64\u5bf9debt\u9700\u6c42\u51cf\u5c11\u3002 \u4f46\u662f\u6b64\u9636\u6bb5\uff0c\u592e\u884c\u51fa\u552e\uff0c\u5e0c\u671b\u901a\u8fc7\u8d27\u5e01\u653f\u7b56\u6761\u6b3e\u5e02\u573a\u70ed\u5ea6\uff0c\u964d\u4f4e\u5229\u7387\uff0c\u91ca\u653e\u6d41\u52a8\u6027\u3002\u653f\u7b56\u4f20\u5bfc\u81f3\u94f6\u884c\uff1a\u94f6\u884c\u653edebt\uff0c\u4f01\u4e1a\u4e0d\u501fdebt\uff0c\u5bbd\u8d27\u5e01\u7d27\u4fe1\u7528\u3002<\/li><\/ol>\n\n\n\n<ul><li>\u901a\u8fc7Phase123\uff0c\u5bfc\u81f4\u4e86\u5371\u673a\u4e2d\u5e02\u573a\u7684\u5468\u671f\u30021. \u4f01\u4e1a\u5148\u6709\u53cd\u5e94\uff0cB\/S\u7f29\u8868\u30022. \u592e\u884c\u653e\u6c34\u30023. \u94f6\u884c\u653edebt\uff0c\u4f01\u4e1a\u4e0d\u501fdebt ==&gt;\u5e02\u573a\u5e95\u90e8\u5f62\u6210\uff08\u89c1\u6700\u540e\u4e00\u4e2aheading\uff09\u30024. \u6700\u540e\u5e02\u573a\u7f13\u548c\uff08\u7ecf\u6d4e\u5411\u597d\u53d1\u5c55\u7684\u662f\u5426\u9700\u8981\u51b3\u5b9a\u6027\u6280\u672f\u53d1\u5c55\u652f\u6491\uff1f\u8fd8\u662f\u4ec5\u901a\u8fc7\u8d22\u653f\u8d27\u5e01\u5373\u53ef\u5e2e\u52a9\u3002\uff09<\/li><\/ul>\n\n\n\n<ul><li>\u9762\u5bf9\u5371\u673a\uff0c\u65e5\u672c\u8fd130\u5e74\u7684\u5bf9\u7b56\uff08\u65e5\u672c\u6a21\u5f0f\u5c1a\u53ef\uff0c\u4fdd\u6301\u7ecf\u6d4e\u672a\u5d29\u6e83\uff0c\u4f46\u7ecf\u6d4e\u6574\u4f53\u70ed\u5ea6\u4e0d\u9ad8\uff09\uff1a<\/li><\/ul>\n\n\n\n<ol><li>\u957f\u671f\u653f\u5e9c\u8d64\u5b57\uff0c\u503a\u52a1\u9ad8\u4f01<\/li><li>\u5927\u89c4\u6a21\u57fa\u5efa\uff0c\u653f\u5e9c\u6295\u8d44\uff08\u5927\u591a\u4e3a\u5730\u65b9\u653f\u5e9c\u6295\u8d44\uff0c\u4e0d\u540c\u4e8e\u6211\u56fd\uff0c\u5730\u65b9\u653f\u5e9c\u8d22\u653f\u6536\u5165\u582a\u5fe7\u3002\u56e0\u4e3a\u7ecf\u6d4e\u4e0b\u884c\u7a0e\u6536\u51cf\u5c11\uff0c\u5730\u4ea7\u4ea6\u5904\u4e8e\u8270\u96be\u9636\u6bb5\uff0c\u571f\u5730\u8f6c\u8ba9\u91d1\u6536\u5165\u4f4e\u3002\u5730\u65b9\u653f\u5e9c\u4e3e\u6b65\u7ef4\u8270\u3002<\/li><li>\u8d27\u5e01\u653f\u7b56\u957f\u671f\u4fdd\u6301\u4f4e\u5229\u7387<\/li><\/ol>\n\n\n\n<ul><li>\u4e2d\u56fd\u653f\u7b56 \uff082008\u5e744\u4e07\u4ebf\u523a\u6fc0\u8ba1\u5212\uff0c\u5b9e\u9645\u4e0d\u8db34\u4e07\u4ebf\uff0c\u800c\u662f2\u5e74\u95f4\u540c\u82b11.2\u4e07\u4ebf\uff09<\/li><li>\u5c1a\u6709\u653f\u7b56\u53d1\u529b\u7a7a\u95f4\u3002\u4f46\u662f\u8d27\u5e01\u653f\u7b56\u6548\u679c\u4e0d\u663e\u8457\uff0c\u89c1Phase3\uff0c\u4e14\u5185\u5faa\u73af\u5efa\u7acb\u56f0\u96be\uff0c\u9700\u6c42\u65e0\u6cd5\u987a\u7545\u3002\u56e0\u6b64\u9700\u8981\u8d22\u653f\u653f\u7b56\u8d70\u5411\u524d\u53f0\uff0c\u9700\u8981\u6709\u7c7b\u4f3c4\u4e07\u4ebf\u7684\u8ba1\u5212\uff0c\u6001\u5ea6\uff0c\u53ca\u5b89\u6392\u3002\uff08\u575a\u5b9a\u7684\u6001\u5ea6\u53ef\u4ee5\u53c2\u8003transparent monetary policy\u5bf9\u5e02\u573a\u9884\u671f\u7684\u4f5c\u7528\uff09<\/li><\/ul>\n\n\n\n<ul><li>\u6211\u56fd\u8fdb\u51fa\u53e3\u7ed3\u6784\u5931\u8861\uff0c\u968f\u51c0\u51fa\u53e3\uff0c\u4f46\u662f\u51c0\u51fa\u53e3\u5927\u90fd\u5411\u7f8e\u56fd\uff0c\u5bf9\u6b27\u6d32\u7b49\u56fd\u5bb6\u4e3a\u51c0\u8fdb\u53e3<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u5927\u56fd\u535a\u5f08\u5bf9\u6211\u56fd\u7684\u5f71\u54cd\uff08\u960e\u5b66\u901a \u6e05\u534e\u56fd\u9645\u5173\u7cfb\u7814\u7a76\u9662\u9662\u957f\uff09<\/h4>\n\n\n\n<ul><li>\u7ade\u4e89\u8005\u8c01\uff1f<\/li><\/ul>\n\n\n\n<ol><li>\u4e24\u4e2a\u7ade\u4e89\u8005\uff1a \u4e2d\u7f8e \uff08\u4e24\u6781\u683c\u5c40\uff09\u3002\u683c\u5c40\u6307\u56fd\u9645\u5173\u7cfb\u7684\u7ed3\u6784<\/li><li>\u4f46\u4e2d\u7f8e\u4e4b\u95f4\u5b9e\u529b\u5dee\u8ddd\u8fd8\u5f88\u5927\uff0c\u4e2d\u56fd\u5728\u5411\u7f8e\u56fd\u7a81\u7834\uff08\u7532\u7ea7\u548c\u4e59\u7ea7\uff09<\/li><li>\u5bf9\u7f8e\u56fd\u800c\u8a00\uff0c\u4fc4\u7f57\u65af\u4e0d\u518d\u662f\u4e3b\u8981\u7ade\u4e89\u8005\uff0c\u800c\u5411\u53d9\u5229\u4e9a\u4f0a\u6717\u7b49\u662f\u4e3b\u8981\u6218\u4e89\u5a01\u80c1\uff0c\u552f\u4e00\u7684\u7ade\u4e89\u8005\u662f\u4e2d\u56fd\u3002<\/li><\/ol>\n\n\n\n<ul><li>\u7ade\u4e89\u4ec0\u4e48\uff1f<\/li><\/ul>\n\n\n\n<ol><li>\u7ade\u4e89\u6743\u529b\uff08\u8d44\u6e90\uff09<\/li><li>\u7ade\u4e89\u9886\u57df\uff1a\u5730\u7f18+\u7f51\u7edc\u3002\u5730\u7f18\u6218\u7565\uff1a\u4fc4\u7f57\u65af\u662f\u4f18\u52bf\u3002\u4f46\u662f\u7f51\u7edc\u6218\u7565\uff1a\u4fc4\u7f57\u65af\u662f\u52a3\u52bf\uff08\u53d7\u6b27\u7f8e\u7f51\u7edc\u8206\u8bba\u7b49\u4e3b\u5bfc\uff09\u3002\u6700\u7ec8\u603b\u7ed3\u51fa\u4f18\u52bf\uff1a\u6570\u5b57\u6280\u672f\u7ade\u4e89\u624d\u80fd\u5e26\u6765\u4f18\u52bf\uff0c\u6bd4\u8f83\u4f18\u52bf\u6210\u672c\u4f18\u52bf\u8986\u76d6\u9762\u6269\u5927\u7b49\u3002P.S. \u4fc4\u4e4c\u6218\u4e89\u7684\u80dc\u8d1f\u5bf9\u56fd\u9645\u683c\u5c40\u6ca1\u6709\u5927\u5f71\u54cd\uff0c\u56e0\u4e3a\u4e16\u754c\u4e3b\u8981\u7ade\u4e89\u8005\u662f\u4e2d\u7f8e\uff0c\u5176\u53cc\u65b9\u6218\u4e89\u4e0d\u80fd\u98a0\u8986\u4e2d\u7f8e\u5173\u7cfb\u3002\u7ade\u4e89\u89c4\u5219\uff1a\u4e0d\u8fdb\u884c\u6253\u51fb\uff08\u7f51\u7edc\u7ade\u4e89\uff09\u3002\u82e5\u4e0d\u8fdb\u884c\u6253\u51fb\uff08\u4e0d\u76f4\u63a5\u5bfc\u81f4\u6b7b\u4eba\uff09\uff0c\u7ade\u4e89\u8005\u5373\u53ef\u4ee5\u8fdb\u884c\u7f51\u7edc\u7ade\u4e89 &#8211; \u89c4\u5219\u66f4\u65b0\uff08\u6570\u5b57\u65f6\u4ee3\u5927\u56fd\u6218\u7565\u89c4\u5219\uff09\u3002<\/li><\/ol>\n\n\n\n<ul><li>\u7ade\u4e89\u7684\u6218\u7565\uff1f<\/li><\/ul>\n\n\n\n<ol><li>\u7f8e\u56fd\u5408\u4f5c\uff0c\u4e2d\u56fd\u81ea\u4e3b\uff08\u72ec\u7acb\u4ea7\u4e1a\u94fe\u7cfb\u7edf\uff0c\u5185\u5faa\u73af\uff0c\u7edf\u4e00\u5927\u5e02\u573a\uff09\u3002\u56e0\u4e3a\u6570\u5b57\u7ecf\u6d4e\u7684\u6838\u5fc3\u662f\u6d88\u8d39\uff0c\u8981\u5efa\u7acb\u56fd\u5185\u5e02\u573a\u673a\u5236\u3002\u6570\u5b57\u7ecf\u6d4e\u4f9d\u6258\u6d88\u8d39\uff0c\u6ca1\u6709\u5e02\u573a\u6d88\u8d39\uff0c\u5c31\u65e0\u6cd5\u589e\u957f<\/li><li>\u7ade\u4e89\u7684\u8def\u5f84\uff1a\u6570\u5b57\u6280\u672f\u521b\u65b0 &#8211; \u9760\u4eba\u624d\u3002\u4e0d\u6b62\u5438\u5f15\u534e\u4eba\uff0c\u4e5f\u8981\u5438\u5f15\u6709\u521b\u65b0\u80fd\u529b\u7684\u5916\u56fd\u4eba\u3002P.S. \u6b64\u6761\u6d89\u53ca\u5230\u7b2c\u4e00\u70b9\uff0c\u7f8e\u56fd\u901a\u8fc7\u5408\u4f5c\u5438\u7eb3\u4e16\u754c\u4eba\u624d\uff0c\u4e2d\u56fd\u9700\u8981\u60f3\u529e\u6cd5\u5438\u5f15or\u53d1\u6398\u4eba\u624d\u3002<\/li><li>\u7ade\u4e89\u624b\u6bb5\uff1a\u7f8e\u56fd\uff1a\u4ff1\u4e50\u90e8\u6a21\u5f0f\u3002\u4e2d\u56fd\uff1a\u53cc\u5faa\u73af\u6a21\u5f0f\u3002P.S. \u7f8e\u56fd\u7ee7\u7eed\u5f00\u653e\u5e02\u573a\u5438\u7eb3\u4e16\u754c\u4eba\u624d\uff0c\u4e2d\u56fd\u641e\u5185\u5faa\u73af\u5efa\u7acb\u5185\u90e8\u5e02\u573a<\/li><\/ol>\n\n\n\n<ul><li>De-Globalisation<\/li><\/ul>\n\n\n\n<p>De-Globalisation\u8d8b\u52bf\u5f62\u6210\u3002\u56fd\u9645\u793e\u4f1a\u5bf9\u6211\u56fd\u7684\u5f71\u54cd\u5c06\u4f1a\u8d8a\u6765\u8d8a\u5f31\u3002<\/p>\n\n\n\n<ul><li>\u76ee\u524d\u4e2d\u7f8e\u5173\u7cfb\u6076\u5316\u5230\u4e86\u6bd472\u5e74\u8fd8\u7cdf\uff0872\u5e74\u751a\u81f3\u65e0\u4e2d\u7f8e\u5916\u4ea4\uff09\u7684\u60c5\u51b5\u300272\u5e74\u540e\u4e2d\u7f8e\u5a92\u4f53\u4e0d\u518d\u70b9\u540d\u6279\u8bc4\u5bf9\u65b9\u9886\u5bfc\u4eba\uff0c\u4f46\u662f\u81ea\u7279\u6717\u666e\u4e0a\u53f0\u540e\u518d\u6b21\u5f00\u59cb\u5bf9\u5bf9\u65b9\u9886\u5bfc\u4eba\u8a00\u8bed\u653b\u51fb\uff0c\u540c\u65f6\u8001\u767e\u59d3\u4e5f\u5f00\u59cb\u8a00\u8bed\u653b\u51fb\u3002<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u9648\u679c<\/h4>\n\n\n\n<ul><li>\u4e00\u4e8c\u5b63\u5ea6\u75ab\u60c5\u51b2\u51fb\u6d88\u8d39\u4e0b\u6ed1\uff0c\u4f01\u4e1a\u5e93\u5b58\u63d0\u5347\uff0c\u56e0\u6b64\u4f01\u4e1a\u6295\u8d44\u51cf\u5c11\u4fe1\u8d37\u51cf\u5c11\uff0c\u964d\u4ef7\u7529\u8d27\u53bb\u5e93\u5b58\uff0c\u5bfc\u81f4\u4f01\u4e1a\u5229\u6da6\u51cf\u5c11\u3002\uff08\u504f\u4e2d\u4e0a\u6e38\u9700\u8981\u6709\u9ad8\u5e93\u5b58\u7684\u4f01\u4e1a\uff09<\/li><li>\u603b\u4f53\u7ecf\u6d4e\u6709\u6240\u6062\u590d\uff0c\u4f46\u662f\u5177\u4f53\u6062\u590d\u60c5\u51b5\u9700\u8981\u4e8c\u5b63\u5ea6\uff08\u534a\u5e74\uff09\u7ecf\u6d4e\u6570\u636e\u51fa\u53f0\u3002\u5e02\u573a\u5927\u6982\u7387\u5df2\u53cd\u6620\u4e86\u590d\u5de5\u9884\u671f\uff0c\u4f46\u662f\u5e76\u6ca1\u6709\u7ecf\u6d4e\u5411\u597d\u9884\u671f\uff0c\u56e0\u6b64\u5e02\u573a\u5927\u6982\u7387\u4fdd\u6301\u9707\u8361\u3002<\/li><li>\u5b8f\u89c2\u6d41\u52a8\u6027\u504f\u5bbd\u677e\uff0c\u8d27\u5e01\u653f\u7b56\u53d1\u529b\u3002P.S. \u4f46\u8d27\u5e01\u653f\u7b56\u53d1\u529b\u6548\u679c\u4e0d\u8db3\u9884\u671f\uff0c\u8d22\u653f\u9700\u51fa\u624b<\/li><li>\u5317\u5411\u8d44\u91d1\u5f00\u59cb\u56de\u6d41\uff0c\u540c\u6bd4\u663e\u8457\u5f31\uff0c\u9884\u671f\u5916\u8d44\u5bf9\u5e02\u573a\u5f71\u54cd\u504f\u5c0f\u3002<\/li><li>\u6210\u957f\u725b\u7684\u5fae\u89c2\u57fa\u7840\u5728\u4e8e\u5b58\u91cf\u817e\u632a<\/li><li>\u770b\u6da81. \u4e2d\u671f\u6d88\u8d39\uff0c\u7531\u4f9b\u7ed9\u652f\u6491\uff08\u9502\u3001\u7164\u70ad\u3001\u77f3\u6cb9\u77f3\u5316\uff09\u800c\u975e\u9700\u6c42\u652f\u51fa\u30022. \u6c7d\u8f66\u4e2d\u957f\u671f\u770b\u6da8\u30023. \u6570\u5b57\u7ecf\u6d4e\u3002<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\">\u5e02\u573a\u5e95\u90e8\u5224\u65ad<\/h4>\n\n\n\n<p>purely\u57fa\u4e8e\u5386\u53f2\u6570\u636e\uff1a\u4e07\u5f97\u5168A \u8dcc\u81f3 M2\u76841\/563<\/p>\n\n\n\n<p>\u4e07\u5f97\u5168A\u4ee3\u8868A\u80a1\u52a0\u6743\u5e73\u5747\uff0cM2\u4ee3\u8868\u5e02\u573a\u6d41\u52a8\u6027<\/p>\n\n\n\n<p>Ref: <a href=\"https:\/\/mp.weixin.qq.com\/s\/O4GDaUbqSGYwAseQnsNC8A\">https:\/\/mp.weixin.qq.com\/s\/O4GDaUbqSGYwAseQnsNC8A<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u674e\u6768 \u8d44\u4ea7\u8d1f\u503a\u8868\u5206\u6790\uff1a Phase 1: B\/S\u7f29\u6c34\uff1a\u7ecf\u6d4e\u4e0b\u884c\uff0c\u8d44\u4ea7\u7f29\u6c34\uff0c\u4f46\u662f\u8d1f\u503a\u4fdd\u6301\u4e0d\u53d8 Phase2: \u4f01\u4e1a\u8fd8\u503a\u538b\u529b\u589e\u5927\uff0c\u4f01\u4e1a\u671f\u671b\u6700\u5c0f\u5316\u8d1f\u503a\uff0c\u51cf\u5c11\u878d\u8d44\u6210\u672c\uff0c\u56e0\u6b64\u53d8\u5356\u8d44\u4ea7\u8fd8\u503a Phase3: \u7ecf\u6d4e\u4fdd\u6301\u4f4e\u8ff7\uff0c\u4f01\u4e1a\u53d8\u5356\u8d44\u4ea7\u5bfc\u81f4\u8d44\u4ea7\u4ef7\u683c\u8fdb\u4e00\u6b65\u964d\u4f4e\uff0c\u4f01\u4e1a\u65e0\u751f\u4ea7\u80fd\u529b\uff08\u8d44\u4ea7\u51cf\u5c11\uff09\u52a8\u529b\uff08\u9700\u6c42\u4f4e\u8ff7\uff0c\u751f\u4ea7\u5bfc\u81f4\u5e93\u5b58\u589e\u52a0\uff09\u3002\u56e0\u6b64\u5bf9debt\u9700\u6c42\u51cf\u5c11\u3002 \u4f46\u662f\u6b64\u9636\u6bb5\uff0c\u592e\u884c\u51fa\u552e\uff0c\u5e0c\u671b\u901a\u8fc7\u8d27\u5e01\u653f\u7b56\u6761\u6b3e\u5e02\u573a\u70ed\u5ea6\uff0c\u964d\u4f4e\u5229\u7387\uff0c\u91ca\u653e\u6d41\u52a8\u6027\u3002\u653f\u7b56\u4f20\u5bfc\u81f3\u94f6\u884c\uff1a\u94f6\u884c\u653edebt\uff0c\u4f01\u4e1a\u4e0d\u501fdebt\uff0c\u5bbd\u8d27\u5e01\u7d27\u4fe1\u7528\u3002 \u901a\u8fc7Phase123\uff0c\u5bfc\u81f4\u4e86\u5371\u673a\u4e2d\u5e02\u573a\u7684\u5468\u671f\u30021. \u4f01\u4e1a\u5148\u6709\u53cd\u5e94\uff0cB\/S\u7f29\u8868\u30022. \u592e\u884c\u653e\u6c34\u30023. \u94f6\u884c\u653edebt\uff0c\u4f01\u4e1a\u4e0d\u501fdebt ==&gt;\u5e02\u573a\u5e95\u90e8\u5f62\u6210\uff08\u89c1\u6700\u540e\u4e00\u4e2aheading\uff09\u30024. \u6700\u540e\u5e02\u573a\u7f13\u548c\uff08\u7ecf\u6d4e\u5411\u597d\u53d1\u5c55\u7684\u662f\u5426\u9700\u8981\u51b3\u5b9a\u6027\u6280\u672f\u53d1\u5c55\u652f\u6491\uff1f\u8fd8\u662f\u4ec5\u901a\u8fc7\u8d22\u653f\u8d27\u5e01\u5373\u53ef\u5e2e\u52a9\u3002\uff09 \u9762\u5bf9\u5371\u673a\uff0c\u65e5\u672c\u8fd130\u5e74\u7684\u5bf9\u7b56\uff08\u65e5\u672c\u6a21\u5f0f\u5c1a\u53ef\uff0c\u4fdd\u6301\u7ecf\u6d4e\u672a\u5d29\u6e83\uff0c\u4f46\u7ecf\u6d4e\u6574\u4f53\u70ed\u5ea6\u4e0d\u9ad8\uff09\uff1a \u957f\u671f\u653f\u5e9c\u8d64\u5b57\uff0c\u503a\u52a1\u9ad8\u4f01 \u5927\u89c4\u6a21\u57fa\u5efa\uff0c\u653f\u5e9c\u6295\u8d44\uff08\u5927\u591a\u4e3a\u5730\u65b9\u653f\u5e9c\u6295\u8d44\uff0c\u4e0d\u540c\u4e8e\u6211\u56fd\uff0c\u5730\u65b9\u653f\u5e9c\u8d22\u653f\u6536\u5165\u582a\u5fe7\u3002\u56e0\u4e3a\u7ecf\u6d4e\u4e0b\u884c\u7a0e\u6536\u51cf\u5c11\uff0c\u5730\u4ea7\u4ea6\u5904\u4e8e\u8270\u96be\u9636\u6bb5\uff0c\u571f\u5730\u8f6c\u8ba9\u91d1\u6536\u5165\u4f4e\u3002\u5730\u65b9\u653f\u5e9c\u4e3e\u6b65\u7ef4\u8270\u3002 \u8d27\u5e01\u653f\u7b56\u957f\u671f\u4fdd\u6301\u4f4e\u5229\u7387 \u4e2d\u56fd\u653f\u7b56 \uff082008\u5e744\u4e07\u4ebf\u523a\u6fc0\u8ba1\u5212\uff0c\u5b9e\u9645\u4e0d\u8db34\u4e07\u4ebf\uff0c\u800c\u662f2\u5e74\u95f4\u540c\u82b11.2\u4e07\u4ebf\uff09 \u5c1a\u6709\u653f\u7b56\u53d1\u529b\u7a7a\u95f4\u3002\u4f46\u662f\u8d27\u5e01\u653f\u7b56\u6548\u679c\u4e0d\u663e\u8457\uff0c\u89c1Phase3\uff0c\u4e14\u5185\u5faa\u73af\u5efa\u7acb\u56f0\u96be\uff0c\u9700\u6c42\u65e0\u6cd5\u987a\u7545\u3002\u56e0\u6b64\u9700\u8981\u8d22\u653f\u653f\u7b56\u8d70\u5411\u524d\u53f0\uff0c\u9700\u8981\u6709\u7c7b\u4f3c4\u4e07\u4ebf\u7684\u8ba1\u5212\uff0c\u6001\u5ea6\uff0c\u53ca\u5b89\u6392\u3002\uff08\u575a\u5b9a\u7684\u6001\u5ea6\u53ef\u4ee5\u53c2\u8003transparent monetary policy\u5bf9\u5e02\u573a\u9884\u671f\u7684\u4f5c\u7528\uff09 \u6211\u56fd\u8fdb\u51fa\u53e3\u7ed3\u6784\u5931\u8861\uff0c\u968f\u51c0\u51fa\u53e3\uff0c\u4f46\u662f\u51c0\u51fa\u53e3\u5927\u90fd\u5411\u7f8e\u56fd\uff0c\u5bf9\u6b27\u6d32\u7b49\u56fd\u5bb6\u4e3a\u51c0\u8fdb\u53e3 \u5927\u56fd\u535a\u5f08\u5bf9\u6211\u56fd\u7684\u5f71\u54cd\uff08\u960e\u5b66\u901a \u6e05\u534e\u56fd\u9645\u5173\u7cfb\u7814\u7a76\u9662\u9662\u957f\uff09 \u7ade\u4e89\u8005\u8c01\uff1f \u4e24\u4e2a\u7ade\u4e89\u8005\uff1a \u4e2d\u7f8e \uff08\u4e24\u6781\u683c\u5c40\uff09\u3002\u683c\u5c40\u6307\u56fd\u9645\u5173\u7cfb\u7684\u7ed3\u6784 \u4f46\u4e2d\u7f8e\u4e4b\u95f4\u5b9e\u529b\u5dee\u8ddd\u8fd8\u5f88\u5927\uff0c\u4e2d\u56fd\u5728\u5411\u7f8e\u56fd\u7a81\u7834\uff08\u7532\u7ea7\u548c\u4e59\u7ea7\uff09 \u5bf9\u7f8e\u56fd\u800c\u8a00\uff0c\u4fc4\u7f57\u65af\u4e0d\u518d\u662f\u4e3b\u8981\u7ade\u4e89\u8005\uff0c\u800c\u5411\u53d9\u5229\u4e9a\u4f0a\u6717\u7b49\u662f\u4e3b\u8981\u6218\u4e89\u5a01\u80c1\uff0c\u552f\u4e00\u7684\u7ade\u4e89\u8005\u662f\u4e2d\u56fd\u3002 \u7ade\u4e89\u4ec0\u4e48\uff1f \u7ade\u4e89\u6743\u529b\uff08\u8d44\u6e90\uff09 \u7ade\u4e89\u9886\u57df\uff1a\u5730\u7f18+\u7f51\u7edc\u3002\u5730\u7f18\u6218\u7565\uff1a\u4fc4\u7f57\u65af\u662f\u4f18\u52bf\u3002\u4f46\u662f\u7f51\u7edc\u6218\u7565\uff1a\u4fc4\u7f57\u65af\u662f\u52a3\u52bf\uff08\u53d7\u6b27\u7f8e\u7f51\u7edc\u8206\u8bba\u7b49\u4e3b\u5bfc\uff09\u3002\u6700\u7ec8\u603b\u7ed3\u51fa\u4f18\u52bf\uff1a\u6570\u5b57\u6280\u672f\u7ade\u4e89\u624d\u80fd\u5e26\u6765\u4f18\u52bf\uff0c\u6bd4\u8f83\u4f18\u52bf\u6210\u672c\u4f18\u52bf\u8986\u76d6\u9762\u6269\u5927\u7b49\u3002P.S. \u4fc4\u4e4c\u6218\u4e89\u7684\u80dc\u8d1f\u5bf9\u56fd\u9645\u683c\u5c40\u6ca1\u6709\u5927\u5f71\u54cd\uff0c\u56e0\u4e3a\u4e16\u754c\u4e3b\u8981\u7ade\u4e89\u8005\u662f\u4e2d\u7f8e\uff0c\u5176\u53cc\u65b9\u6218\u4e89\u4e0d\u80fd\u98a0\u8986\u4e2d\u7f8e\u5173\u7cfb\u3002\u7ade\u4e89\u89c4\u5219\uff1a\u4e0d\u8fdb\u884c\u6253\u51fb\uff08\u7f51\u7edc\u7ade\u4e89\uff09\u3002\u82e5\u4e0d\u8fdb\u884c\u6253\u51fb\uff08\u4e0d\u76f4\u63a5\u5bfc\u81f4\u6b7b\u4eba\uff09\uff0c\u7ade\u4e89\u8005\u5373\u53ef\u4ee5\u8fdb\u884c\u7f51\u7edc\u7ade\u4e89 &#8211; \u89c4\u5219\u66f4\u65b0\uff08\u6570\u5b57\u65f6\u4ee3\u5927\u56fd\u6218\u7565\u89c4\u5219\uff09\u3002 \u7ade\u4e89\u7684\u6218\u7565\uff1f \u7f8e\u56fd\u5408\u4f5c\uff0c\u4e2d\u56fd\u81ea\u4e3b\uff08\u72ec\u7acb\u4ea7\u4e1a\u94fe\u7cfb\u7edf\uff0c\u5185\u5faa\u73af\uff0c\u7edf\u4e00\u5927\u5e02\u573a\uff09\u3002\u56e0\u4e3a\u6570\u5b57\u7ecf\u6d4e\u7684\u6838\u5fc3\u662f\u6d88\u8d39\uff0c\u8981\u5efa\u7acb\u56fd\u5185\u5e02\u573a\u673a\u5236\u3002\u6570\u5b57\u7ecf\u6d4e\u4f9d\u6258\u6d88\u8d39\uff0c\u6ca1\u6709\u5e02\u573a\u6d88\u8d39\uff0c\u5c31\u65e0\u6cd5\u589e\u957f \u7ade\u4e89\u7684\u8def\u5f84\uff1a\u6570\u5b57\u6280\u672f\u521b\u65b0 &#8211; \u9760\u4eba\u624d\u3002\u4e0d\u6b62\u5438\u5f15\u534e\u4eba\uff0c\u4e5f\u8981\u5438\u5f15\u6709\u521b\u65b0\u80fd\u529b\u7684\u5916\u56fd\u4eba\u3002P.S. \u6b64\u6761\u6d89\u53ca\u5230\u7b2c\u4e00\u70b9\uff0c\u7f8e\u56fd\u901a\u8fc7\u5408\u4f5c\u5438\u7eb3\u4e16\u754c\u4eba\u624d\uff0c\u4e2d\u56fd\u9700\u8981\u60f3\u529e\u6cd5\u5438\u5f15or\u53d1\u6398\u4eba\u624d\u3002 \u7ade\u4e89\u624b\u6bb5\uff1a\u7f8e\u56fd\uff1a\u4ff1\u4e50\u90e8\u6a21\u5f0f\u3002\u4e2d\u56fd\uff1a\u53cc\u5faa\u73af\u6a21\u5f0f\u3002P.S. \u7f8e\u56fd\u7ee7\u7eed\u5f00\u653e\u5e02\u573a\u5438\u7eb3\u4e16\u754c\u4eba\u624d\uff0c\u4e2d\u56fd\u641e\u5185\u5faa\u73af\u5efa\u7acb\u5185\u90e8\u5e02\u573a De-Globalisation De-Globalisation\u8d8b\u52bf\u5f62\u6210\u3002\u56fd\u9645\u793e\u4f1a\u5bf9\u6211\u56fd\u7684\u5f71\u54cd\u5c06\u4f1a\u8d8a\u6765\u8d8a\u5f31\u3002 \u76ee\u524d\u4e2d\u7f8e\u5173\u7cfb\u6076\u5316\u5230\u4e86\u6bd472\u5e74\u8fd8\u7cdf\uff0872\u5e74\u751a\u81f3\u65e0\u4e2d\u7f8e\u5916\u4ea4\uff09\u7684\u60c5\u51b5\u300272\u5e74\u540e\u4e2d\u7f8e\u5a92\u4f53\u4e0d\u518d\u70b9\u540d\u6279\u8bc4\u5bf9\u65b9\u9886\u5bfc\u4eba\uff0c\u4f46\u662f\u81ea\u7279\u6717\u666e\u4e0a\u53f0\u540e\u518d\u6b21\u5f00\u59cb\u5bf9\u5bf9\u65b9\u9886\u5bfc\u4eba\u8a00\u8bed\u653b\u51fb\uff0c\u540c\u65f6\u8001\u767e\u59d3\u4e5f\u5f00\u59cb\u8a00\u8bed\u653b\u51fb\u3002 \u9648\u679c \u4e00\u4e8c\u5b63\u5ea6\u75ab\u60c5\u51b2\u51fb\u6d88\u8d39\u4e0b\u6ed1\uff0c\u4f01\u4e1a\u5e93\u5b58\u63d0\u5347\uff0c\u56e0\u6b64\u4f01\u4e1a\u6295\u8d44\u51cf\u5c11\u4fe1\u8d37\u51cf\u5c11\uff0c\u964d\u4ef7\u7529\u8d27\u53bb\u5e93\u5b58\uff0c\u5bfc\u81f4\u4f01\u4e1a\u5229\u6da6\u51cf\u5c11\u3002\uff08\u504f\u4e2d\u4e0a\u6e38\u9700\u8981\u6709\u9ad8\u5e93\u5b58\u7684\u4f01\u4e1a\uff09 \u603b\u4f53\u7ecf\u6d4e\u6709\u6240\u6062\u590d\uff0c\u4f46\u662f\u5177\u4f53\u6062\u590d\u60c5\u51b5\u9700\u8981\u4e8c\u5b63\u5ea6\uff08\u534a\u5e74\uff09\u7ecf\u6d4e\u6570\u636e\u51fa\u53f0\u3002\u5e02\u573a\u5927\u6982\u7387\u5df2\u53cd\u6620\u4e86\u590d\u5de5\u9884\u671f\uff0c\u4f46\u662f\u5e76\u6ca1\u6709\u7ecf\u6d4e\u5411\u597d\u9884\u671f\uff0c\u56e0\u6b64\u5e02\u573a\u5927\u6982\u7387\u4fdd\u6301\u9707\u8361\u3002 \u5b8f\u89c2\u6d41\u52a8\u6027\u504f\u5bbd\u677e\uff0c\u8d27\u5e01\u653f\u7b56\u53d1\u529b\u3002P.S. &hellip; <a href=\"https:\/\/fanyuzhao.com\/?p=3683\" 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