AI智能总结
Z0016367wangying@nawaa.com Z0022951liaocy@nawaa.com 20111290 0571-817271070571-89727506 1....................................................................................................................1 2.................................................................2 3.5 3.1...............................................................53.1.1..........................................................................53.1.2.....................................................73.1.3.................................................73.2..........................................................103.2.1....................................................................................113.2.2..........................................................16 4...............................................................................................19 2.1...........................................22.2%................................................................................32.33........................................................................32.4300........................................................................42.5...................................................................................43.1M2-M1%....................................................................63.2%.....................................................................63.39.......................................................................................73.4%....................................................................................83.5%............................................................................83.6%....................................................................................93.7%...................................................93.8%............................................................103.9.................................................................................113.10......................................................123.11.............................................................123.12...........................................................................133.13...................................................................................133.14CPIPPI.................................................................143.15...................................................................................143.16PMI...........................................................................153.17PMI............................................................16 3.18A............................................................................163.192....................................................................................173.20A............................................................................183.219FOMC.......................................................................184.1...............................................................19 1. 2. 2025A20259 2630050500100015.60%8.45%22.41%16.38%3 2025 839 91MLF300034527789925bp 3. A 3.1 60%-65%9(MLF)9248 3.1.1 2025 88M28.8%M2-M12.8%202168.8%6.6%8200 1000 (MLF) 3.1.2 925bp10925GDP10 3.1.3 883.4%0.39CPI0.9%49 1-812.9%820.3 %1-85.42%1-7 1.871-85.1% 84.4%72.833.1%22.5%10.4%81.3% 8 3.2 A 3.2.1 1 78415%70%8CPIPPI 2 PMI8PMIPMI 3.2.2 A24VIXA A923300500A92614.1329.61AAAA925GDP3.8%9FOMC2025-2027202561.4%1.6% AA 4. 202143004250-4950 / 136310008400 8888 910www.nanhua.net603093