无论脱虚向实，还是化解债务，在没有生产率大幅改善的情况下，我们判断其政策路径的交集大概率指向全球资金再平衡、通胀压力、美元贬值、金融抑制。脱虚向实，意味着全球化以来美元回流体系面临挑战，金融资本将在美国vs非美之间再平衡，这将对以通胀、汇率、利率为核心的价格体系产生深远影响。首先，适度的高通胀如果伴随实体经济和产业资本再崛起，那么通胀可能不再是主要矛盾。其次，美元贬值可能不仅体现在对主要贸易伙伴上 ...

BEIJING, March 19 (Xinhua) -- China has seen more than 2.04 million new e-bikes sold under its consumer good trade-in program as of Tuesday, generating 5.61 billion yuan (about 783 million U.S.

China's express delivery volume remained high throughout the first two months, as the sector entered one of its busiest periods during the Spring Festival holiday. From January 28 to February 4, the ...

BEIJING, March 14 (Xinhua) -- Foreign direct investment (FDI) in the Chinese mainland in actual use reached 171.21 billion yuan (about 23.87 billion U.S. dollars) in the first two months of 2025, the ...