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                • 掃描二從歷史上看,在16年供給收縮大幅推升上遊生產資料價格之前,PPI走勢幾乎與地產投資一致,並且地產投資還略為領先。原因也很好理解,地產投資是中國所有投資的核心,不僅自身需要大量的鋼筋、水泥等上遊原材料,對相關產業鏈的帶動也最強,拉動工業品價格整體回升。而基建投資對相關產業鏈帶動的能力遠不如地產,並且通常還是逆周期的手段,總需求越弱、價格低迷,反而基建投資越發力。維碼關註
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