MacroLens 概念内容与宏观指标数据更新。 https://macrolens-023.pages.dev/ Tue, 15 Sep 2026 00:00:00 GMT zh-CN 通过企业月度调查，观察订单和生产的变化方向 https://macrolens-023.pages.dev/concepts/pmi https://macrolens-023.pages.dev/concepts/pmi#update-2026-09-15T00:00:00.000Z Tue, 15 Sep 2026 00:00:00 GMT 经济增长 规模以上工业增加值实际同比增速 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/industrial-production https://macrolens-023.pages.dev/concepts/industrial-production#data-2026-09-15T00:00:00.000Z Tue, 15 Sep 2026 00:00:00 GMT 数据更新 固定资产投资（不含农户）累计同比增速 数据已更新，最新观测期为 2026-01–08。 https://macrolens-023.pages.dev/concepts/fixed-asset-investment https://macrolens-023.pages.dev/concepts/fixed-asset-investment#data-2026-09-15T00:00:00.000Z Tue, 15 Sep 2026 00:00:00 GMT 数据更新 社会消费品零售总额名义同比增速 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/retail-sales https://macrolens-023.pages.dev/concepts/retail-sales#data-2026-09-15T00:00:00.000Z Tue, 15 Sep 2026 00:00:00 GMT 数据更新 居民对外金融资产与负债在某一时点的存量表 https://macrolens-023.pages.dev/concepts/international-investment-position https://macrolens-023.pages.dev/concepts/international-investment-position#update-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 外部部门 今天借入资金，未来按约偿还；看贷款如何支持消费与生产 https://macrolens-023.pages.dev/concepts/credit https://macrolens-023.pages.dev/concepts/credit#update-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 信用与融资 家庭对未来收入的前瞻判断，必须注明对象、期限、问题形式和不确定性 https://macrolens-023.pages.dev/concepts/income-expectations https://macrolens-023.pages.dev/concepts/income-expectations#update-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 经济增长 同比增速 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/m0 https://macrolens-023.pages.dev/concepts/m0#data-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 数据更新 同比增速 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/m1 https://macrolens-023.pages.dev/concepts/m1#data-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 数据更新 同比增速 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/m2 https://macrolens-023.pages.dev/concepts/m2#data-2026-09-14T00:00:00.000Z Mon, 14 Sep 2026 00:00:00 GMT 数据更新 货币政策自主性、汇率稳定与资本流动自由之间的开放经济权衡 https://macrolens-023.pages.dev/concepts/impossible-trinity https://macrolens-023.pages.dev/concepts/impossible-trinity#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 区分预算安排、执行收支差额与分析者构造的广义财政口径 https://macrolens-023.pages.dev/concepts/fiscal-deficit https://macrolens-023.pages.dev/concepts/fiscal-deficit#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 本页以全国一般公共预算收入为核心，观察政府依法取得的预算资金 https://macrolens-023.pages.dev/concepts/fiscal-revenue https://macrolens-023.pages.dev/concepts/fiscal-revenue#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 政府通过收入、支出、转移支付与融资安排履行公共职能并影响经济运行 https://macrolens-023.pages.dev/concepts/fiscal-policy https://macrolens-023.pages.dev/concepts/fiscal-policy#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 本页以全国一般公共预算支出为核心，理解预算资金的执行与用途 https://macrolens-023.pages.dev/concepts/fiscal-expenditure https://macrolens-023.pages.dev/concepts/fiscal-expenditure#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 实际产出相对潜在产出的估计偏离，不是直接观测的官方 GDP 指标 https://macrolens-023.pages.dev/concepts/output-gap https://macrolens-023.pages.dev/concepts/output-gap#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 城镇失业人口占城镇劳动力的比重，不是占全部劳动年龄人口的比重 https://macrolens-023.pages.dev/concepts/unemployment-rate https://macrolens-023.pages.dev/concepts/unemployment-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 货物或服务向境外流出的贸易概念，必须先区分海关统计与国际收支口径 https://macrolens-023.pages.dev/concepts/exports https://macrolens-023.pages.dev/concepts/exports#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 降低银行法定准备金比例，让银行有更多资金安排空间 https://macrolens-023.pages.dev/concepts/rrr https://macrolens-023.pages.dev/concepts/rrr#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币政策 贷款定价的参考尺，实际利率还要看合同约定 https://macrolens-023.pages.dev/concepts/lpr https://macrolens-023.pages.dev/concepts/lpr#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 信用与融资 区分地方一般公共预算、政府性基金预算、土地出让收入与地方融资安排 https://macrolens-023.pages.dev/concepts/local-government-finance https://macrolens-023.pages.dev/concepts/local-government-finance#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 具有独立法人资格的地方国有企业融资主体，不等于地方政府法定债务 https://macrolens-023.pages.dev/concepts/lgfv https://macrolens-023.pages.dev/concepts/lgfv#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 地方政府依法承担的债务存量，受债务限额和预算管理约束 https://macrolens-023.pages.dev/concepts/local-government-debt https://macrolens-023.pages.dev/concepts/local-government-debt#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 对应有一定收益公益性项目并以政府性基金收入或专项收入偿还的政府债券 https://macrolens-023.pages.dev/concepts/local-government-special-bonds https://macrolens-023.pages.dev/concepts/local-government-special-bonds#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 对外金融资产减去对外负债的净头寸视角，不是国民财富总量 https://macrolens-023.pages.dev/concepts/net-foreign-assets https://macrolens-023.pages.dev/concepts/net-foreign-assets#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 以房地产开发企业完成投资累计同比观察建设、土地开发和相关工程的货币工作量 https://macrolens-023.pages.dev/concepts/real-estate-investment https://macrolens-023.pages.dev/concepts/real-estate-investment#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 房地产 70个大中城市新建与二手住宅价格的官方指数，不是全国交易价格平均数 https://macrolens-023.pages.dev/concepts/house-price-index https://macrolens-023.pages.dev/concepts/house-price-index#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 房地产 通胀与经济松弛之间的经验关系，不是固定不变的自然规律 https://macrolens-023.pages.dev/concepts/phillips-curve https://macrolens-023.pages.dev/concepts/phillips-curve#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 区分房贷定价、存量余额、新增投放与偿还，不能用 LPR 或住户贷款总量替代 https://macrolens-023.pages.dev/concepts/mortgage https://macrolens-023.pages.dev/concepts/mortgage#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 房地产 规模以上工业实际产出相对可持续生产能力的季度调查指标 https://macrolens-023.pages.dev/concepts/capacity-utilization https://macrolens-023.pages.dev/concepts/capacity-utilization#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 工业产品第一次出售时的价格变化，位于消费价格上游 https://macrolens-023.pages.dev/concepts/ppi https://macrolens-023.pages.dev/concepts/ppi#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 衡量劳动所得时必须区分平均与中位、名义与实际以及统计覆盖范围 https://macrolens-023.pages.dev/concepts/wages https://macrolens-023.pages.dev/concepts/wages#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 央行通过公开市场交易管理银行体系流动性并传递政策利率信号 https://macrolens-023.pages.dev/concepts/omo https://macrolens-023.pages.dev/concepts/omo#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币政策 以累计同比观察建设和购置固定资产活动，不能当作单月投资增速 https://macrolens-023.pages.dev/concepts/fixed-asset-investment https://macrolens-023.pages.dev/concepts/fixed-asset-investment#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 货币当局可支配并可用于外部支付与市场操作的外部资产类别 https://macrolens-023.pages.dev/concepts/reserve-assets https://macrolens-023.pages.dev/concepts/reserve-assets#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 观察规上工业企业累计利润、收入与利润率，必须保持可比口径 https://macrolens-023.pages.dev/concepts/industrial-profits https://macrolens-023.pages.dev/concepts/industrial-profits#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 观察规模以上工业企业生产活动最终成果的月度实际增速 https://macrolens-023.pages.dev/concepts/industrial-production https://macrolens-023.pages.dev/concepts/industrial-production#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 记录居民与非居民在某一期间经济交易的统计报表，不是外部资产负债存量表 https://macrolens-023.pages.dev/concepts/balance-of-payments https://macrolens-023.pages.dev/concepts/balance-of-payments#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 一段时间里生产了多少商品和服务，经济增长得多快 https://macrolens-023.pages.dev/concepts/gdp https://macrolens-023.pages.dev/concepts/gdp#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 列入政府性基金预算的土地出让财政收入，不等于土地成交价款或土地交易额 https://macrolens-023.pages.dev/concepts/land-transfer-revenue https://macrolens-023.pages.dev/concepts/land-transfer-revenue#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 由债券价格和现金流共同决定的市场贴现率，不是票面利率或债券价格 https://macrolens-023.pages.dev/concepts/government-bond-yield https://macrolens-023.pages.dev/concepts/government-bond-yield#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 金融市场 扣除食品和能源后，观察更稳定的消费价格压力 https://macrolens-023.pages.dev/concepts/core-cpi https://macrolens-023.pages.dev/concepts/core-cpi#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 两种货币之间的相对价格，方向判断必须先看报价约定 https://macrolens-023.pages.dev/concepts/exchange-rate https://macrolens-023.pages.dev/concepts/exchange-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 中央银行围绕币值稳定与经济运行实施的政策框架，不等同于某一次工具操作 https://macrolens-023.pages.dev/concepts/monetary-policy https://macrolens-023.pages.dev/concepts/monetary-policy#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币政策 上游成本与其他冲击经过时间和市场结构传递到下游价格的过程 https://macrolens-023.pages.dev/concepts/price-transmission https://macrolens-023.pages.dev/concepts/price-transmission#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 记录居民与非居民金融资产和负债交易，读正负号前必须确认列示方法 https://macrolens-023.pages.dev/concepts/financial-account https://macrolens-023.pages.dev/concepts/financial-account#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 货物或服务自境外流入的贸易概念，必须先区分海关统计与国际收支口径 https://macrolens-023.pages.dev/concepts/imports https://macrolens-023.pages.dev/concepts/imports#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 汇总货物和服务、初次收入与二次收入的跨境交易流量 https://macrolens-023.pages.dev/concepts/current-account https://macrolens-023.pages.dev/concepts/current-account#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 处于就业状态的人口存量，不等于某一期间新增的就业岗位或人员 https://macrolens-023.pages.dev/concepts/employment https://macrolens-023.pages.dev/concepts/employment#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 可支配收入中未用于消费的储蓄流量比例，不等于住户存款余额变化 https://macrolens-023.pages.dev/concepts/household-saving-rate https://macrolens-023.pages.dev/concepts/household-saving-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 住户调查中的人均可支配收入，连接劳动所得、经营财产转移收入与购买力 https://macrolens-023.pages.dev/concepts/disposable-income https://macrolens-023.pages.dev/concepts/disposable-income#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 日常购买的商品和服务，整体变贵了还是变便宜了 https://macrolens-023.pages.dev/concepts/cpi https://macrolens-023.pages.dev/concepts/cpi#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 住户消费货物与服务的支出指标，不能与社会消费品零售总额互换 https://macrolens-023.pages.dev/concepts/household-consumption https://macrolens-023.pages.dev/concepts/household-consumption#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 企业库存存量、变化与需求生产调整形成的条件性周期叙事 https://macrolens-023.pages.dev/concepts/inventory-cycle https://macrolens-023.pages.dev/concepts/inventory-cycle#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 对多类跨境金融交易的分析性总称，不是一条统一口径的官方指标 https://macrolens-023.pages.dev/concepts/cross-border-capital-flows https://macrolens-023.pages.dev/concepts/cross-border-capital-flows#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 劳动力占劳动年龄人口的比重，连接就业、失业与退出劳动力市场 https://macrolens-023.pages.dev/concepts/labor-force-participation https://macrolens-023.pages.dev/concepts/labor-force-participation#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 按年龄范围定义的劳动力统计分母，不等于劳动力或就业人口 https://macrolens-023.pages.dev/concepts/working-age-population https://macrolens-023.pages.dev/concepts/working-age-population#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 单位劳动投入对应的实际产出，必须区分水平、增速和投入口径 https://macrolens-023.pages.dev/concepts/productivity https://macrolens-023.pages.dev/concepts/productivity#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 香港等离岸市场交易的人民币兑美元价格，与境内 USD/CNY 相互关联但口径不同 https://macrolens-023.pages.dev/concepts/usd-cnh https://macrolens-023.pages.dev/concepts/usd-cnh#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 连接利率、即期汇率与远期汇率的两类跨货币定价关系 https://macrolens-023.pages.dev/concepts/interest-rate-parity https://macrolens-023.pages.dev/concepts/interest-rate-parity#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 相对特定经济活动和预测期具有经验领先性的信号角色，不是一条通用序列 https://macrolens-023.pages.dev/concepts/leading-indicators https://macrolens-023.pages.dev/concepts/leading-indicators#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 在明确货物、服务及统计口径后计算的出口减进口差额，不等同经常账户余额 https://macrolens-023.pages.dev/concepts/trade-balance https://macrolens-023.pages.dev/concepts/trade-balance#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 把进出口金额变化拆解为数量和价格变化的分析框架 https://macrolens-023.pages.dev/concepts/trade-volume-and-price https://macrolens-023.pages.dev/concepts/trade-volume-and-price#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 出口价格相对进口价格的比值或指数，不是汇率或贸易差额 https://macrolens-023.pages.dev/concepts/terms-of-trade https://macrolens-023.pages.dev/concepts/terms-of-trade#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 在约束和模型下估计的可持续产出能力，不是直接发布的 GDP 序列 https://macrolens-023.pages.dev/concepts/potential-output https://macrolens-023.pages.dev/concepts/potential-output#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 观察不同年龄劳动力的失业状况，必须先确认年龄分组和在校生口径 https://macrolens-023.pages.dev/concepts/youth-unemployment https://macrolens-023.pages.dev/concepts/youth-unemployment#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 在生产函数和投入假设下估计的效率残差，不是直接观测的技术数量 https://macrolens-023.pages.dev/concepts/total-factor-productivity https://macrolens-023.pages.dev/concepts/total-factor-productivity#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 以劳动年龄人口为参照描述儿童与老年人口结构的比率 https://macrolens-023.pages.dev/concepts/demographic-dependency-ratio https://macrolens-023.pages.dev/concepts/demographic-dependency-ratio#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 劳动力市场 境内人民币对美元价格，默认按每美元对应多少人民币报价 https://macrolens-023.pages.dev/concepts/usd-cny https://macrolens-023.pages.dev/concepts/usd-cny#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 以市场供求为基础、参考一篮子货币进行调节的有管理浮动框架 https://macrolens-023.pages.dev/concepts/rmb-exchange-rate-regime https://macrolens-023.pages.dev/concepts/rmb-exchange-rate-regime#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 分开阅读新建商品房销售面积、销售额和合同口径，不能混入二手房交易 https://macrolens-023.pages.dev/concepts/property-sales https://macrolens-023.pages.dev/concepts/property-sales#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 房地产 贷款之外还有债券和股票融资，一起看实体经济如何获得资金 https://macrolens-023.pages.dev/concepts/social-financing https://macrolens-023.pages.dev/concepts/social-financing#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 信用与融资 商品零售与餐饮收入的市场规模指标，不等同于居民消费总支出 https://macrolens-023.pages.dev/concepts/retail-sales https://macrolens-023.pages.dev/concepts/retail-sales#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 剔除通胀后的利率概念，必须说明预期或实现通胀及匹配期限 https://macrolens-023.pages.dev/concepts/real-interest-rate https://macrolens-023.pages.dev/concepts/real-interest-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 金融市场 把可比债券的期限与收益率连接起来，曲线形态不是单一经济预测 https://macrolens-023.pages.dev/concepts/yield-curve https://macrolens-023.pages.dev/concepts/yield-curve#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 金融市场 借入低息货币并投资高收益资产的跨货币头寸，收益取决于利差与汇率等风险 https://macrolens-023.pages.dev/concepts/carry-trade https://macrolens-023.pages.dev/concepts/carry-trade#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 对未来价格增长的前瞻性判断，不是可以直接观测到的单一事实 https://macrolens-023.pages.dev/concepts/inflation-expectations https://macrolens-023.pages.dev/concepts/inflation-expectations#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 分开土地成交、土地出让收入、房地产投资与政府预算口径 https://macrolens-023.pages.dev/concepts/land-market https://macrolens-023.pages.dev/concepts/land-market#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 房地产 官方持有的外币储备资产存量，月度变化同时包含交易与估值影响 https://macrolens-023.pages.dev/concepts/foreign-exchange-reserves https://macrolens-023.pages.dev/concepts/foreign-exchange-reserves#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 居民对非居民承担的债务性负债总额，需按部门与期限阅读 https://macrolens-023.pages.dev/concepts/external-debt https://macrolens-023.pages.dev/concepts/external-debt#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 消费相对于可支配收入的比例或增量响应，不是消费水平本身 https://macrolens-023.pages.dev/concepts/propensity-to-consume https://macrolens-023.pages.dev/concepts/propensity-to-consume#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 经济增长 信用债收益率相对可比基准的差额，不只反映违约风险 https://macrolens-023.pages.dev/concepts/credit-spread https://macrolens-023.pages.dev/concepts/credit-spread#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 金融市场 市场成交形成的短期资金价格，不等于央行政策操作利率 https://macrolens-023.pages.dev/concepts/interbank-rate https://macrolens-023.pages.dev/concepts/interbank-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 金融市场 汇总本币相对一篮子货币变化的多边指数，并可进一步纳入相对价格 https://macrolens-023.pages.dev/concepts/effective-exchange-rate https://macrolens-023.pages.dev/concepts/effective-exchange-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 央行传递利率调控信号的基准，不是 LPR 或每笔贷款的成交利率 https://macrolens-023.pages.dev/concepts/policy-rate https://macrolens-023.pages.dev/concepts/policy-rate#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币政策 政府尚未偿还的债务存量，不等于某一时期的新发行或财政赤字 https://macrolens-023.pages.dev/concepts/government-debt https://macrolens-023.pages.dev/concepts/government-debt#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 财政 影响跨境资本进入、退出与币种转换的规则和工具集合 https://macrolens-023.pages.dev/concepts/capital-controls https://macrolens-023.pages.dev/concepts/capital-controls#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 BPM6 中记录资本转移与非生产非金融资产交易的独立账户 https://macrolens-023.pages.dev/concepts/capital-account https://macrolens-023.pages.dev/concepts/capital-account#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 外部部门 衡量人民币相对一篮子货币价值的多边指数，不是另一个 USD/CNY https://macrolens-023.pages.dev/concepts/cfets-rmb-index https://macrolens-023.pages.dev/concepts/cfets-rmb-index#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 汇率 名义GDP与实际GDP之比，反映国内生产最终产品与服务的综合价格变化，不是CPI https://macrolens-023.pages.dev/concepts/gdp-deflator https://macrolens-023.pages.dev/concepts/gdp-deflator#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 通胀 流通中货币：最窄的一层货币 https://macrolens-023.pages.dev/concepts/m0 https://macrolens-023.pages.dev/concepts/m0#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币 狭义货币：更接近“随时准备交易”的钱 https://macrolens-023.pages.dev/concepts/m1 https://macrolens-023.pages.dev/concepts/m1#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币 广义货币：社会可以持有和转换使用的主要货币总量 https://macrolens-023.pages.dev/concepts/m2 https://macrolens-023.pages.dev/concepts/m2#update-2026-09-13T00:00:00.000Z Sun, 13 Sep 2026 00:00:00 GMT 货币 核心 CPI 同比 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/core-cpi https://macrolens-023.pages.dev/concepts/core-cpi#data-2026-09-09T00:00:00.000Z Wed, 09 Sep 2026 00:00:00 GMT 数据更新 居民消费价格同比 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/cpi https://macrolens-023.pages.dev/concepts/cpi#data-2026-09-09T00:00:00.000Z Wed, 09 Sep 2026 00:00:00 GMT 数据更新 工业生产者出厂价格同比 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/ppi https://macrolens-023.pages.dev/concepts/ppi#data-2026-09-09T00:00:00.000Z Wed, 09 Sep 2026 00:00:00 GMT 数据更新 制造业 PMI 指数 数据已更新，最新观测期为 2026-08。 https://macrolens-023.pages.dev/concepts/pmi https://macrolens-023.pages.dev/concepts/pmi#data-2026-08-31T00:00:00.000Z Mon, 31 Aug 2026 00:00:00 GMT 数据更新 实际 GDP 同比增速 数据已更新，最新观测期为 2026-Q2。 https://macrolens-023.pages.dev/concepts/gdp https://macrolens-023.pages.dev/concepts/gdp#data-2026-07-16T00:00:00.000Z Thu, 16 Jul 2026 00:00:00 GMT 数据更新