FTChinese 中文网 · China
TIER 4 Sat, 13 Dec 2025 11:09:00 +0800
| | | --- | [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=~0) --- 2025年12月13日 | | | 一周精选 --- | --- [展望2026:外需是最大变数](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzEjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM3MD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzEjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM3MD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [展望2026:外需是最大变数](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzEjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM3MD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 胡伟俊:中国经济运行模式转变,往往由外需的重大变化触发。本世纪全球经济曾经历过三次大变化,金融市场最核心的变量就是中国经济的运行模式。 --- [套息交易迎来“终章前夜”:日本利率异常波动引爆全球再平衡](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzIjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5NT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzIjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5NT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [套息交易迎来“终章前夜”:日本利率异常波动引爆全球再平衡](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzIjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5NT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 程智鹏:全球市场正处在新旧格局的临界线上,而日本长端利率的剧烈波动,也许只是序幕。 --- [当AI掌握了“平均”创造力,教育如何突围?](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzMjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzMjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [当AI掌握了“平均”创造力,教育如何突围?](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzMjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM5Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 王大维:在 AI 时代,最重要的是保护好奇心、培养兴趣,未来的赢家,是懂得站在 AI 的肩膀上望得更远、问得更深、创造得更不一样的人。 --- [人工智能带来新的反垄断难题](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzQjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4OT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzQjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4OT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [人工智能带来新的反垄断难题](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzQjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4OT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 苏斯曼:2010年代的美国政府为社交网络的整合喝彩,监管机构迟迟未能直面这种整合给竞争带来的危险。这应该给AI时代敲响警钟。 --- [为什么应该警惕稳定币?](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzUjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODQyMD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 高端专享 | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzUjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODQyMD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [为什么应该警惕稳定币?](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzUjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODQyMD90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 高端专享 沃尔夫:目前美国的领导者迷恋“大科技”的口号——“快速行动,颠覆现状”。在货币领域,这可能导致灾难。 --- [被低估的以太坊Fusaka升级:扩容、降费、从通胀到通缩](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzYjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzYjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | [被低估的以太坊Fusaka升级:扩容、降费、从通胀到通缩](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzYjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM4Nj90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) 翁晓奇:Fusaka带来的战略价值远高于目前的市场定价,值得所有机构重新审视以太坊生态的长期投资价值。 --- [“这个世界会好吗?”——中美竞争下的秩序重组](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzcjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM3NT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | --- [ ](http://newsletters.ftimg.online/u.html?stime=1765595400&uid=ft_news&eid=4152123&email=registered2nd@gmail.com&tlid=15954&stid=212816&thid=15954&url=IzcjaHR0cHM6Ly9kdmJnd2s5dWg2YWdpLmNsb3VkZnJvbnQubmV0L3N0b3J5LzAwMTEwODM3NT90b2tlbj03MjY3NDAxZmE1ZjM0ODIxMGRiZjNlOTQwMDcxODc0YiZzPXcjcz13) | 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