2001年中国加入世界贸易组织（World Trade Organization，WTO），直接引发了全球有史以来规模最大的资本支出热潮。中国在工厂、机械、住房及其他长期资产上的投资，从2000年的约3,600亿美元增长到2010年的3.2万亿美元。经通胀调整后，这十年间中国固定资产投资累计达约20万亿美元。期间，中国重塑了全球贸易、大宗商品、通胀、劳动力市场和政治格局，其影响持续了一代人的时间。

靠iPhone吃iPhone，苹果又“赢”了。

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Alphabet keeps beating earnings estimates while its stock keeps getting punished, and that gap between Wall Street's verdict and the underlying numbers is exactly where this investment thesis lives.

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Follow Meta's Q3 2026 earnings live, including revenue, EPS, AI spending, advertising growth, guidance and META stock ...