February 24, 2026 02:03 AM GMT 中国思考 | Asia Pacific 马年，通胀能否快马加鞭？ 阶段一：过剩行业投资放缓⸺有所进展，但背后的结构更加重要 阶段二：削减存量过剩产能⸺力度有限，且偏向上游 • 煤炭及部分金属行业已出现限产举措。尽管这类措施可在短期内推升上游 价格，但其更多的是控产量而非退产能。 ( 下页继续 ) This translated report is made available for convenience only and is based on the original research report published in English. In the event of any discrepancy between the translation and the original research report, the content in the original research report will prevail. The original research report can be found here: China M ...