三個皮匠報告
政策庫
new
付費
搜索

城投平臺ROIC中位數2011年見頂后持續回落-行業數據

城投平臺ROIC中位數2011年見頂后持續回落
城投平臺ROIC中位數2011年見頂后持續回落
數據顯示，2011年是中國發債城投ROIC中位數的歷史高點，為2.23%，此后逐步回落，2023年已下降到 0.46%。這個趨勢跟中國實際 GDP 增速的走勢大體一致，反映了經濟增長放緩后，基建等固定資產投資的回報率也隨之下降。
行業數據 下載Excel 下載圖片 原圖定位
圖片屬性
圖片格式：PNG 圖片大?。?35KB 圖片尺寸：1830*901
同報告圖片
 / 29
城投平臺ROIC中位數2011年見頂后持續回落_第1頁
fCDlubTku70gfCDln47mipXlubPlj7BST0lD5Lit5L2N5pWwIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMDggfCAyLjAwJSB8CnwgMjAwOSB8IDEuNTAlIHwKfCAyMDEwIHwgMi4yMyUgfAp8IDIwMTEgfCAxLjUwJSB8CnwgMjAxMiB8IDEuMDAlIHwKfCAyMDEzIHwgMC41MCUgfAp8IDIwMTQgfCAwLjQ2JSB8CgrotYTmlpnmnaXmupDvvJpXSU5E77yM5Lit5rOw6K+B5Yi456CU56m25omA
城投平臺ROIC中位數2011年見頂后持續回落_第2頁
城投平臺ROIC中位數2011年見頂后持續回落_第3頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第4頁
fOW5tOS7vSB8IOS4reWbveWkp+S4reWei+WbveacieS8geS4muWHgOWIqea2pnwKfC18LXwKfDE5OTd8ODU3fAp8MTk5OHw1OTl8CnwxOTk5fDEwOTN8CnwyMDAwfDIzNDR8CgrotYTmlpnmnaXmupDvvJpXSU5E77yM5Lit5rOw6K+B5Yi456CU56m25omA
城投平臺ROIC中位數2011年見頂后持續回落_第5頁
城投平臺ROIC中位數2011年見頂后持續回落_第6頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第7頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第8頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第9頁
fCDlubTku70gfCDmu57lkI4z5bm055qE5oi/5bGL5paw5byA5bel6Z2i56ev5ZCM5q+U77yIMTJNQe+8iSB8IOaIv+Wxi+ero+W3pemdouenr+WQjOavlO+8iDEyTUHvvIkgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS18CnwgMjAxNiB8IC01LjAgICAgICAgICAgICAgICAgICAgICAgICB8IC01LjAgICAgICAgICAgICAgICAgIHwKfCAyMDE3IHwgMTAuMCAgICAgICAgICAgICAgICAgICAgICAgIHwgNS4wICAgICAgICAgICAgICAgICAgfAp8IDIwMTggfCAtMTAuMCAgICAgICAgICAgICAgICAgICAgICAgfCAtMTUuMCAgICAgICAgICAgICAgICB8CnwgMjAxOSB8IC0xNS4wICAgICAgICAgICAgICAgICAgICAgICB8IC0yMC4wICAgICAgICAgICAgICAgIHwKfCAyMDIwIHwgMC4wICAgICAgICAgICAgICAgICAgICAgICAgIHwgLTUuMCAgICAgICAgICAgICAgICAgfAp8IDIwMjEgfCAxMC4wICAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAgICAgICAgICAgICAgICAgICB8CnwgMjAyMiB8IDIwLjAgICAgICAgICAgICAgICAgICAgICAgICB8IDEwLjAgICAgICAgICAgICAgICAgIHwKfCAyMDIzIHwgMTUuMCAgICAgICAgICAgICAgICAgICAgICAgIHwgNS4wICAgICAgICAgICAgICAgICAgfAp8IDIwMjQgfCAtNS4wICAgICAgICAgICAgICAgICAgICAgICAgfCAtMTAuMCAgICAgICAgICAgICAgICB8CgrotYTmlpnmnaXmupDvvJpXSU5E77yM5Lit5rOw6K+B5Yi456CU56m25omA
城投平臺ROIC中位數2011年見頂后持續回落_第10頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第11頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第12頁
fCDlubTku70gfCDnvo7lhYPorqHku7fkuK3lm73lh7rlj6Plrp7pmYXlkIzmr5QgfCDkurrmsJHluIHorqHku7fkuK3lm73lh7rlj6Plrp7pmYXlkIzmr5QgfAp8LS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfC0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMTQgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTUgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTYgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTcgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTggfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMTkgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjEgfCAyMC4wICAgICAgICAgICAgICAgICAgICAgfCAxNS4wICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjIgfCAtNS4wICAgICAgICAgICAgICAgICAgICAgfCAwLjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjMgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfCA1LjAgICAgICAgICAgICAgICAgICAgICAgfAp8IDIwMjQgfCAxMC4wICAgICAgICAgICAgICAgICAgICAgfCAxMC4wICAgICAgICAgICAgICAgICAgICAgfAoK6LWE5paZ5p2l5rqQ77yaV0lORO+8jOS4reazsOivgeWIuOeglOeptuaJgO+8iOazqO+8mjIwMjTlubTmlbDmja7kuLrliY0xMeS4quaciOeahO+8iQ==
城投平臺ROIC中位數2011年見頂后持續回落_第13頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第14頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第15頁
fCDlubTku70gfCDln47mipXlubPlj7BST0lD5Lit5L2N5pWwIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tfAp8IDIwMDggfCAyLjAwJSB8CnwgMjAwOSB8IDEuNTAlIHwKfCAyMDEwIHwgMi4yMyUgfAp8IDIwMTEgfCAxLjUwJSB8CnwgMjAxMiB8IDEuMDAlIHwKfCAyMDEzIHwgMC41MCUgfAp8IDIwMTQgfCAwLjQ2JSB8CgrotYTmlpnmnaXmupDvvJpXSU5E77yM5Lit5rOw6K+B5Yi456CU56m25omA
城投平臺ROIC中位數2011年見頂后持續回落_第16頁
城投平臺ROIC中位數2011年見頂后持續回落_第17頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第18頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第19頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第20頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第21頁
fCDlubTku70gfCDnrKzkuozkuqfkuJrlsLHkuJrkurrmlbDvvIjkuIfkurrvvIkgfCDnrKzkuozkuqfkuJrlsLHkuJrkurrmlbDljaDmr5TvvIgl77yJIHwKfC0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwtLS0tLS0tLS0tLS0tLS0tLS0tLS0tLS0tLXwKfCAyMDAwIHwgMTYwMDAgICAgICAgICAgICAgICAgICAgIHwgMjggICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDAzIHwgMTgwMDAgICAgICAgICAgICAgICAgICAgIHwgMzAgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDA2IHwgMjIwMDAgICAgICAgICAgICAgICAgICAgIHwgMzIgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDA5IHwgMjQwMDAgICAgICAgICAgICAgICAgICAgIHwgMzQgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDEyIHwgMjYwMDAgICAgICAgICAgICAgICAgICAgIHwgMzYgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE1IHwgMjQwMDAgICAgICAgICAgICAgICAgICAgIHwgMzQgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDE4IHwgMjIwMDAgICAgICAgICAgICAgICAgICAgIHwgMzIgICAgICAgICAgICAgICAgICAgICAgIHwKfCAyMDIxIHwgMjAwMDAgICAgICAgICAgICAgICAgICAgIHwgMzAgICAgICAgICAgICAgICAgICAgICAgIHwKCui1hOaWmeadpea6kO+8mldJTkTvvIzkuK3ms7Dor4HliLjnoJTnqbbmiYA=
城投平臺ROIC中位數2011年見頂后持續回落_第22頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第23頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第24頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第25頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第26頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第27頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第28頁
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
城投平臺ROIC中位數2011年見頂后持續回落_第29頁
fCAgfCBRMSB8IFEyIHwgUTMgfCBRNCB8CnwtLS18LS0tfC0tLXwtLS18LS0tfAp8IDIwMTflubQgfCA3OCB8IDc5IHwgNzggfCA3OCB8CnwgMjAxOOW5tCB8IDc2IHwgNzYgfCA3NiB8IDc2IHwKfCAyMDE55bm0IHwgNzYgfCA3NiB8IDc2IHwgNzYgfAp8IDIwMjDlubQgfCA3MiB8IDc0IHwgNzYgfCA3OCB8CnwgMjAyMeW5tCB8IDc2IHwgNzggfCA3NiB8IDc2IHwKfCAyMDIy5bm0IHwgNzYgfCA3NiB8IDc2IHwgNzYgfAp8IDIwMjPlubQgfCA3NiB8IDc2IHwgNzYgfCA3NiB8CnwgMjAyNOW5tCB8IDc0IHwgNzQgfCA3NCB8IDc0IHwKCui1hOaWmeadpea6kO+8mldJTkTvvIzkuK3ms7Dor4HliLjnoJTnqbbmiYA=
城投平臺ROIC中位數2011年見頂后持續回落_第30頁
所屬報告： 2025年中國經濟展望：聚焦最終需求-241223（25頁）.pdf
打包全文圖表

相關數據

最新數據
聯系我們
  • 0731-84720580
  • sgpjbg002
  • 工作日 9:30 - 18:00
關于我們
侵權處理
關于我們

三個皮匠報告專業的行業報告下載站，每日更新，歡迎大家關注！

copyright@2008-2013 長沙景略智創信息技術有限公司版權所有
網站備案/許可證號：湘B2-20190120

客服
商務合作
小程序
服務號
折疊
午夜网日韩中文字幕,日韩Av中文字幕久久,亚洲中文字幕在线一区二区,最新中文字幕在线视频网站