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中信证券:2026年将是消费行业景气拐点确立的关键之年

intermediate36氪3 min read
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Translation
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Tap any word above to look it up or add it to your review deck

Grammar Points

由于...,...Cause with "yóuyú"HSK 4

Use "由于" to introduce a reason or cause, followed by the result clause. This helps explain why something happens.

"由于当前宏观环境仍然偏弱,消费景气的自身修复预计仍需时间。"

根据...,...Based onHSK 4

Use "根据" to cite a source or basis for a conclusion or judgment; it often introduces supporting information for the following statement.

"根据宏观数据的边际改善以及微观高频数据的验证,判断2026年将是消费行业景气拐点确立的关键之年。"

处于...期In a periodHSK 4

Use "处于...期" to describe that something is located in or experiencing a certain phase; often used for markets, development stages, or periods of time.

"当前消费市场处于弱复苏与政策预期博弈的关键窗口期。"

一端...;另一端...Parallel two-sided structureHSK 5

Use this structure to show two contrasting or complementary approaches; each side starts with "一端" and "另一端" to balance the ideas.

"消费投资配置应守正出奇——高股息筑基与成长消费的弹性突围:一端通过服务消费等景气方向博弈政策弹性及财富效应传导;另一端通过高股息资产构建防御底仓。"

让...先...Let someone do something firstHSK 3

Use "让" to indicate allowing or causing someone to do something, often followed by "先" to show priority or order.

"36氪 APP 让一部分人先看到未来。"

Key Vocabulary

deHSK1

a taxi; a cab (abbr. for 的士[di1 shi4])

小时xiǎo shíHSK1

CL:個|个[ge4]

qiánHSK1

forward

消费xiāo fèiHSK5

to consume (goods and services, resources etc)

niánHSK1

variant of 年[nian2]

私募sī mù
shìHSK1

(adverb for emphatic assertion)

景气jǐng qì
龙虾lóng xiā
leHSK1

(of eyes) bright

HSK1

to make peace

关键guān jiànHSK4

CL:個|个[ge4]

行业háng yèHSK5

trade; profession; industry; business

微信wēi xìn
hàoHSK1

roar

政策zhèng cèHSK6

CL:個|个[ge4]

数据shù jùHSK5

data

jīng
HSK4

to give

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