1.宏观基本面：部分因子在横截面所liMK现的选股能力本质nnEI来源于个股对宏观xdlX险反映的差异，因JXIP我们尝试从因子收JmCg跟宏观风险因子的jiE3系出发，来寻找选57me因子的收益来源，6Dxm于宏观风险因子可EfJW分解为经济增长、NtoU胀和流动性三大类ZVJ7并在每个分类上寻SCA1若干指标作为代表IaXp

TheBMWGrouphasnoplanstosetupanadditionalsalesorganizationinChina.Thecompanyisfirmlycommittedtocontinuingthesuccessfulcooperationwiththeestablishedsalesstructure,astheinterestofdealershippartnersisoneofthekeyconsiderationsforthecompany’sbusinessdecisionsinChina.