台報:「M型化」產業結構為台經濟敲響警鐘

<p style=”color: rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;; font-size: medium; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: left; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial;”>&nbsp;</p>

<p><img alt=”" class=”syl-page-img” data-src=”https://p3-sign.toutiaoimg.com/tos-cn-i-axegupay5k/0151d69b15134087b357884d333f6add~tplv-tt-origin-web:gif.jpeg?_iz=58558&amp;from=article.pc_detail&amp;lk3s=953192f4&amp;x-expires=1764660953&amp;x-signature=%2Fof%2BjaxCbJfj%2FXCXynPqQ95Oehg%3D” image_type=”1″ img_height=”233″ img_width=”350″ mime_type=”image/jpeg” src=”https://p3-sign.toutiaoimg.com/tos-cn-i-axegupay5k/0151d69b15134087b357884d333f6add~tplv-tt-origin-web:gif.jpeg?_iz=58558&amp;from=article.pc_detail&amp;lk3s=953192f4&amp;x-expires=1764660953&amp;x-signature=%2Fof%2BjaxCbJfj%2FXCXynPqQ95Oehg%3D” style=”cursor: zoom-in; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; border: 0px; margin: 0px auto 8px; padding: 0px; max-width: 100%; display: block; border-radius: 4px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255); height: auto;” title=”" web_uri=”tos-cn-i-tjoges91tu/8454d4ab34e8f9a3cf91bfc2ebb45e18″ /></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>台北夜景(法新社)</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>台灣《旺報》11月20日發表社論《台灣病政黨輪替指日可待》。社論指出,台灣病,一個類似荷蘭病的概念,最近在台灣財經圈廣為討論。討論源自於英國《經濟學人》一篇文章。該文認為,新台幣匯率在台當局貨幣政策主管機關刻意作為下,被長期低估,其目的在維繫台灣出口競爭力,進而帶動經濟成長。此一做法雖有利出口廠商,也可創造大量外匯收入,卻不利進口商與內需服務產業,等同對全民開徵&ldquo;隱形稅&rdquo;,加重一般家庭負擔。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>社論指出,近年來台灣薪資成長停滯不前,金融體系流動性氾濫導致房價持續飆升,甚至經常帳順差擴大造成壽險業資產負債表嚴重失衡等問題,都與新台幣匯率長期被低估脫離不了乾系。長期忽視這些問題、不思解決之道,無形中也加劇經濟及產業結構失衡風險,為台灣埋下一顆金融未爆彈,最終形成《經濟學人》口中的台灣病。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>對於《經濟學人》嚴厲批評,台當局貨幣政策主管機構回應,強調新台幣匯率是由外匯市場供需決定,並非單一商品價格所能衡量,沒有長期低估的問題,並稱其一向尊重市場機制,並未刻意主導幹預,美國財政部也從未要求新台幣升值。依據其說法,不存在所謂的台灣病現象。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>社論指出,有趣的是,在《經濟學人》刊登文章,台當局貨幣政策主管機構進行澄清後,美國財政部與台當局貨幣政策主管機構發布聯合聲明,提出兩個重點:一是雙方同意不應操縱匯率,藉此取得不公平競爭優勢;若因匯率波動過大不得不幹預,也不應單向而應採取雙向幹預。二是相關數據之發布與揭露,頻率將由現行每半年改為每季公佈一次。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>這項聯合聲明顯示台當局貨幣政策主管機關同意提升匯率資訊透明度,但也證實確實存在操縱匯率的事實。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>社論指出,今年來,台灣出口節期高升,10月出口金額突破600億美元,前10月出口累計首破5000億美元、貿易順差1218億美元,都創下新高。背後關鍵是AI需求強勁與因應關稅提前下單效應,但相對便宜的新台幣匯率,也是推波助瀾的幫手。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>根據台當局「主計總處」統計,今年第二及第三季台灣經濟成長率分別為8.01%及7.64%,是4年多來的新高及次高紀錄。其中,境外淨需求(出口減進口)這兩季平均貢獻率高達8.5%左右,就是最好的證明。這本該是好事,但若細看整體出口及產業結構組成,似乎又不是那麼一回事。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>社論指出,今年資通視聽與電子零組件,前10月出口佔比達73.2%,平均成長率51.8%。其中又以對美出口為最大宗,成長率高達63.3%。非電子及資通產品等傳統產業,如塑橡膠、紡織、基本金屬等,前10月出口分別衰退7%、6.8%及1%,呈現迥然不同的情境。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>出口情況清楚顯示,一個台灣,兩個世界。高度依賴美國的電子科技產業,賺得盆滿缽滿,傳統服務業及製造業卻獨自憔悴。這種高度「M型化」的產業發展,就是荷蘭病的寫照。電子及資通產品的高科技業創造七成以上出口額,從業人口僅佔製造業三成,意味絕大多數勞工及受薪階層,根本無感於這些亮眼數字,這都凸顯傳統產業與勞工的困境。</font></p>

<p style=”font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-indent: 0px; text-transform: none; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; white-space: normal; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; box-sizing: border-box; margin: 20px 0px; padding: 0px; border: 0px; color: rgb(34, 34, 34); font-family: &quot;PingFang SC&quot;, &quot;Hiragino Sans GB&quot;, &quot;Microsoft YaHei&quot;, &quot;WenQuanYi Micro Hei&quot;, &quot;Helvetica Neue&quot;, Arial, sans-serif; font-size: 18px; text-align: justify; background-color: rgb(255, 255, 255);”><font dir=”auto” style=”box-sizing: border-box; vertical-align: inherit;”>社論最後指出,面對「M型化」愈來愈嚴重的經濟與產業結構,《經濟學人》建議調整匯率政策、緩步讓台幣升值,究竟是不是一劑良藥,還有待時間證明。但可以肯定的是,若不正視此一問題、適時作出回應,譬如在科技與傳統產業之間調整政策資源,或在對外投資與貿易方面找到美中之間平衡點,甚至在經濟增長果實分配上讓人民有感,政黨再次輪換將指日可待。</font><a href=”https://xostrong.com/” style=”text-align: left; 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font-family:宋体; font-size:12pt”>強硬藥局資訊</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/contact” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”><font face=”宋体”>強硬藥局</font><font face=”Calibri”>LINE</font><font face=”宋体”>社群</font></span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/2″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>外用增強型壯陽藥</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/3″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>延時控制型壯陽藥</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/4″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>日常保健品</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/5″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>長效持久型壯陽藥</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/6″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>強硬藥局買一送一</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/7″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>強硬藥局第二件半價</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product-category/1″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>速效型助勃壯陽藥</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:11pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/k2″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”><font face=”宋体”>印度原裝進口壯陽</font></span><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”><font face=”宋体”>藥</font></span><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”><font face=”宋体”>哪裡買</font></span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/super-zodeo” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>無副作用植物壯陽補品</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/hongbaoshi” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>增強性能力天然草本配方</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/hongbaoshi” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>改善早洩的口服產品</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/shuiguo” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>男性持久力不足怎麼辦</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/krrista-2″ style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>長期調理男性功能保健食品</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/cavalo-power” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>壯陽產品有用嗎</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/product/vidofil-super-power” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>持久不洩男用膠囊推薦品牌</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>壯陽補腎每日保健調理選擇</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>中年男性補腎壯陽保健</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>速效犀利士</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>犀利士</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>印度犀利士</span></a><span style=”background-color:transparent; color:rgb(255, 0, 0); font-family:宋体; font-size:12pt; text-align:left”>&nbsp;</span><a href=”https://xostrong.com/” style=”text-align: left; background-color: transparent;”><span class=”15″ style=”color:rgb(255, 0, 0); font-family:宋体; font-size:12pt”>雙效犀利士</span></a></p>


カテゴリー: 未分類 | 投稿者tateyoc491 16:38 | コメントをどうぞ

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