产业经济周报：流动性支撑普涨行情，关注军工板块配置性价、宠物产业出海趋势-20250915

Group 1: Market Overview - The market experienced a broad-based rally from September 8 to September 12, with major indices achieving positive returns, including a 1.52% increase in the Shanghai Composite Index and a 5.48% rise in the Sci-Tech 50 Index [7][8] - The average daily trading volume decreased to 2.33 trillion yuan, down from 2.60 trillion yuan the previous week [7] - Global markets also saw gains, driven by rising expectations of a Federal Reserve rate cut, with the S&P 500 and Nasdaq indices increasing by 1.6% and 2.0% respectively [8] Group 2: Consumer Sector Insights - The pet industry in China is accelerating its international expansion, with a notable increase in export value by 12.4% and export volume by 21.9% in 2024, while imports decreased by 12.1% in value and 15.1% in volume [19][20] - Nearly 90% of domestic pet companies have either established or plan to establish overseas operations, primarily led by companies with revenues exceeding 10 million yuan [23][24] - The shift towards brand development and the use of cross-border e-commerce platforms are facilitating the internationalization of Chinese pet brands [34][35] Group 3: High-end Manufacturing Insights - The recent military parade on September 3 showcased over 100 types of domestically produced military equipment, highlighting advancements in China's defense capabilities [38][41] - The defense industry is expected to see sustained demand for equipment upgrades and new acquisitions, with several listed companies in the defense sector disclosing significant order information this year [45][46] - Despite a short-term market correction following the parade, the long-term growth trajectory of the defense industry remains intact, supported by a robust order pipeline [42][45]