Market Performance - On October 15, the Shanghai Composite Index returned to 3900 points, with the ChiNext Index rising over 2.3% [1][2] Economic Indicators - In September, China's total import and export value increased by 8% year-on-year, reaching a new high for the year, indicating a recovery in both domestic and external demand [2] - The core Consumer Price Index (CPI) has risen for the fifth consecutive month, while the Producer Price Index (PPI) has seen a narrowing year-on-year decline, reflecting a gradual accumulation of internal momentum and alleviating profit pressures in the industrial sector [2] Trade Resilience - September exports grew by 8.4%, attributed to the effectiveness of market diversification strategies and optimization of export structures, which reduced reliance on a single market [2] - Cumulative imports and exports in the first three quarters maintained positive growth, showcasing China's enhanced resilience to external risks [2] Sector Performance - The technology sector has seen a boost from domestic breakthroughs, such as the release of domestic EDA software, which fills gaps in high-end tools [2] - Growth logic in sectors like new energy and intelligent equipment has been further solidified, providing fundamental support for technology and high-end manufacturing sectors in the A-share market [2] Market Outlook - The A-share market is expected to continue a structural trend under the backdrop of fundamental recovery and expectations of policy easing [3] - The moderate domestic price levels provide room for macro policy adjustments, while resilient exports and technological breakthroughs strengthen long-term confidence [3] - Recommendations for asset allocation include focusing on technology, new energy, and high-end manufacturing sectors, which may benefit from improved domestic demand, industrial upgrades, and globalization [3]