【纺织制造】国家科技奖颁奖，2 个纺织项目获科技进步二等奖；【服装家纺】新疆口岸进口大批量服装；【国际新闻】美津浓联手名车品牌推新品，高科技成最大看点

孕婴童市场由商品制造、商品零售、医疗卫生、教育服务等11个大行业，50多个子行业组成。从产品形态上来看，孕婴童市场可以分为孕婴童产品和孕婴童服务两个大类，其中孕婴童产品是指针对孕产妇以及各个年龄段的婴童（如0-3岁，0-6岁，0-12岁等阶段）在衣、食、住、行、教、娱、等各个需求方面的产业；孕婴童服务包括教育、医疗、娱乐等服务产业。

1-11月份，社会消费品零售总额累计值27.2万亿元，同比增长10.6%。增速较去年有所放缓。

报告包括电子商务方面的重要观点、政策与环境、网购平台、行业应用、电商物流、电商金融等研究。

“十三五”是我国实现经济结构调整升级和发展方式转变的关键时期，是纺织工业由大变强、建设纺织强国的重要战略机遇期。伴随着世界经济逐步复苏，《中国制造 2025》、“一带一路”等战略的实施，多领域发展的迫切要求和生活水平提高的新期待，为产业用纺织品行业提供了广阔的发展空间。

12 月份大盘大幅反弹，几乎所有板块均处于大幅上涨状态，只有少数板块处于下跌。涨幅榜前列的是休闲服务、房地产、家用电器、建筑材料板块。医药行业处于涨幅榜中上游，大涨 5.76%。主要是化学原料药部分品种大幅上涨，另外，中药板块受到政策利好的影响，大幅反弹并带动整个板块向上。我们认为，随着人口老龄化的不断加深，医药股仍存在很多的机会。

截至到12月15日整体涨幅21.50%，位居申万行业28个一级分类倒数第六位。基金持仓三季度虽上升至3.87%，远低于历叱峰值的8.8%。从估值角度看，食品饮料丌论相对估值还是绝对估值目前都处于较低水平，绝对估值28.19倍处于申万行业一级分类中下水平，相对A股整体估值溢价为1.79倍，而历史均值为2.08，估值洼地效应显著。而拉长来看，板块从2012年中的鼎盛时期已经沉寂了3年之久。

历经两年深度调整后， 2015 年国内葡萄酒市场显现基本面底部，1-10 月国产酒与瓶装进口酒产量同比增 4%、 38%，其中瓶装进口占比达 26%，较年初增加 5pct。 因短期内国内消费者对葡萄酒进口偏好需求不减，叠加中国陆续对智利、澳大利亚实行零关税政策，我们预计进口酒占比提升将是必然趋势；但目前消费者对葡萄酒品鉴水平较低、尚未对进口品牌建立足够认知，进口酒市场品牌繁多、格局远未稳定。

报告包括电子商务方面的重要观点、政策与环境、网购平台、行业应用、电商物流、电商金融等研究。

报告包括电子商务方面的重要观点、政策与环境、网购平台、行业应用、电商物流、电商金融等研究。

Duty-free retailers are those that are exempt from certain local and national taxes and duties because they sell goods to international travelers. However, taxes may be imposed on them once the buyer reaches their country of destination or when the value or quantity of those goods exceeds certain limits. Such retailers are available at international airports, border towns, seaports, train stations, and on board aircraft and ships. These retailers sell full ranges of perfumes, cosmetics, alcohol, cigarettes, chocolates, electronics, accessories, etc.

Retail is a fast moving industry that seeks continuous innovation and technology support to improve customer experience and boost industry operations. Technology is rapidly driving transformation throughout the retail industry. Mobile technology and social media have exerted a substantial impact on retail businesses as consumers use these channels for shopping, online promotions, coupons, price and product comparisons, and gain information.

Luxury e-tailing involves the sales of luxury items from the vendor or retailer to the customer using the online medium. With the rapidly changing market dynamics, the vendors are required to adapt to the users' tastes. Customers have moved to Internet purchasing to find better product fulfillment and convenience. Many brick-and-mortar retailers offer multi-channel retailing so that shoppers also have the option of placing orders conveniently online. This has given rise to e-tailers, which include the vendors that operate online and some brick-and-mortar businesses that operate websites to reach consumers.