Contents page
Investment summary 3
— An overview of sector performance in 2011-12.....................................................8
— Will the government change the one-child policy?..............................................16
— Negative impact on alcohol consumption from stringent controls on corruption ..18
Company pages 19
— Tingyi Cayman Islands.......................................................................................20
— China Mengniu Dairy..........................................................................................23
— China Agri Industries Holdings ...........................................................................26
— China Modern Dairy ...........................................................................................29
— China Yurun Food..............................................................................................32
— Uni-President China Holdings ............................................................................35
— Tsingtao Brewery ...............................................................................................38
— Want Want China Holdings ................................................................................41
— Yashili International............................................................................................44