Table of Contents
Investment Summary 3
Chain Store Evolution 5
China Chain Store Retailing in its Early
Phase 11
More Consolidation Ahead 15
Rise of the Chinese Empire 19
Recommendations 22
Appendix 29
Stock Profiles 51
China Mengniu 52
China Paradise 54
China Yurun 56
Cofco Int'l 58
Dynasty Fine Wines 60
Glorious Sun 62
Golden Eagle 64
GOME Electrical 66
Hengan Int'l 68
Kingway Brewery 70
Lianhua 72
LI NING 74
Parkson Retail 76
Peace Mark 78
Ports Design 80
Prime Success 82
Tingyi Cayman 84
Tsingtao Brewery 86
Wumart Stores 88

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