Contents:

INTRODUCTION - Report Coverage - Executive Summary - China’s Retail Statistics: A Cautionary Note - The Problems With Chinese Retail Data? - Abbreviations Used - Other Relevant Reports from Access Asia - Free Online Newsletter and Editorials 1 CHINA’S READY MEALS MARKET 1.1 Overview 1.2 China’s Total Food & Beverage Market 1.2.1 Total Food Market: Food & Non-food Sales Table 1.1 TOTAL CURRENT VALUE RETAIL SALES BY FOOD AND NON-FOOD, 2003-2009* 1.2.2 Total Food Market: Food/Non-food Split Table 1.2 % BREAKDOWN OF VALUE RETAIL SALES BY FOOD AND NON-FOOD, 2003-2009* 1.2.3 Total Food Market: Urban and Rural Split Table 1.3 TOTAL CURRENT VALUE RETAIL SALES BY FOOD & NON-FOOD, 2003-2009* 1.2.4 Total Food Market: The Trends Figure 1.1: Total Volume Growth in Retail Sales of Selected Food Products in China, 2003-2009 Figure 1.2: Per Capita Volume & Growth of Retail Sales of Selected Food Products in China, 2003/2009 Table 1.4 CURRENT VALUE RETAIL FOOD SALES BY MAJOR PRODUCT CATEGORY, 2003-2009* 1.2.5 Total Food Market: Urban Value Trends Table 1.5 CURRENT VALUE URBAN RETAIL FOOD SALES BY MAJOR PRODUCT CATEGORY, 2003-2009* 1.2.6 Total Food Market: Rural Value Trends Table 1.6 CURRENT VALUE RURAL RETAIL FOOD SALES BY MAJOR PRODUCT CATEGORY, 2003-2009* 1.3 China’s Ready Meal Market 1.3.1 The Ready Meal Market: Total Market Size Table 1.7 TOTAL RETAIL MARKET VALUE FOR READY MEALS IN CHINA, 2003-2009 1.3.2 The Ready Meal Market: Total Market Size in Volume Terms Table 1.8 TOTAL RETAIL MARKET VOLUME FOR READY MEALS IN CHINA, 2003-2009 1.3.3 The Ready Meal Market: Food Market Significance Table 1.9 THE READY MEALS MARKET AS A PROPORTION OF TOTAL FOOD SALES IN CHINA, 2003-2009 1.4 Sector Breakdown 1.4.1 Sector Breakdown: Sector Sizes Table 1.10 MARKET FOR READY MEALS BY SECTOR IN CHINA, 2003-2009 1.4.2 Sector Breakdown: Sector Shares Table 1.11 % BREAKDOWN OF READY MEALS BY SECTOR IN CHINA, 2003-2009 1.4.3 Sector Breakdown: Growth Rates Table 1.12 % ANNUAL GROWTH FOR READY MEALS BY SECTOR IN CHINA, 2003-2009 1.5 Canned Ready Meals Sector 1.5.1 Canned Ready Meals Sector: Subsector Values & Volumes Table 1.13 CANNED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.5.2 Canned Ready Meals Sector: Subsector Breakdown Table 1.14 % BREAKDOWN OF CANNED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.5.3 Canned Ready Meals Sector: Subsector Growth Table 1.15 ANNUAL GROWTH OF CANNED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2006 1.6 Chilled Ready Meals Sector 1.6.1 Chilled Ready Meals Sector: Subsector Values & Volumes Table 1.16 CHILLED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.6.2 Chilled Ready Meals Sector: Subsector Breakdown Table 1.17 % BREAKDOWN OF THE CHILLED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.6.3 Chilled Ready Meals Sector: Subsector Growth Table 1.18 ANNUAL GROWTH OF THE CHILLED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.7 Dried Ready Meals Sector 1.7.1 Dried Ready Meals Sector: Subsector Values & Volumes Table 1.19 DRIED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.7.2 Dried Ready Meals Sector: Subsector Breakdown Table 1.20 % BREAKDOWN OF DRIED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.7.3 Dried Ready Meals Sector: Subsector Growth Table 1.21 ANNUAL GROWTH OF DRIED READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.8 Frozen Ready Meals Sector 1.8.1 Frozen Ready Meals Sector: Subsector Values & Volumes Table 1.22 FROZEN READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.8.2 Frozen Ready Meals Sector: Subsector Breakdown Table 1.23 % BREAKDOWN OF FROZEN READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.8.3 Frozen Ready Meals Sector: Subsector Growth Table 1.24 ANNUAL GROWTH OF FROZEN READY MEALS SECTOR VALUE & VOLUME RETAIL SALES BY SUBSECTOR, 2003-2009 1.9 Regional Markets 1.9.1 Regional Markets: Provincial Values Table 1.25 CURRENT VALUE OF READY MEALS RETAIL MARKET BY PROVINCE IN CHINA, 2003-2009 1.9.2 Regional Markets: Provincial Per Capita Spend Table 1.26 PER CAPITA CURRENT VALUE OF READY MEALS RETAIL MARKET BY PROVINCE IN CHINA, 2003-2009 1.9.3 Regional Markets: Provincial Volumes Table 1.27 VOLUME OF READY MEALS RETAIL MARKET BY PROVINCE IN CHINA, 2003-2009 1.9.4 Regional Markets: Provincial Per Capita Volume Consumption Table 1.28 PER CAPITA VOLUME OF READY MEALS RETAIL MARKET BY PROVINCE IN CHINA, 2003-2009 1.10 Market Background Drivers 1.10.1 Market Background Drivers: Refrigerator and Freezer Household Ownership Table 1.29 NUMBER OF OWNERS OF FRIDGE-FREEZERS PER 100 URBAN HOUSEHOLDS, 2003-2007 Table 1.30 NUMBER OF OWNERS OF FRIDGE-FREEZERS PER 100 RURAL HOUSEHOLDS, 2003-2007 Table 1.31 PROPORTION RURAL FRIDGE-OWNING HOUSEHOLDS AS A % OF PROPORTION URBAN FRIDGE-OWNING HOUSEHOLDS, 2003-2007 Table 1.32 RURAL APPLIANCE REBATE SCHEME TOP THREE MOST POPULAR ITEMS, UP TO 22 MAY 2009 1.10.2 Market Background Drivers: Overall Consumer Confidence 1.11 Market Shares 1.11.1 Market Shares: A Cautionary Word 1.11.2 Market Shares: Frozen Foods Market Value Shares Table 1.33 LEADING NATIONAL FROZEN FOOD COMPANY MARKET SHARES BY SALES REVENUE, 2004-2008 1.11.3 Market Shares: Meat Industry Revenue Shares Table 1.34 LEADING COMPANY PROCESSED MEAT INDUSTRY REVENUE MARKET SHARES, 2004–2008 1.11.4 Market Shares: Instant Noodle Market Value Shares Table 1.35 INSTANT NOODLE MARKET SHARE BY VALUE, DECEMBER 2006–MARCH 2009 Table 1.36 INSTANT NOODLE MARKET SHARE BY VOLUME, DECEMBER 2006–MARCH 2009 1.12 Prices 1.12.1 Prices: Retail Price Indices Table 1.37 AVERAGE INCOME ANNUAL GROWTH BY SECTOR, 2005–2008 Table 1.38 RETAIL PRICE INDICES BY BROAD SECTOR, 2001–2008 1.12.2 Prices: Average Unit Values Table 1.39 AVERAGE UNIT RETAIL PRICES OF READY MEAL PRODUCTS BY SECTOR IN CHINA, 2003–2009 Table 1.40 GROWTH OF AVERAGE UNIT RETAIL PRICES OF READY MEAL PRODUCTS BY SECTOR, 2003–2009 1.12.3 Prices: Selected Product Prices Chilled Ready Meals Table 1.41 RETAIL PRICES OF SELECTED CHILLED READY MEALS, AUGUST 2009 Instant Noodles Table 1.42 RETAIL PRICES OF SELECTED INSTANT NOODLES, NOVEMBER 2009 Frozen Pizza Table 1.43 RETAIL PRICES OF SELECTED FROZEN PIZZAS, FEBRUARY 2009 Frozen Ready Meals Table 1.44 RETAIL PRICES OF SELECTED FROZEN READY MEALS, FEBRUARY 2009 1.13 Ready Meals Outlook 1.13.1 Outlook: Forecast Trends 1.13.2 Outlook: Total Market Size In Value Terms Table 1.45 FORECAST TOTAL READY MEALS MARKET VALUE IN CHINA, 2010–2014 1.13.2 Outlook: Total Market Size In Volume Terms Table 1.46 FORECAST TOTAL READY MEALS MARKET VOLUME IN CHINA, 2010–2014 1.13.3 Outlook: Sector Values Table 1.47 FORECAST SALES OF READY MEALS BY SECTOR IN CHINA, 2010–2014 1.13.4 Outlook: Sector Breakdown Table 1.48 FORECAST PERCENTAGE BREAKDOWN OF READY MEALS BY SECTOR IN CHINA, 2010–2014 1.13.5 Outlook: Sector Growth Table 1.49 FORECAST ANNUAL GROWTH OF READY MEALS BY SECTOR IN CHINA, 2010–2014 1.14 Current Issues 1.14.1 Current Issues: Rural Retailing Development Project Table 1.50 STANDARDS FOR COUNTRYSIDE STORES IN VILLAGES Table 1.51 STANDARDS FOR COUNTRYSIDE STORES IN TOWNS/TOWNSHIPS Table 1.52 RURAL RETAILING PROJECT COUNTRYSIDE STORES IN VILLAGES, APRIL 2009 Table 1.53 RURAL RETAILING PROJECT COUNTRYSIDE STORES IN TOWNS/TOWNSHIPS, APRIL 2009 Table 1.54 RURAL RETAILING PROJECT DISTRIBUTION CENTRES, APRIL 2009 Table 1.55 RURAL RETAIL DEVELOPMENT PROJECT TOTAL NUMBER OF PARTICIPATING COMPANIES, 2005-2008 Table 1.56 RURAL RETAIL DEVELOPMENT PROJECT COMPANY STRUCTURE, 2007 1.14.2 Current Issues: Linking the Chill Chain 1.14.3 Current Issues: Private Label Table 1.57 CHINA TOP-100 RETAILER’S TOTAL SALES AND PRIVATE LABEL SALES COMPARED, 2005-2009* 1.14.4 Current Issues: Food Safety 1.14.5 Current Issues: Dangerous Food: Eating Poison 1.14.6 Current Issues: Fat Food: Facing an Obesity Epidemic 1.14.7 Current Issues: Genetically Modified (GM) Food 1.14.8 Current Issues: Going Green/Organic 1.14.9 Current Issues: Organic Farming 1.14.10 Current Issues: Packaging Waste 1.14.11 Current Issues: Vegetarianism: Consumers vote with their feet 1.14.12 Current Issues: Avian Flu 2 MARKETING & DISTRIBUTION 2.1 Marketing & Advertising 2.1.1 Marketing & Advertising: Trends Conventional Media Advertising Table 2.1 ADVERTISING EXPENDITURE IN CHINA, 2004-2008 Online Advertising Table 2.2 ONLINE ADVERTISING EXPENDITURE IN CHINA, 2004-2008 2.1.2 Marketing & Advertising: Leading Advertised Product Categories Table 2.3 TOP 10 ADVERTISING CATEGORIES IN CHINA, 2007 2.1.3 Marketing & Advertising: Leading Advertised Brands Table 2.4 TOP 10 ADVERTISED BRANDS IN CHINA BY ADSPEND, 2007-2008 2.1.4 Marketing & Advertising: Leading Advertisers Table 2.5 CHINA’S TOP TEN ADVERTISERS, 2004-2006 Table 2.6 CHINA’S TOP TEN ADVERTISERS, 2006-2007 2.1.5 Marketing & Advertising: The Prime-time Advertising Auction Table 2.7 PRIME-TIME ADVERTISING AUCTION ON CHINA’S CCTV, 2000-2009 2.1.6 Marketing & Advertising: Brand Preferences Choice Factors in China Age & Location Table 2.8 BRAND PREFERENCES IN TERMS OF AGE GROUPS & LOCATIONS IN CHINA, 2007 Quality Versus Image Table 2.9 FACTORS DETERMINING BRAND CHOICES IN CHINA, 2007 Local Versus Foreign Table 2.10 BRAND PREFERENCES IN CHINA, 2007 “Chameleon” Brands Table 2.11 TOP CHAMELEON BRANDS IN CHINA, 2008 2.1.7 Marketing and Advertising in China: Brand Equity 2.1.8 Marketing & Advertising: Emerging Local Brands Table 2.12 CHINA’S MOST VALUABLE BRANDS, 2008/2009 2.1.9 Marketing & Advertising: Pricing Issues Table 2.13 CONSUMERS WHO TRADE UP OR DOWN BY INCOME SEGMENTS, 2007 Table 2.14 CONSUMERS WHO TRADE UP OR DOWN BY CATEGORIES, 2007 2.1.10 Marketing & Advertising: Online Sales Table 2.15 PER CAPITA ONLINE SHOPPING VALUE, 2003-2008 Table 2.16 SITES PREFERRED BY ONLINE SHOPPERS, 2008 Table 2.17 TOP 10 RETAIL ITEMS ON TAOBAO.COM, 2008 Table 2.18 TOP ONLINE SHOPPING TRANSACTION BY REGION, 2007 Table 2.19 TOP REASONS FOR NOT SHOPPING ONLINE, 2007 2.2 Consumers 2.2.1 Consumer Profile: Broad Consumer Trends 2.2.2 Consumers: Profile of Chilled Food Consumers 2.3 Wholesale Distribution 2.3.2 Wholesaling: Meat Wholesaling 2.3.3 Wholesale Distribution: The Role of the Wet Markets Table 2.22 WET MARKET DEVELOPMENT & SIGNIFICANCE TO OVERALL FOOD EXPENDITURE, 2001-2007 2.4 Retail Distribution Table 2.23 % BREAKDOWN OF CHILLED AND FROZEN READY MEALS RETAIL SALES BY OUTLET TYPE IN CHINA, 2003-2009 3 SWOT ANALYSIS 3.1 Strengths 3.2 Weaknesses 3.3 Opportunities 3.4 Threats 4 LEADING COMPANY PROFILES 4.1 Asia Food & Properties Ltd. (AFP) 4.1.1 AFP: Company Details 4.1.2 AFP: Company Background 4.1.3 AFP: China Activities Table 4.1 AFP: MANUFACTURING CAPACITY 4.1.4 AFP: Financial Results 4.2 China Kangda (Konde) Food Co., Ltd. 4.2.1 China Kangda Food: Company Details 4.2.2 China Kangda Food: Company Background 4.2.3 China Kangda Food: Financial Summary Table 4.2 CHINA KANGDA FOOD CO., LTD.: FINANCIAL RESULTS, 2007/2008 4.3 China Yurun Food Industry Group Co., Ltd. 4.3.1 China Yurun: Company Details 4.3.2 China Yurun: Company Background Table 4.3 CHINA YURUN FOOD INDUSTRY GROUP CO., LTD.: SUBSIDIARIES, 2008 4.3.3 China Yurun: Financial Results Table 4.4 CHINA YURUN FOOD INDUSTRY GROUP CO., LTD.: FINANCIAL RESULTS, 2004-2008 4.4 DaChan Group 4.4.1 DaChan Group: Company Details 4.4.2 DaChan Group: Company Background 4.4.3 Dachan Group: Financial Results Table 4.5 DACHAN GROUP CO., LTD.: FINANCIAL RESULTS, 2004-2008 4.5 Nestlé 4.5.1 Nestlé: Company Details 4.5.2 Nestlé: China Operations Table 4.6 NESTLÉ: PRINCIPLE OPERATING COMPANIES IN CHINA 4.5.3 Nestlé: Financial Results Table 4.7 NESTLÉ: FINANCIAL RESULTS, 2004-2008* 4.6 Nissin Food Products Co., Ltd. 4.6.1 Nissin Foods: Company Details 4.6.2 Nissin Foods: Company Background 4.6.3 Nissin Foods: China Activities 4.6.4 Nissin Foods: Financial Results Table 4.8 NISSIN FOOD PRODUCTS: FINANCIAL RESULTS, 2004/05-2008/09* 4.7 Synear (Sinian) Food 4.7.1 Synear (Sinian) Food: Company Details 4.7.2 Synear (Sinian) Food: Company Background 4.7.3 Synear (Sinian) Food: Financial Results Table 4.9 SYNEAR (SINIAN) FOOD CO., LTD.: FINANCIAL RESULTS, 2006-2008 4.8 Tingyi (Cayman Islands) Holdings Corporation 4.9.1 Tingyi: Company Details 4.9.2 Tingyi: Company Organisation 4.9.3 Tingyi: Noodles 4.8.4 Tingyi: Financial Results Table 4.10 TINGYI: FINANCIAL RESULTS, 2004-2008 4.9 Toyo Suisan Kaisha Co., Ltd. 4.10.1 Toyo Suisan Kaisha: Company Details 4.9.2 Toyo Suisan Kaisha: Company Background 4.9.3 Toyo Suisan Kaisha: Financial Results Table 4.11 TOYO SUISAN KAISHA: FINANCIAL RESULTS, 2004/05-2008/09* 4.10 Uni-President Enterprises Corporation 4.10.1 Uni-President: Company Details 4.10.2 Uni-President: Company Background 4.10.3 Uni-President: China-based Noodle Activities 4.10.4 Uni-President: Financial Results Table 4.12 UNI-PRESIDENT ENTERPRISES CORPORATION: FINANCIAL RESULTS, 2004-2008 4.11 Zhengzhou Sanquan Foods 4.11.1 Zhengzhou Sanquan Foods: Company Details 4.11.2 Zhengzhou Sanquan Foods: Company Background 4.11.3 Zhengzhou Sanquan Foods: Financial Results Table 4.13 ZHENGZHOU SANQUAN FOODS CO., LTD.: FINANCIAL RESULTS, 2005-2008 4.12 Zhongpin, Inc. 4.12.1 Zhongpin: Company Details 4.12.2 Zhongpin: Company Background 4.12.3 Zhongpin: Financial Results Table 4.14 ZHONGPIN, INC.: FINANCIAL RESULTS, 2004-2008 4.13 Zhucheng Delisi Group 4.13.1 Zhucheng Delisi Group: Company Details 4.13.2 Zhucheng Delisi Group: Company Background 5 CONTACTS 5.1 Trade Organisations 5.1.1 China National Cereals, Oils & Foodstuffs Import & Export Corporation 5.1.2 All-China Federation of Industry & Commerce 5.1.3 China Canned Food Industry Association 5.2 Government Departments 5.2.1 Agriculture Ministry 5.2.2 Ministry of Commerce 5.2.3 Ministry of Health 6 EXHIBITIONS & TRADE FAIRS 6.1 International FoodTec China 6.2 China FoodTech 6.3 China International Food Expo 6.4 China Refrigeration & Frozen Food Processing & Packaging APPENDIX: MARKET BACKGROUND A.1 Fast Facts A.2 Regions of China Map A.1 CHINA: PROVINCES AND MUNICIPALITIES A.3 Demographics A.3.1 Demographics: Total Population Table A.1 TOTAL POPULATION, 2003–2009* A.3.2 Demographics: Population by Location Table A.2 POPULATION BY URBAN-RURAL DIVIDE, 2003–2009* Table A.3 POPULATION % BREAKDOWN BY URBAN-RURAL DIVIDE, 2003–2009* A.3.3 Demographics: Population by Province Table A.4 POPULATION BY PROVINCE, 2003–2009* A.3.4 Demographics: Population Density by Province Table A.5 POPULATION DENSITY BY PROVINCE, 2005-2008 A.3.5 Demographics: Population Concentration Map A.2 POPULATION CONCENTRATIONS BY PROVINCE, 2009* A.3.6 Demographics: Population by Gender Table A.6 TOTAL POPULATION BY GENDER & % BREAKDOWN, 2003–2009* A.3.7 Demographics: Population by Age Group Table A.7 POPULATION BY AGE GROUP, 2003–2009* Table A.8 % BREAKDOWN OF POPULATION BY AGE GROUP, 2003–2009* A.4 Consumer Attitudes A.4.1 Consumer Attitudes: Overview A.4.2 Consumer Attitudes: Response to Political Change A.4.2 Consumer Attitudes: Response to Economic Change A.4.3 Consumer Attitudes: Changes in Lifestyle - Livelihood - Individual loans - Housing - Possessions - Travel - Entertainment - Health and Fitness - Purchasing Influences - Taboos A.5 Consumer Wealth A.5.1 Consumer Wealth: GDP and Cost of Living China’s New Middle Class Table A.9 MIDDLE AND UPPER INCOME HOUSEHOLDS IN CHINA, 1995/2000/2005/2010/2015 Table A.10 TOTAL CONSUMPTION BY MIDDLE AND UPPER INCOME HOUSEHOLDS, 2005/2010/2015 Table A.11 CONSUMPTION BY MIDDLE AND UPPER INCOME HOUSEHOLDS & % OF TOTAL HOUSEHOLDS, 1995/2000/2005/2010/2015 Confident Shoppers Table A.12 GDP AND COST OF LIVING INDEX, 2003–2009* A.5.2 Consumer Wealth: Provincial GDP Table A.13 GDP BY PROVINCE, 2003–2009* A.5.3 Consumer Wealth: GDP Growth by Province Table A.14 GDP GROWTH BY PROVINCE, 2003–2009* A.5.4 Consumer Wealth: GDP Per Capita by Province Table A.15 PER CAPITA GDP BY PROVINCE, 2003–2009* A.5.5 Consumer Wealth: Concentration of Wealth by Province Map A.3 VALUE OF GDP PER CAPITA BY PROVINCE, 2009* A.5.6 Consumer Wealth: The Major Cities Table A.16 LEADING CITIES KEY ECONOMIC INDICATORS, 2008 A.6 Households A.6.1 Households: Overview of Household Conditions A.6.2 Households: Total Households by Size Table A.17 NUMBER OF HOUSEHOLDS BY SIZE, 2003–2009* A.6.3 Households: Total households by Urban/Rural Split Table A.18 NUMBER AND SIZE OF HOUSEHOLDS BY LOCATION, 2003–2009* A.6.4 Households: Income Earners Per Household Table A.19 AVERAGE NUMBER OF INCOME EARNERS PER HOUSEHOLD, 2003–2009* A.7 Employment A.7.1 Employment: Number of Workers by Sector Table A.20 NATIONAL EMPLOYMENT BY SECTOR, 2002–2008 A.7.2 Employment: Growth by Sector Table A.21 GROWTH IN EMPLOYMENT BY SECTOR, 2002–2008 A.7.3 Employment: Number of Workers by Gender Table A.22 TOTAL NATIONAL WORKFORCE BY GENDER, 2002–2008 A.7.3 Employment: Number of Workers by Habitation Table A.23 NATIONAL WORKFORCE BY HABITATION, 2002–2008 A.7.4 Employment: Urban Unemployment Table A.24 URBAN UNEMPLOYMENT RATES, 2002–2008 A.8 Consumer Income A.8.1 Consumer Income: Average Incomes by Sector Table A.25 AVERAGE INCOMES BY SECTOR, 2002–2008 A.8.2 Consumer Income: Growth by Sector Table A.26 GROWTH IN AVERAGE INCOMES BY SECTOR, 2002–2008 A.8.3 Consumer Income: Average Incomes by Region Table A.27 AVERAGE INCOMES BY REGION, 2002–2008 A.8.4 Consumer Income: Growth by Region Table A.28 GROWTH IN AVERAGE INCOMES BY REGION, 2002–2008 A.9 Consumer Market A.9.1 Consumer Market: Spending Trends Table A.29 CONSUMER EXPENDITURE** BY BROAD SECTOR AT CURRENT PRICES, 2002–2009* A.9.2 Consumer Market: Per Capita Consumer Expenditure Table A.30 PER CAPITA CONSUMER EXPENDITURE** BY BROAD SECTOR AT CURRENT PRICES, 2002–2009* A.9.3 Consumer Market: Retail Sales and Consumer Spending Table A.31 RETAIL SALES AS A PROPORTION OF CONSUMER EXPENDITURE**, 2002–2009* A.9.4 Consumer Market: Urban Income and Spending Compared Table A.32 URBAN & RURAL AVERAGE ANNUAL INCOME/EXPENDITURE, 2002–2008 A.10 Exchange Rates A.10.1 Exchange Rates: China Table A.33 AVERAGE ANNUAL RENMINBI EXCHANGE RATES AGAINST A VARIETY OF CURRENCIES, 2001–2008 A.10.2 Exchange Rates: Hong Kong Table A.34 AVERAGE ANNUAL HONG KONG DOLLAR EXCHANGE RATES AGAINST THE UNITED STATES DOLLAR AND RENMINBI, 2001–2008