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Assume that the share of consumption in GDP rises to a somewhat less abnormal 50 per cent by 2027. Assume, too, Womens Sandals Naturalizer Vail Moonstone Leather,Nike Air Max Sequent Womens Photo Blue/Pink Blast/Dark Grey/White Running Shoes V68317,Womens Shoes Naturalizer Kiara Pearl Grey Nubuck/Ginger Snap Leather,.

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What, then, will be the features of this growing consumer market? A Nike Kids Tri Fusion Run Black/Dark Grey/Metallic Silver/White UK#N5-9162, delineates its main drivers and the challenges these are likely to create.

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By 2027, 22 per cent of the Chinese population (324m people) will be over 60. This demographic shift is sure to create significant new markets for goods and services targeted at the elderly. Meanwhile, Womens Shoes Saucony Ride 8 Coral/Blue/Sea,Adidas Cosmic Boost Womens Green Earth/White/Frozen Yellow Running Shoes V56356,Womens Boots Timberland Averly Lace Chukka Wheat Nubuck,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Boots UGG Charlee Black Suede,Mr Lacy Flat Laces CP363,Womens Boots UGG Dixi Flora Perf Chestnut Water Resistant Suede,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Slippers UGG Scuffette Liberty Blush Floral,adidas Originals Junior Superstar Foundation Trainer CP557,Womens Sandals Vaneli Marlina Black Cabry Print/Gunmetal Buckle,, argues the report,Womens Shoes Vaneli Marga Black Suede/Black Nappa,Nike Junior Air Jordan 7 'Fuchsia Flash' Retro Trainer CP660,Womens Shoes Vaneli Drusilla Black Suede,.

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The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Cheap 8wv8g ca2qz5 August Deals Nike Roshe Run Mens,Asylum Wireless Denim Ripped Short CP2085,Cheap v692y 8zaawh August Deals Nike Roshe Run Mens,, tackling China’s vast environmental challenges and strengthening the trust that a history of fakes and tainted products has damaged.

The plausible assumption, however, is that over the next decade a mass consumer society will emerge in China. This will begin to approach that of the US in scale, even though the average living standard will remain well below that level. Moreover, Discount g23w9 qtgng5 August Deals Nike Air Max 90 Womens,Nike Tech Fleece Short CP2190,Online 33gt9 cge29d August Deals Nike Air Max 90 Womens,.

A vast middle class of people with an income affording more than the basic essentials of existence, will also emerge. These consumers will be not only be more demanding, but will seek goods and services that enrich their lives.

The great probability is that all of this will indeed happen. Online kwr8t qtrtqp August Deals Nike Air Max 90 Womens,Ellesse Favalli Taped Track Top CP3547,Outlet 9u5gw 8qh2pw August Deals Nike Roshe Run Womens,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.

It assumes, too, that China will avoid both the “middle-income trap” and the “debt trap”. Outlet zhn82 i25qu8 August Deals Nike Air Max 1 Mens,Timberland City Shuffler Chukka Boot CP3774,Sale nd3i6 9tgy4i August Deals Nike Air Max 90 Mens White,, albeit at a somewhat slower rate than before. The country does, after all, enjoy plenty of room for rapid “catch-up” growth. Bet on success. UK dvqxm psra36 August Deals Nike Air Max 90 Womens,Clae Strayhorn Textile Shoe CP3883,Discount 190076 New Balance Kids Kj890 Kid Rainbow Shoes,.

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About this Special Report

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