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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 Shoes Nike Air Max Siren Pure Platinum/Vivid Purple/Ghost Green,Nike Free Rn Distance Mens Black/Metallic Pewter/Barely Green/Voltage Green Running Shoes V21882,Womens Sandals PATRIZIA Patna Camel,.
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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 Vaneli Berry Dark Violet Ecco Suede,Men's Nike Air Pegasus 83 Leather Red Clay/Gym Red/Team Red/Deep Burgundy UK#N5-8728,Womens Shoes Vaneli Hadera Black Smack Patent,.
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As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Men's Regista Tech Softshell Jacket,Women's Nike Air Max Dynasty Wolf Grey/Chalk Blue/Cool Grey/White UK#N5-9464,Men's Response Dual Shorts,, argues the report,Training ACTV PWR 2 in 1 Shorts,Calvin Klein Cotton Stretch 3 Pack Boxer Short CP401,Women’s Boyfriend Sweater,.
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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, Cheap 155801 Adidas ZX 700 Men Dark Green Gold Shoes,Nike Tech Fleece Short CP2177,Shopping 226565 Air Jordan Retro Men White Royal Shoes,.
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.
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