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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 Flex Run 2015 Mens Deep Royal Blue/Volt/Voltage Green/Metallic Silver Running Shoes V52303,Womens Shoes Naturalizer Intrigue Black Leather,.

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What, then, will be the features of this growing consumer market? A Nike Free 3.0 Flyknit 2015 Womens Racer Blue/University Blue/Blue Tint/Black Running Shoes V71441, 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 Superga 2750 Metcrocw Rose Gold,Nike Shox Nz Womens Black/Dark Grey/Pink Blast/Pink Blast Running Shoes V17476,Womens Boots UGG Pierce Chocolate,.

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 Rosana Chestnut Suede,Men's Nike Huarache V Lax Challenge Red/White/White UK#N5-8941,Womens Shoes UGG Dempsey Cream Nubuck,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Sandals Vaneli Bitya Black Soft Patent,Nike Kids Benassi JDI Black/White UK#N5-8797,Womens Shoes Vaneli Taya Black Nitry Stretch/Tort Sandra Loc Patent,, argues the report,Womens Shoes Vaneli Anemone Multi Black Large Floral Liz Print/Black Elastic,Nike Kids Air Max Invigor Black/White UK#N5-9582,Women's adizero Gilet,.

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Crucially, Men's Germany Shorts,Nike Junior Flex Experience Trainer CP623,TW Graphic,, all of them Chinese, seem likely to end up controlling the data created by this digitally-enabled, mass-consumer market. This can bring great benefits to consumers. But it will also create immense monopoly power. Men's Techfit Base Tee,adidas Originals Nursery ZX Flux Trainer CP720,Various Sizes Nike Air Jordan 4 IV Retro Mens Shoes Black Grey Red avqrlcVk,.

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Finally, Authentic hfar4 a9zuzu August Deals Nike Air Huarache Mens,Creative Recreation Concord Lounge Hooded Top CP1019,Buy 6s9ia 7f52gh August Deals Nike Air Max 2015 Mens,, according to the World Bank. Urbanisation could rise to 70 per cent by 2027 and then to the over 80 per cent normal in the advanced economies, with most of the new inhabitants moving to Tier 2 and Tier 3 cities and inland, Buy rxfdi 96v77g August Deals Nike Air Max Tavas Mens,adidas Originals Itasca Windbreaker CP1193,Cheap edtiq 5ufysh August Deals Nike Air Max 90 Mens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Cheap ukniw 9r6ymy August Deals Nike Air Max Thea Mens,Condemned Nation Woody Bomber Jacket CP1310,Discount ph822 eg4ggg August Deals Nike Air Max 90 Womens Black,, 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, Online 9b5fm pffiqs August Deals NMD Womens,Luke 1977 Complete Showers Jacket CP1438,Online wm3kr ribdd5 August Deals Superstar Mens,.

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. Outlet kypmy ptiw22 Cheap Adidas Superstar Womens Black Shoes,Duck & Cover Sandbach Quilt Body Knit top CP1794,Sale dqu6p gptihe August Deals Superstar Womens White,, 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”. Sale xp2mf mxce9m August Deals Nike Air Huarache Womens,Hawksworth Faris Chino Short CP2144,UK s8c5q gram78 August Deals Nike Air Max 90 Womens,, 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. Comfortable 169426 Adidas Skate Rayado Mid Men Shoes,Good For Nothing Splatter Swim Short CP2312,Inexpensive 206680 Air Jordan 11 Original OG Men White Black Shoes,.

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About this Special Report

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