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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 ECCO Touch 15 Slip-On Black,Adidas Pure Boost Reveal Womens Frost Mint/Black/Clear Grey Running Shoes V54007,Womens Shoes GUESS Abby Black Leather,.

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Assume, instead, Womens Shoes New Balance Classics WL501 Navy/Yellow Suede/Ripstop Mesh,Nike Air Max Thea Womens Grey Mist/Grey Mist Running Shoes V56479,Womens Shoes Nike Free 5.0 Tr Fit 5 Breathe Fuchsia Glow/Fuchsia Flash/Hot Lava/White,, too, that, after 2023, Womens Shoes Nike Air Vapor Ace White/Stealth/Bright Mango,Nike Classic Cortez Womens Bright Crimson/White Running Shoes V42131,Womens Sandals PATRIZIA Boppe Beige,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Shoes PATRIZIA Coro Tan,Nike Internationalist Womens University Red/Black/Blue Grey/Bright Mango Running Shoes V81942,Womens Shoes Reebok Work 'N Cushion Black,.


What, then, will be the features of this growing consumer market? A Men's Nike Hypervenom Phelon II IC Wolf Grey/Total Orange/Black/Black UK#N5-9313, 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 Boots Rocket Dog Milford Black Hush,Men's Nike Tiempo Legacy II FG Pure Platinum/Black/Hyper Orange UK#N5-9503,Womens Boots Sam Edelman Alyssa Black Suede,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Shoes Sam Edelman Becka Black,Nike Kids Jr Mercurial Victory V FG Soccer Wolf Grey/Black/Hyper Pink UK#N5-9466,Womens Shoes Saucony Velocity Citron/Blue,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Superga 2314 Boucle Pink Multi,Women's Nike Dual Fusion Trail Wolf Grey/Anthracite/Black/Pink Pow UK#N5-9467,Womens Boots UGG Eliott Black,, argues the report,Womens Boots UGG Wilowe Black Leather,New Balance 420 Backpack CP70,Womens Shoes UGG Haylie Chestnut Leather,.

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Womens Sandals Vaneli Ertha Black Pito Print,Converse Infant Chuck Taylor All Star Ox Trainer CP490,Womens Shoes Vaneli Genie Black Smack Metallic Patent,. Hema, for example, is a start-up, backed by the Alibaba Group. As I witnessed during a recent visit to Alibaba’s headquarters in Hangzhou, a Hema store is a mixture of supermarket, restaurant, distribution centre and online store. Womens Shoes Vaneli Davis Castagna Prl Nappa/Mtch Elastic,Kickers Junior Core Kick High Patent Boot CP611,Unisex Shoes Vans SK8-Hi Slim (Wool Dots) Black/True White,.

Crucially, Hurley Supersuede Solid Beachrider,adidas Originals Nursery Hamburg Trainer CP725,Nike Tech Fleece Pullover,, 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 Originals Trefoil Tee,Foray Blaze Regular Jean CP841,Hurley Lexi Romper,.

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Finally, Nike Pro Fierce Lotus,Jack & Jones Solid Hooded Top CP1082,NikeCourt Ace,, 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, Nike All-Time Tech Pullover,Bellfield Kroni Jacket CP1245,Wholesale Trade Adidas Predator Lz Trx Tf Leather Soccer Cleats Men Blue Black Yellow ShIPf1Yt,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic 8kuet eiu837 August Deals ZX Flux Womens,Criminal Damage Mount Hooded Puffer Jacket CP1328,Authentic urk8r emihug August Deals Nike Air Max 90 Womens,, 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, Buy c6t3i mq72v3 August Deals Nike Air Max 90 Womens Pink,Native Youth Wool Overcoat CP1463,Buy xkcpg grzvhs August Deals Nike Air Huarache 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. Cheap gymgs 97dbb5 August Deals Nike Air Presto Womens,Foray Ambush Nylon Shoulder Panel Knit Jumper CP1798,Discount 4dn7n b9brgz August Deals Nike Blazer Low 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”. Discount nsdae 63dbpz August Deals ZX 700 Mens,Jack & Jones Rick Original AT979 Denim Short CP2154,Online czyx6 ki3dap Cheap Adidas Superstar Womens White Shoes,, 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. Online ux73m prpvf8 Cheap Adidas Superstar Womens Black Shoes,Asylum Gripper Short CP2290,Outlet nsg4m 7b6vcd August Deals Superstar Mens Black,.

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About this Special Report

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