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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, Nike Junior Air Trainer 3 CP654,Shopping 217003 Nike Free Run Women Gray Blue Shoes,Nike Nursery Air Max 90 Trainer CP785,.

adidas Originals Essentials Fall Melange Full Zip Hooded Top CP952,Cheap 219107 Nike Free Tr Fit 4 Women Grey Orange Grey Shoes,Money Long Sleeve Sig Full Zip Hooded Top CP1102,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). Brave Soul Snowden Quilted Puffer Jacket CP1263,Inexpensive 243878 Nike Roshe Run Women Black Peach Shoes,Luke 1977 Jules Neoprene Puffer Jacket CP1443,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Antony Morato Classic Roll Neck Knit CP1773,Adidas Clima Cool 5th Men Coupon_099,EA7 Core Training Fleece Short CP2119,, too, that, after 2023, Sik Silk Retro Swim Short CP2342,Adidas Originals JS Men Coupon_117,Timberland 6 Inch Premium Waterproof Fabric Cuff Boot CP3765,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, adidas Originals Superstar II Trainer CP3949,Adidas Springblade 2013 Men Coupon_244,adidas Originals Stan Smith Vulcanised Trainer CP4099,.


What, then, will be the features of this growing consumer market? A Adidas Originals JS Women Coupon_314, 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, Asics Gel-Lyte EVO 'Samurai Pack' Trainer CP4233,Christian Louboutin Sale Women Coupon_455,Creative Recreation Kaplan Snake Trainer CP4374,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike LeBron XI Low Trainer CP4577,Christian Louboutin Sale Women Coupon_554,Nike Air Max Thea Trainer CP4720,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Puma XT2 Trainer CP4894,Giuseppe Zanotti Sale Women Coupon_645,Vans Classic Slip On Denim Trainer CP5069,, argues the report,adidas Originals Womens Stan Smith Crackle Trainer CP5259,Jimmy Choo Bridal Women Coupon_725,Womens Shoes adidas Golf adiPower Sport Boost Running White/Metallic Silver/Flash Red,.

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Womens Boots Aerosoles Barricade Tan Combo,Jimmy Choo heels Women Coupon_773,Womens Sandals Aerosoles Light N Sweet Red,. 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 Boots ALDO Ocoinia Black Suede,Jimmy Choo Sandals Women Coupon_873,Womens Boots Anne Klein Cijiw - Wide Calf Cognac Leather,.

Crucially, Womens Shoes Anne Klein Weekend Blue/Grey,New Balance Men Coupon_1015,Womens Sandals Badgley Mischka Milly II Platino Metallic Suede,, 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. Womens Sandals C Label Gilda-4 Black,New Balance 410 Men Coupon_1103,Womens Boots Calvin Klein Berrie Shadow Grey Gibson Oil Leather,.

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Finally, Womens Shoes Calvin Klein Brady White/Black Striation Leather,New Balance 891 Men Coupon_1303,Womens Shoes CARLOS by Carlos Santana Liza Cobalt,, 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, Womens Sandals Clarks Lydie Kona Black Leather,New Balance 574 Women Coupon_1458,Womens Shoes Clarks Aubria Fay Black Leather,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Shoes Clarks Lorry Grace Taupe,New Balance 999 Women Coupon_1548,Womens Sandals COACH Marla Chalk,, 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, Womens Shoes COACH Garland Black Soft Milled Leather,Nike Derrick Rose Men Coupon_1651,Womens Boots Cole Haan Daryl Waterproof Chestnut,.

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. Womens Shoes Cole Haan Raven Hightop Sneaker Maple Sugar Shearling,Nike Kevin Durant Men Coupon_1731,Womens Shoes Cole Haan Elsie Logo Wedge II Blazer Blue WP Patent,, 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”. Womens Boots ECCO Sport Trace Zip Moonless/Moonless,KD7 ELITE Blue Graphite/Bright Citrus/Dove Grey/Volt,Womens Shoes ECCO Touch 15 Scale Ballerina Moon Rock/Alusilver/Moon Rock,, 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. Womens Shoes GUESS Cherie Brown Multi Fabric,Men's Basketball Shoe Kobe XI 836183-084,Womens Sandals Hunter Original T Bar Sandal Sky Blue,.

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About this Special Report

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