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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, Men's Shoe Nike Air Max 1 Ultra 2.0 SE 875845-003,Buy 193797 Nike Air Flightposite 1 Men Green Black Shoes,NIKE AIR MAX 2015 Dark Obsidian/Volt/Menta/White,.
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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, Nike Air Zoom Structure 19 Flash Mens Black/Reflective Silver/Cool Grey/Pure Platinum Running Shoes,Discount 230876 Nike Air Max 90 Men White Pink Shoes,Nike Roshe One Mens Cool Grey/White/Cool Grey Running Shoes V47682,.
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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, Supra Owen Reflective Trainer CP5019,Inexpensive 154339 Nike Lunar Rejuven8 Mid Men Grey Red White Shoes,Flossy Womens Neon Plimsoll CP5195,.
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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