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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, Adidas Barricade 2015 Mens Bright Yellow/Black/Solar Yellow Tennis Shoes V42666,Discount 172117 Nike Shox Rivalry Men White Blue Shoes,Nike Air Max Tavas Mens Dark Loden/Sail/Alligator/Metallic Green Running Shoes V51265,.

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Assume, instead, Nike Air Zoom Structure 19 Womens Cool Grey/Fuchsia Flash/Copa/Black Running Shoes V46893,Cheap 193923 Nike Zoom Kobe VI Men Red White Orange Shoes,Nike Lunarglide 7 Womens Black/Copa/Hyper Orange/White Running Shoes V16487,, too, that, after 2023, Men's Nike Zoom Pegasus 31 Black/White UK#N5-8740,Buy 192947 Nike Zoom Kobe VIII Basketball Men Green Shoes,Nike Kids Roshe One Print Copa/Blue Lagoon/White UK#N5-9548,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Women's Nike Air Zoom Pegasus 32 Menta/Liquid Lime/Ghost Green/Black UK#N5-9243,Authentic 208187 Nike Zoom Kobe VIII Basketball Men Black Green Shoes,Projekts NYC Junior Denton Hooded Top CP420,.

What, then, will be the features of this growing consumer market? A Shopping 204062 Nike Shox R4 Men Black White Shoes, 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, adidas Originals Junior Los Angeles Trainer CP592,Authentic 182288 Adidas ZX 700 Unisex Red Black Purple Shoes,Nike Nursery Roshe Run Trainer CP784,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Antony Morato Script Overhead Hooded Top CP963,Buy 168136 Nike Roshe Run Unisex Carbon Black Gray Lemon Yellow Shoes,Nike SB Skyline Overlay Hooded Top CP1134,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Carhartt Anchorage Parka Jacket CP1284,Inexpensive 160360 Nike Free 4.0 Unisex Khaki Green Fluorescence Shoes,Native Youth Quilted Icelandic Parka Jacket CP1457,, argues the report,Kings Will Dream Carson hooded Top CP1094,Shopping 242921 Adidas Originals ZX 700 Women Black White Fade Rose Shoes,Nike MPT Tech Polka Short CP2187,.

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Crucially, Creative Recreation Cesario Low XVI Diamonds Trainer CP4340,Comfortable 179095 Nike Air Max Women Grey White Purple Shoes,Lacoste Bowerey Trainer CP4512,, 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. Nike Air Odyssey Leather Trainer CP4697,Discount 233347 Nike Air Max 90 Hyp Prm Women Grey Shoes,Nike Air Max 90 Mid Winter Trainer CP4853,.

Finally, Timberland Womens 6 Inch Premium Boot CP5172,Buy 237365 Nike Flyknit Air Max Women Light Grey Blue Shoes,Womens Shoes adidas Adizero ,, 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 Boots Aerosoles Sweet Ride Brown,Cheap 231601 Nike Free 5.0 V4 Women Blue Grey White Shoes,Womens Sandals Aerosoles Fire Light White,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Boots ALDO Ziawia Black,Cheap 183379 Nike Hyperdunk Women Green Shoes,Womens Boots Anne Klein Coldfeet Black Leather/Brown Leather,, 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 Anne Klein Larna Taupe Leather,Cheap 236120 Nike Roshe Run Women Purple Pink Shoes,Womens Shoes Badgley Mischka Lacie Navy Satin,.

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 Sandals C Label Rollin-13 White,Adidas Bounce Titan VI Men Coupon_082,Womens Boots Calvin Klein Jeans Gracie Leather Dark Tan Leather,, 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 Shoes Calvin Klein Shanti Platinum White/Sand Gold Nappa,Adidas Porsche Design IV Men Coupon_180,Womens Boots CARLOS by Carlos Santana Claudia Black,, 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 Boots Clarks Kacia Garnet Dark Grey Leather/Grey Suede,Adidas Bounce Titan VI Women Coupon_302,Womens Sandals Clarks Hayla Glacier Black Leather,.

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About this Special Report

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