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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 AIR ZOOM PEGASUS 31 White/Blue Lagoon/Clearwater/Black,Shopping 193418 Nike Air Max 90 Men Black Green Shoes,NIKE LUNARTEMPO Black/White/White,.
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What, then, will be the features of this growing consumer market? A Shopping 232359 Nike Dunk High Men Shoes, delineates its main drivers and the challenges these are likely to create.
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 Roshe One Mens Black/Wolf Grey/White Running Shoes V38322,Cheap 175881 Nike Dunk High Men Shoes,Nike Air Max 95 Mens University Red/Wolf Grey/Black/Pure Platinum/White Running Shoes V83469,.
China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike Air Huarache Womens Black Running Shoes V12710,Shopping 174065 Nike Dunk Low Men Orange Black White Shoes,Nike Air Max Thea Womens White/Black/Cool Grey Running Shoes V87656,.
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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 CP5018,Inexpensive 215043 Nike Shox R4 Men Grey Shoes,Timberland Womens Earthkeepers 14 Inch Premium Zip Boot CP5184,.
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 adidas Cloudfoam 8tis Clear Onix/White/Blue Zest,Buy 193464 Nike Shox R4 Men Black White Red Shoes,Womens Boots Aerosoles A2 by Aerosoles Cinch of Luck Black Combo,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.
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