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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 Free Trainer V7 898053-400,Buy 209386 Nike Cortez Basic Nylon Retro Men Cortez Basic Nylon Black White Shoes,Men's Shoe Nike Shox Avenue Leather 833584-006,.

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Assume, instead, Nike Zoom Rival Waffle XC Unisex Track Shoe 749350-460,Inexpensive 185425 Nike Dunk High Men White Red Black Shoes,Women's Shoe Nike Air Max 90 Premium 443817-103,, too, that, after 2023, Women's Shoe Nike Juvenate Woven 833824-001,Buy 164216 Nike Dunk Low Men Yellow Shoes,NIKE ZOOM SB STEFAN JANOSKI SE Cool Grey/Obsidian/White/Cool Gre,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Adidas D Rose 5 Boost Boys Grade School Light Scarlet/Solar Blue/Black Basketball Shoes V62199,Cheap 209377 Nike Dunks Low Men Shoes,Nike Huarache Run Boys Grade School Black/White/White Running Shoes V37262,.

What, then, will be the features of this growing consumer market? A Authentic 193458 Nike Free 3.0 V4 Men Red Silver 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 D Lillard 1 Mens Black/Yellow/White Basketball Shoes V38480,Shopping 169524 Nike Free 5.0 V3 Men Blue Brown Shoes,Adidas Element Refine Mens Tech Grey/Black/Solar Blue Running Shoes V80386,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, NIKE FREE 5.0 White/Pure Platinum/Cool Grey/Black,Cheap 160042 Nike Free Run 2 Men Grey Blue Shoes,Nike Air Max 90 Mens Black Running Shoes V12296,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Flex Fury Mens Dark Grey/Hyper Orange/Bright Crimson/Black Running Shoes V50409,Shopping 222076 Nike Free Run Men Gray Blue Shoes,Adidas Pure Boost Reveal Mens Solar Green/Black/Clear Grey Running Shoes V76679,, argues the report,Adidas Pure Boost 2 Womens Flash Orange/White/Graphic Running Shoes V53680,Discount 155095 Nike Lebron 10 Men Red Gold Black Shoes,Nike Air Huarache Run Ultra Womens Hyper Turquoise/White Running Shoes V59335,.

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Finally, Nike Tribute Hooded Track Top CP1119,Shopping 218688 Nike Shox O Nine Men Black White Green Shoes,Condemned Nation Valmero Puffer Jacket CP1299,, 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, Pretty Green Corporation Monkey Jacket CP1494,Shopping 238686 Nike Shox R4 Men Black Blue Shoes,Original Penguin Dour Aran Knit CP1851,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Duck & Cover Leyburn Duffle Jacket CP1341,Cheap 178040 Nike Shox R4 Men Black Red Shoes,Franklin & Marshall Seal Script Fleece Suit CP3614,, 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, Clae Strayhorn Unlined Shoe CP3879,Authentic 207264 Nike Shox Rivalry Men White Grey Shoes,adidas Originals Tubular Runner Trainer CP4084,.

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. Asics Gel-Lyte V 'Jack Frost' Trainer CP4239,Comfortable 229998 Nike Shox R4 Men White Shoes,Creative Recreation Cesario Low XVI Trainer CP4373,, 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”. Nike KD VII Trainer CP4578,Authentic 223944 Nike Zoom Kd IV Men White Yellow Blue Navy Shoes,Nike Flystepper 2K3 Trainer CP4746,, 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. Ralph Lauren Polo Hanford Heather Ripstop Trainer CP4941,Cheap 157850 Nike Zoom Kobe VIi Men Candy Black Shoes,Vans SK8-Hi Trainer CP5107,.

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About this Special Report

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