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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 Running Shoe Nike Free RN Distance 827115-018,Cheap 212407 Nike Air Max Men Light White Blue Grey Shoes,Men's Shoe Jordan Eclipse 724010-407,.

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Assume, instead, MEN'S TRAINING SHOE NIKE METCON 1 704688-016,Shopping 241218 Nike Air Max 1 Men Black Shoes,NIKE AIR MAX 90 PREM IUMDark Grey/Wolf Grey,, too, that, after 2023, Nike Flyknit Racer Unisex Running Shoe (Men's Sizing) 526628-404,Inexpensive 228895 Nike Air Max 90 Men White Grey Shoes,NIKE TIEMPO LEGEND V FG Soar/Volt,. 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 Shoe Nike Air Huarache Premium Suede 833145-002,Authentic 156688 Nike Air Max 90 Men White Blue Black Shoes,Women's Shoe Nike Air Zoom Vomero 11 818100-600,.

What, then, will be the features of this growing consumer market? A Cheap 179049 Nike Air Max 90 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 Rose 3.5 Boys Toddler Joy Blue/Satellite/Altitude Basketball Shoes V60599,Discount 187376 Nike Air Max Jr Men Grey Grey Shoes,Nike Free 5.0 2015 Boys Preschool University Red/Black/Hyper Orange/White Running Shoes V82086,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike Air Max Tavas Boys Grade School Dark Purple Dust/White/Total Crimson Running Shoes V51576,Authentic 168023 Nike Air Max Ltd Men White Red Shoes,Adidas Crazy 1 Mens Maroon/Black/Matte Gold Basketball Shoes V63026,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Adidas Adizero Boston Boost 5 Mens Black/White Running Shoes V31131,Shopping 169246 Nike Air Max Tailwind Men Grey Shoes,Adidas Originals Adilette Mens England/Blue/Red/White Slippers V53229,, argues the report,Nike Air Max 2015 Mens Black/White/Black Running Shoes V33198,Shopping 186370 Nike Air Penny 3 Retro Men Black Royal Blue Shoes,Nike Flex Fury Mens Wolf Grey/Total Orange/Cool Grey/Anthracite Running Shoes V98990,.

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Finally, adidas Originals Nursery Hamburg Trainer CP724,Authentic 240337 Nike Free 3.0 V3 Men Grey Black White Shoes,Sik Silk Wash Rip Distressed Jean CP912,, 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, Kings Will Dream Gela Overhead Hooded Top CP1091,Shopping 195302 Nike Free Run 2 Men Black White Red Shoes,Brave Soul Nantwich Fishtail Parka CP1266,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Native Youth Football Jacket CP1459,Buy 203133 Nike Free Trainer Men Gray Red White Shoes,Jack & Jones Anders Roll Neck Knit CP1828,, 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, Under Armour Mirage Woven Short CP2216,Authentic 198038 Nike Kd VIi Men Red Metallic Silver Shoes,Ellesse Rimini Track Top CP3560,.

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. Clarks Originals Trigenic Flex Shoe CP3893,Inexpensive 206325 Nike Lebron 8 V2 Men Grey Orion Blue Grey Shoes,adidas Originals Gazelle Indoor Trainer CP4071,, 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”. Converse Chuck Taylor All Star Ox Trainer CP4265,Cheap 174619 Nike Lunarglide 2 Men Gray Yellow Shoes,Cruyff Santi Woven Trainer CP4431,, 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. Nike Air Force 1 Low Trainer CP4628,Buy 215899 Nike Lunarglide 2 Men Blue Grey White Shoes,Nike Air Jordan Eclipse Trainer CP4805,.

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About this Special Report

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