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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 Messi 15.3 Tf Mens Black/Solar Green/Solar Red Soccer Shoes V28134,Buy 173674 Puma Lifestyle Low Men Grey Blue Shoes,Nike Air Max Ltd Mens White/Black/Neutral Grey Running Shoes V88305,.

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Assume, instead, Nike Air Max 2016 Womens White/Black Running Shoes V87019,Buy 233964 Nike Roshe Run Unisex Gray Carbon Black Green Movement Shoes,Nike Flyknit Lunar 3 Womens Black/Midnight Fog/Wolf Grey/White Running Shoes V22638,, too, that, after 2023, Men's Nike Mercurial Vortex II FG Urban Lilac/Bright Mango/Black UK#N5-8844,Comfortable 229714 Adidas ZX 700 Women Purple Shoes,Men's Nike Air Max Dynasty Deep Royal Blue/Racer Blue/White UK#N5-9537,. 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 Dart 11 Black/Dark Grey/White/White UK#N5-9365,Cheap 152798 Air Jordan IV Retro Women Purple White Black Shoes,Converse Chuck Taylor All Star Backpack CP38,.


What, then, will be the features of this growing consumer market? A Discount 177322 Air Jordan 4 Retro Women White Chrome Green 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, Creative Recreation Infant Cesario Low XVI Trainer CP499,Buy 241468 New Balance WW1765 Women Pink Shoes,Nike Junior Air Max 1 Trainer CP629,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Havaianas Nursery Brasil Logo Flip Flop CP771,Buy 198359 Nike Air Force 1 Women Pink White Shoes,Condemned Nation Blyth Tech Poly Hooded Top CP986,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. The North Face Mittellegi Hooded Top CP1156,Discount 204025 Nike Air Max Women Blue Gradient Shoes,Carhartt Anchorage Parka Jacket CP1288,, argues the report,Jack & Jones Violin Fur Trim Puffer Jacket CP1419,Shopping 219107 Nike Air Max 247 Women White Black Pink Shoes,Bellfield Burta Cable Knit Jumper CP1780,.

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Nike MPT Track & Field Fade Alumni Short CP2184,Shopping 231830 Nike Classic Cortez Nylon Women Blue Black Shoes,adidas Originals Supercolor Track Top CP3518,. Hema, for example, is a start-up, backed by the Alibaba Group. As I witnessed during a recent visit to Alibaba’s headquarters in Hangzhou, a Hema store is a mixture of supermarket, restaurant, distribution centre and online store. Timberland Britton Hill 6-Inch Warm Lined Leather and Fabric Boot CP3792,Shopping 223592 Nike Dunk Low Women Olive Red Shoes,adidas Originals Superstar Foundation Trainer CP3985,.

Crucially, adidas Originals Stan Smith Trainer CP4157,Discount 168644 Nike Free 4.0 Flyknit Women Purple Black Shoes,Converse Chuck Taylor All Star Ox Mono Trainer CP4271,, 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. Cruyff Puente CFI Trainer CP4422,Discount 176701 Nike Free Run 2 Women Navy White Shoes,Nike Air Max 90 Premium Trainer CP4574,.

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Finally, Puma Trinomic R698 Bright Trainer CP4924,Comfortable 165176 Nike Free 3.0 V3 Women Purple White Shoes,Vans Atwood Canvas Trainer CP5114,, 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, Page Not Found,Adidas Clima Cool 5th Men Coupon_098,Womens Shoes adidas by Stella McCartney Climacool Mint Down/Oyster Blue/Box Red,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Sandals Aerosoles A2 by Aerosoles Photo Plush Gold Metallic,Adidas Porsche Design S3 Men Coupon_196,Womens Shoes Aerosoles Dimperial Dark Blue Patent,, 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 Boots ALDO Uloeven Bordo Suede,Adidas Springblade 2013 Men Coupon_276,Womens Sandals Anne Klein AK Sport - Kachine Pewter FB,.

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 Anne Klein Fion Pewter Leather,Christian Louboutin Sale Men Coupon_408,Womens Shoes Badgley Mischka Meghan Ivory Satin,, 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 Sandals C Label Milan-28 Silver,Christian Louboutin Sale Women Coupon_478,Womens Sandals Calvin Klein Niobe Platinum Box Metallic Leather,, 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 Shoes Calvin Klein Gerarda Dark Gold Metal Stingray,Christian Louboutin Sale Women Coupon_581,Womens Shoes Calvin Klein Collection Gess Haircalf Heel White,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Womens Sandals Clarks Hayla Samoa Pink Leather,Jimmy Choo Boots Women Coupon_679,Womens Shoes Clarks Arbor Opal Grey,. Shenzhen’s tech trailblazers are anxious about rising property prices. Womens Shoes Clarks Tri Amanda Sage,Jimmy Choo Pumps Women Coupon_807,Womens Sandals COACH Judy Black/Brown/Bronze,