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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, Giuseppe Zanotti Sale Women Coupon_670,Online gpdev v7dpyb August Deals Nike Air Max Thea Womens,Jimmy Choo Pumps Women Coupon_840,.
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What, then, will be the features of this growing consumer market? A Sale bewq6 97tvgs August Deals Nike Air Max 90 Womens Blue, 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, Men's Shoe Air Jordan 1 Retro Low OG 705329-003,Sale grc2g tb2ne8 August Deals ZX 850 Mens,Men's Shoe Nike Air Huarache Ultra Breathe 833147-001,.
China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Men's Shoe Nike Air Zoom Huarache 2K4 308475-400,Sale tfgcp gnqaep August Deals Superstar Womens,Men's Shoe Nike Free Train Versatility 833258-013,.
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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, Women's Nike Air Vapor Ace White/Light Bone/Pure Platinum/Pure Platinum UK#N5-9265,Shopping 222498 New Balance Mx00 Men Blue White Shoes,Mitchell & Ness Two Tone Label Snapback CP229,.
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.
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