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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, Cheap 155831 Nike Air Max Women Grey Pink Shoes,Buy 236964 Nike Free 3.0 V2 Men Light Blue White ShoesShopping 202004 Nike Blazer High Women White Green Shoes,.

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What, then, will be the features of this growing consumer market? A Buy 148279 Nike Free 3.0 V4 Men Yellow 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, Christian Louboutin Sale Women Coupon_509,Inexpensive 176664 Nike Free 4.0 V2 Men Grey Green ShoesChristian Louboutin Sale Women Coupon_569,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Jimmy Choo Boots Women Coupon_696,Discount 202191 Nike Free 4.0 V2 Men Royal Blue Green ShoesJimmy Choo heels Women Coupon_763,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Jimmy Choo Pumps Women Coupon_831,Comfortable 217997 Nike Free 5.0 V4 Men Gray Black White ShoesJimmy Choo Wedges Women Coupon_919,, argues the report,New Balance Men Coupon_1048,Buy 201974 Nike Free Run Men Gray Red White ShoesNew Balance 574 Men Coupon_1135,.

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The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of MEN'S RUNNING SHOE NIKE LUNARGLIDE 7 747355-001,Inexpensive 177013 Nike Kobe Dream Season II Low Men White Black Yellow ShoesMen's Shoe Air Jordan 9 Retro 302370-121,, 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, Men's Shoe Nike Air Foamposite Pro 624041-403,Authentic 219073 Nike Kobe Dream Season II Low Men White Black Purple ShoesMen's Shoe Nike Air Max 1 Ultra 2.0 SE 875845-001,.

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. Men's Shoe Nike Air Zoom Pegasus 33 LE 880103-007,Inexpensive 219617 Nike Lebron 11 Men ShoesMen's Shoe Nike Free TR Versatility Amp (USA) 833336-316,, 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”. Men's Shoe Nike Roshe One 511881-025,Cheap 148444 Nike Hyperdunk Men Green ShoesMen's Shoe Nike Zoom LeBron Soldier 10 844374-606,, 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. MEN'S TRAINING SHOE NIKE METCON 1 704688-017,Cheap 157339 Nike Kobe 8 Men Purple Blackened Blue Purple ShoesNIKE AIR MAX 1 ULTRA MOIRE Game Fiberglass/White/Fiberglass,.

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About this Special Report

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