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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, Womens Shoes Saucony Virrata 2 White/Purple/Citron,Puma Suede Classic Trainer CP4915,Womens Shoes Superga The Man Repeller x Superga - 2288 Satinw Mustard Yellow,.

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Assume, instead, Womens Boots Vaneli Raysel Mouse Nival Suede/Tmoro Elasticized Suede,Caterpillar Womens Colorado Boot CP5134,Womens Sandals Vaneli Taletha Black E-Print,, too, that, after 2023, Womens Shoes Vaneli Sebelie Dark Red Mag Pat/Black Mag Pat/Mtch Elastic,Gandys Womens Original Flip Flop CP5221,Womens Shoes Vaneli Danee Sand Pearl Nappa/Ecru Patent,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Unisex Shoes Vans SK8-Hi Moc (Suede) Black/Black,Womens Shoes adidas Stella McCartney Barricade 2015 Minty Green/White Vapor/Light Flash Green,Hurley Tribe Reversible,.

What, then, will be the features of this growing consumer market? A Womens Shoes adidas Golf adiPower Sport Boost Black/Dark Silver Metallic/Bright Green, 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, TW Practice 2.0,Womens Shoes adidas Outdoor Response Trail Boost Midnight Grey/Granite/Flash Red,Active Training Women’s Wild Thing Jacket,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Women's Running Track Top,Womens Boots Aerosoles High Ride Black Croco,Nike Impossibly Light Crackled,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Italia Training Shorts,Womens Sandals Aerosoles Magic Plush Black,Nike Strike Stretch Longer Woven,, argues the report,Nike Spark,Womens Shoes Aerosoles E Mail Black,Women's adidas STELLASPORT Sport Shorts,.

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Finally, Discount r97wk ikv6qm August Deals ZX Flux Mens,Womens Shoes Anne Klein AKYesmam Black/Black Fabric,Online 7ufva 5iqm2p August Deals Nike Air Max 1 Mens,, 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, Online r4n2a drmng8 August Deals Nike Air Max 90 Womens Grey,Womens Shoes Badgley Mischka Thora White Satin,Outlet agwwa ta7gvm August Deals Nike Roshe Run Womens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Outlet t3w3s 34fwh8 Cheap Nike Air Max 90 Womens Flower Shoes,Womens Boots C Label Sandra-9 Taupe,Sale ggbyc rai85g August Deals Superstar Womens White,, 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, Sale zf55a u7eain August Deals Nike Blazer Low Womens,Womens Sandals C Label Rollin-14 Camel,UK nw3t2 3h6hkx August Deals Nike Air Max 90 Womens White,.

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. Shopping 231249 Nike Zoom Kobe VI Kid White Gold Shoes,Womens Boots Calvin Klein Bionda Shadow Grey Kid Suede,Comfortable 243792 Air Jordan 11 Retro Men White /Grey Cement Grey Shoes,, 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”. Cheap 231705 Air Jordan Evolution 86 Men White Infrared Orion Blue Shoes,Womens Sandals Calvin Klein Crewella Black Cosmic,Inexpensive 219269 Asics Tarther 30Th Men Athletic Shoes,, 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. Inexpensive 182899 Nike Air Classic BW Si Men Black Yellow Shoes,Womens Sandals Calvin Klein Jeans Lila Black Leather,Buy 215807 Nike Air Force 1 Men White Shoes,.

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About this Special Report

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