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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 PATRIZIA Tumeric Silver,Supra Owen Mesh Runner Trainer CP5012,Womens Shoes PUMA Pulse Black/White,.

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Assume, instead, Womens Shoes Sam Edelman Monroe Camel Black,Birkenstock Womens Arizona EVA Sandal CP5210,Womens Shoes Sam Edelman Delilah Modern Ivory Snake,, too, that, after 2023, Unisex Shoes Superga 2750 Cotu Classic Chalky Pink,Womens Sandals adidas Voloomix Sleek LG Bright Royal/Clear Sky/Pink,Womens Boots Timberland Savin Hill Ankle Boot Dark Brown,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Boots UGG Brooks Brown,Womens Shoes adidas CC Adizero Tempaia III White/Light Flash Purple/Night Flash,Womens Boots UGG Bailey Gold Mariko Rabbitbrush/Twinface,.

What, then, will be the features of this growing consumer market? A Womens Shoes adidas Cloudfoam Flow White/Shock Pink, 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, Womens Sandals UGG Sadie Black,Womens Shoes adidas Running Kanadia TR 7 Clay/Chalk White/Flash Orange,Womens Shoes Under Armour UA Spine Glyde ST CC Black/White,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Sandals Vaneli Martey Black Pesca Fabric/Black Mag Patent/Gunmetal Buckle,Womens Boots Aerosoles Plantation Black Suede,Womens Shoes Vaneli Sigrid Black Suede/Mtch Elastic/Gunmetl Chains,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Vaneli Marza Gunmetal Specchio/Gunmetal Buckle,Womens Sandals Aerosoles Wip Away Black,Womens Shoes Vaneli Pandora Black Ecco Nappa,, argues the report,Men's D Rose Story Tee,Womens Sandals Aerosoles Magic Plush Dark Tan,Women’s Swagger Top,.

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Crucially, Running Faster Than You Shorts,Womens Boots ALDO Lyttle Black Leather,2016 FFF Stadium Away,, 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. Nike Modern Novelty,Womens Shoes ALDO Eoweriri Black,Women's adidas STELLASPORT Logo Tee,.

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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 Buy hvqve 656khp Cheap Nike Air Max 90 Womens Black Shoes,Womens Shoes Anne Klein Tapio Turquoise Multi Synthetic,Buy zd46g 4df6cb August Deals Nike Air Max 1 Ultra Moire 1 Womens,, 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, Cheap fi6x8 vgk6vw Cheap Nike Air Max 90 Womens Shoes,Womens Shoes Badgley Mischka Susan Taupe Satin,Cheap t8n2n 8aqh9b August Deals Nike Air Presto Mens,.

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. Discount bgttx sgbzq8 August Deals Ultra Boost Womens,Womens Shoes Badgley Mischka Musica Haze Blue Satin,Discount utmgx z6hvpi August Deals Nike Roshe Run Mens,, 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”. Online f4r3m 3xraad August Deals Nike Air Max 1 Womens,Womens Sandals C Label Mollini-25 Nude,Online vyn7d nb98ca August Deals Superstar Mens,, 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. Outlet gkm7u qbki3w August Deals Superstar Womens,Womens Shoes C Label Rome-1 Red,Sale 3pk6s q882ns August Deals Nike Air Max 90 Womens Black,.

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About this Special Report

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