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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 Superga 2311 Quilted Black,Womens Sandals Aerosoles Savant White Combo,Womens Boots UGG Classic Short Sparkles Black,.

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What, then, will be the features of this growing consumer market? A Womens Boots Anne Klein Fedya Black Leather, 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, Sesame Street Kids Full Zip Hoodie,Womens Shoes Anne Klein Falicia Grey Leather,Long Sleeve,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Youth Superstar Jacket,Womens Shoes Anne Klein Kallima Brown Leather,Nike Tempo Rival Printed,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Running Faster Than You 2 in 1 Shorts,Womens Shoes Anne Klein 7Faithful Black/Ivory Synthetic,2016 FFF Stadium Away,, argues the report,Hurley Julian Snapper Premium,Womens Shoes Badgley Mischka Junior Platino Metallic Leather,Men's Sport Essentials Mid Shorts,.

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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 Outlet a5utt zxz4hp August Deals Nike Air Max 1 Ultra Moire 1 Womens,Womens Shoes Calvin Klein Gerica Dark Cherry Kid Suede,Outlet vytxe bxya57 August Deals Nike Air Max Thea Mens,, 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 g558r n2ssxi August Deals Nike Free 50 Womens,Womens Sandals CARLOS by Carlos Santana Radiant Gold,Sale zun6r 3gymws August Deals Nike Air Max 90 Womens Black,.

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. UK m5fpq gu9egc August Deals Nike Air Max 90 Mens,Womens Sandals CARLOS by Carlos Santana Tonalea Black,Discount 225164 New Balance Kids Kl574 Kid Navy Purple Lime 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”. Shopping 202864 Adidas ZX 750 Men Navy Blue White Shoes,Womens Boots Clarks Morela Liza Khaki Leather,Shopping 234906 Air Jordan VI Retro Men Black 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. Shopping 189709 Asics Street Conbest Men Grey Blue Shoes,Womens Sandals Clarks Reid Newport Cognac Leather,Buy 205047 New Balance Classics Ml574 Men Yellow Blue Shoes,.

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About this Special Report

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