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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, Nike Lunarglide 7 Womens Black/Copa/Hyper Orange/White Running Shoes V16487,Discount 241138 Nike Air Force 1 Women Shoes,Men's Nike Toki Slip Textile Print Black/Anthracite/Cool Grey/White UK#N5-9632,.
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What, then, will be the features of this growing consumer market? A Shopping 193944 Nike Free Run 2 Women Red Black White Shoes, 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, adidas Originals Vintage Block Short CP2065,Cheap 220724 Nike Lunarglide 3 Women Red Slurry Copper Blue Shoes,Asylum Wera Short CP2288,.
China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Ellesse Rimini Track Top CP3560,Shopping 181459 Puma Body Train Mesh Women Black White Red Shoes,Clarks Originals Wallabee Shoe CP3887,.
As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. adidas Originals Superstar Snake Pack Trainer CP4048,Adidas Bounce Titan III Men Coupon_066,Armani Jeans Leather Nylon Runner Trainer CP4192,, argues the report,Creative Recreation Forlano Diamonds Trainer CP4344,Adidas Porsche Design G3 Men Coupon_163,Lacoste Marcel LCR Trainer CP4526,.
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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, Womens Sandals CARLOS by Carlos Santana Mezza Taupe,New Balance Men Coupon_1053,Womens Boots Clarks Marlina Revel Black Leather,.
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. Womens Sandals Clarks Hayla Pier Brown Multi,New Balance 574 Men Coupon_1142,Womens Shoes Clarks Daelyn Villa Purple Grey Suede,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.
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