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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, Adidas Barricade 2016 Boost Mens Black Iron Metallic Tennis Shoes V12857,Authentic 153621 Nike Shox Conundrum Men White Blue Shoes,Nike Air Max Bw Ultra Mens University Red/Bright Crimson/University Red Running Shoes V82317,.

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Assume, instead, Nike Flex Run 2015 Womens Black/Hyper Pink/Digital Pink/Metallic Silver Running Shoes V21016,Shopping 147346 Nike Shox R2 Men White Pink Shoes,Nike Tri Fusion Run Womens Black/White/Dark Grey Running Shoes V33870,, too, that, after 2023, Men's Nike Air Max Siren Print Black/Cool Grey/Total Orange/Wolf Grey UK#N5-9153,Inexpensive 162601 Nike Shox R4 Men Black Yellow Shoes,Women's Nike Air Max Thea Sport Fuchsia/Prism Pink UK#N5-9301,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Glorious Gangsta Milford Velour Backpack CP51,Cheap 239909 Nike Shox Rivalry Men Silver Silver Shoes,Vans Infant Old Skool Trainer CP544,.

What, then, will be the features of this growing consumer market? A Inexpensive 239352 Nike Shox R6 Men White 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, Timberland Junior 6 Inch Premium Waterproof Boot CP697,Shopping 223256 Nike Zoom Hyperdunk Men Black White Shoes,Only & Sons Loom Slim Jean CP903,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Criminal Damage Thorpe Full Zip Hooded Top CP1030,Shopping 178493 Nike Zoom Hyperdunk Low Men Black White Red Shoes,Brave Soul MJK Armour Parka Jacket CP1253,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Ellesse Volante Raglan Puffer Jacket CP1367,Shopping 230160 Onitsuka Tiger By Asics Mexico 66 Men White Green Shoes,VMU London Wool Leather Bomber Jacket CP1551,, argues the report,Cuckoos Nest Roller Short CP2117,Discount 161164 Puma Lifestyle Low Men White Blue Shoes,Creative Recreation Lincoln Track Top CP3543,.

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Finally, Womens Shoes adidas Gymbreaker Bounce Black/Matte Silver/Shock Pink,Inexpensive 160229 Nike Air Force 1 Women Purple White Shoes,Womens Boots Aerosoles Calendar Tan,, 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, Womens Sandals Aerosoles Scone Nude Patent,Inexpensive 219296 Nike Air Max Women Black Blue Shoes,Womens Boots ALDO Ulycia Black,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Boots Anne Klein Dvorah Black Leather,Buy 210104 Nike Air Max Tailwind Women Black Blue Shoes,Womens Shoes Anne Klein Enticed Floral Leather,, 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, Womens Shoes Badgley Mischka Polo White Satin,Buy 169757 Nike Dunk High Women White Orange Shoes,Womens Shoes C Label Adler-11 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. Womens Sandals Calvin Klein Laken Ematite Metallic Leather,Inexpensive 161054 Nike Free 3.0 V4 Women Pink Black Gray Shoes,Womens Shoes Calvin Klein Camella Silver Metallic Box Leather,, 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”. Womens Sandals CARLOS by Carlos Santana Mira Beige,Authentic 231426 Nike Hyperdunk Women White Blue Shoes,Womens Boots Clarks Kearns Awe Black Leather,, 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. Womens Sandals Clarks Un Neema Navy,Cheap 186012 Nike Roshe Run Women Grey Peach Blossom Shoes,Womens Shoes Clarks Brynn Ivy Black Croco Synthetic,.

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About this Special Report

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