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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, Women's Shoe Nike Air Max Sequent 719916-802,Authentic 160929 Nike Free Trainer Men Blue White Shoes,Women's Shoe Nike Free Transform Flyknit 833410-400,.
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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, Adidas Ace 15.1 Fg/Ag Womens White/Iron Metallic/Solar Orange Soccer Shoes V92116,Buy 174518 Nike Shox Nz Men Black Shoes,Nike Air Max 90 Womens String/Metallic Gold Green/Dark Storm/Silver Running Shoes V79320,.
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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, Toms Viaje Sneaker CP5051,Shopping 243541 Adidas Climacool Ride Women Purple Fluorescent Green Shoes,adidas Originals Womens Adilette Slide Sandal CP5205,.
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.
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