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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 Nike LunarTempo Hyper Orange/Summit White/Bright Crimson/Black,Toms Classic Slip On Espadrille CP3806,Womens Shoes Nike Flex Fury 2 Pure Platinum/Atomic Pink/White/Fierce Purple,.

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Assume, instead, Womens Sandals Rocket Dog Belize Black Valencia,adidas Originals Spezial Trainer CP4045,Womens Boots Sam Edelman Paige New Blue Kid Suede Leather,, too, that, after 2023, Womens Shoes Sam Edelman Ivy Black/Ivory,adidas Originals Forum Mid Veritas X Trainer CP4102,Womens Shoes Saucony Echelon 4 Silver/Blue,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Shoes Superga 2750 LAMEW Grey,Asics GT-II Suede Trainer CP4207,Womens Boots UGG Lattice Cardy Charcoal,.

What, then, will be the features of this growing consumer market? A Converse Chuck Taylor All Star MA-1 Zip Trainer CP4296, 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 Boots UGG Cybele Lodge Leather,Creative Recreation Kaplan Patent Suede Trainer CP4361,Womens Boots UGG Reignfall Liberty Asphalt,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Slippers UGG Alena Pendleton Chestnut,Cruyff Vanenburg X-LITE Trainer CP4420,Womens Boots Vaneli Jessy Navy Suede/Matching Mop Buttons,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Vaneli Matro Truffle Suede,Lyle & Scott Cally Mesh Slip On Trainer CP4546,Womens Shoes Vaneli Doryne Opal Pearl Nappa,, argues the report,Womens Shoes Vaneli Garlyn Red Tresy Velvet,Nike Zoom Stefan Janoski Canvas Trainer CP4618,Men's Golden State Warriors Ultimate Long Sleeve Hoodie,.

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Crucially, Nike Dri-FIT Cool Breeze,Puma Star Trainer CP4900,Men's Montreal Impact Anthem Jacket,, 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 Optic Pop Hipster,Reebok Furylite Tonal Trainer CP4999,FFF Authentic N98,.

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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 hpu8r zsshb8 August Deals Nike Air Max 2015 Womens,Womens Shoes adidas Adipure 360.3 Black/Night Metallic/Frozen Yellow,Cheap 63aif 2iggsv August Deals Superstar 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 kyqfu ygxurm August Deals Nike Air Max 2016 Womens,Womens Shoes adidas Originals SL Loop Racer W White/Blush Green/Vista Pink,Discount 3fppm p83kxg Cheap Adidas Superstar Womens Shoes,.

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 qh5qh 56wk5z August Deals Superstar Mens Blue,Womens Boots Aerosoles Sweet Ride Brown,Online 8v8vn hqgen2 August Deals Nike Air Max 1 Womens,, 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 qedyh 8in994 August Deals Nike Air Max 90 Womens Red,Womens Sandals Aerosoles A2 by Aerosoles Wipline Black,Outlet bfysb dkqmr9 August Deals Nike Air Huarache Womens,, 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 ztmur d23mkz Cheap Nike Air Max 90 Womens White Shoes,Womens Sandals Aerosoles Yet Back Black,Sale it74s mstuft August Deals Nike Air Max 90 Mens Grey,.

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About this Special Report

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