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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, Big discount Air Jordan CP3 38BJ656 for Men,Men's Nike Air Max Tailwind 8 Print Running Shoes Obsidian/Reflect Silver 806803-403,Big Savings Jordan Future Low Basketball Size VR55623 for Men,.

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What, then, will be the features of this growing consumer market? A Men's Nike Fingertrap Max Shoes Bombay/Black/Gorge Green/Light Brown, 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, Competitive Price Nike Air Max GOADOME 2013 QS BOOTS Sz 7 New 822206-111 Noboxlid Free White 46CJ448 for Men,Men's Nike Free 3.0 V6 Flyknit Shoes Black/Electric Lime,Cost charm Air Jordan 1 RETRO HIGH OG 'UNC' Blue White dark 18665681 for Men,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Counter Genuine Nike KD V size 10 OK38112 for Men,Men's Nike Free 5.0 2015 Shoes Royal Blue/White/Orange,Sweetheart Nike Air Huarache Run SE 'Legion ' Green VD58892 for Men,.

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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 Nike Mens Shoes Gold,Men's Nike Shox OZ D Shoes Red/Black,Nike Mens Shoes Brown Brown,, 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, Reebok Mens Running Shoes Grey Blue White,Men's Nike Vapormax KPU TPU Running Shoes Wine/Black,Asics Mens Running Shoes Mix Grey/Electric Blue/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. Vans Atwood Mens Sneakers Grey,Men's Running Climachill Ride Boost Shoes Core Black/Black/Infrared B44545,Fashion Adidas Lite Racer - Core Black / Solar Blue Footwear,, 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”. Fashion Reebok Gl 1500 White / Black / Steel / Pure Silver Footwear,Men's Salomon Speedcross 3 CS Outdoor Hiking Trail Running Shoes Royal Blue/White,Top Quality Reebok Lx 8500 Desert Vibe The Blues / Slate / Citrus Glow / White Footwear,, 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. adidas Originals Gazelle Primeknit Men Red,Men's Under Armour UA Stephen Curry One Championship Mid Basketball Shoes Black/Yellow,ASICS Gel-Quantum 360 Knit Men White,.

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About this Special Report

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