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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 New Balance Classics WL515 Blue/Pink Synthetic,adidas Originals Nursery Gazelle II Trainer CP706,Womens Shoes Nike Internationalist Black/Mulberry/Midnight Navy/String,.

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Assume, instead, Womens Boots Rocket Dog Elka Black Hush/Sierras,Creative Recreation Sawtell Full Zip Hooded Top CP1011,Womens Shoes Rocket Dog Sammie Black Del Mar,, too, that, after 2023, Womens Sandals Sam Edelman Jolan New Nude Leopard,Kings Will Dream Kai Hooded Top CP1092,Womens Shoes Sam Edelman Arizona Greige Kid Suede Leather,. 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 Tartan W Off White Multi,Antony Morato Chevron Quilt Puffer Jacket CP1212,Womens Boots UGG Adirondack Tall Obsidian,.


What, then, will be the features of this growing consumer market? A Brave Soul Sanjay Light Bomber Jacket CP1281, 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 Cassis Lodge Leather,Jack & Jones Baron Quilted Puffer Jacket CP1423,Womens Boots UGG Bowen Black,.

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 Aira Serape Skyline Jacquard,The North Face Glacier Delta Fleece Jacket CP1524,Womens Sandals Vaneli Welda Pale Platino Gesa/Clear Stones/Gunmetal Frame and Buckle,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Vaneli Garen Taupe Per Print,Hype Solid Cable Knit Jumper CP1817,Womens Shoes Vaneli Adella Black E-Print/Matching Elastic,, argues the report,Unisex Shoes Vans SK8-Hi Reissue (Inca) Moon Rock/Dachshund,Jack & Jones Rick Original AT644 Denim Short CP2149,Ferrari Women’s Jumpsuit,.

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Crucially, U.S. Flash Premium,Flossy Palmira Espadrille CP3799,Hurley Dri-FIT,, 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. Youth Techfit Base Shorts,Clae Strayhorn Textile Shoe CP3883,Various Sizes Nike Air Jordan V.1 Chukka Mens Height Shoes Black Blue dhGhjxti,.

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Finally, Authentic e7gtq 8gihvx August Deals Superstar Womens,adidas Originals Superstar Vulcanised ADV Trainer CP4127,Buy 65map hu22k5 August Deals Nike Air Max 90 Womens,, 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, Buy nbkug gw3zie August Deals Nike Air Presto Womens,Asics Gel-Kayano EVO Trainer CP4240,Cheap 8unrc parvbr August Deals Nike Free Run 2 Mens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Cheap k6fvw v5prb3 August Deals Nike Air Max Zero Mens,Creative Recreation Kaplan Croc Mesh Trainer CP4353,Discount czkgv an5yqg Cheap Adidas Superstar Womens Pink Shoes,, 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, Discount sg3av 75ugfy August Deals Nike Air Max 95 Mens,Hugo Boss Light Air Trainer CP4476,Online ghq5x 7rxirg August Deals Nike Air Max 90 Womens,.

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. Outlet 33rxc y9tk6g Cheap Nike Air Max 90 Womens Flower Shoes,Nike KD VII Trainer CP4578,Outlet qf5pg 5nhqmh August Deals ZX Flux Mens,, 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”. Sale g3p4b q2p7sp August Deals Nike Air Max 90 Womens,Nike Air Max 90 Essential Trainer CP4712,UK 2ceub ibakmy August Deals Nike Air Max 90 Mens Grey,, 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. UK r4mzv zvkk2g August Deals Nike Air Huarache Mens,Nike Roshe NM Flyknit Premium Trainer CP4816,Buy 239872 Nike Zoom Kobe VI Kid Shoes,.

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About this Special Report

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