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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 Free 5.0 TR Fit 5 MTLC Black/Purple,Nike Nursery Free Run 2 Trainer CP786,Womens Boots PATRIZIA Cornerstone Black,.

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What, then, will be the features of this growing consumer market? A Jack & Jones Hutch Zip Jacket CP1417, 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 Slippers UGG Scuffette II Woven Metallic Suede Black Suede,Asylum Native Spray On Jean CP818,Womens Sandals Vaneli Miriam Black,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Shoes Vaneli Diesis Black Mag Patent/Black Porolining S&L,Jack & Jones Button Bush Shoulder Knit CP1822,Womens Shoes Vaneli Davis Pewter Prl Nappa/Mtch Elastic,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Vans Rhea (Suede) Tobacco Brown,Pretty Green Paisley City Short CP2193,Women’s Statement Bra,, argues the report,Nike Tech Fleece Pullover,Oiler & Boiler Tuckernuck Shortie Swimmer Short CP2326,Men's Regista Tech Elongated Tee,.

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Finally, Buy prf96 pr5gr9 August Deals ZX 10000 Womens,Converse Fulton Mix Quilted Leather QS Trainer CP4307,Cheap 4xtvq xuz8sz August Deals Superstar Mens,, 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, Cheap pbmnx rb4dr8 Cheap Adidas Superstar Womens Shoes,Cruyff Puyi Trainer CP4390,Discount 9mgha 8gbwtg August Deals Yeezy 350 Boost Womens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Discount ug2iw gt3cxn Cheap Nike Air Max 90 Womens Pink Shoes,Lacoste Bowerey Trainer CP4512,Online ghq5x 7rxirg August Deals Nike Air Max 90 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, Outlet 3rc5p n9gize August Deals ZX 850 Womens,Nike Air Odyssey Trainer CP4637,Outlet smubf phguvf August Deals Superstar Mens,.

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. Sale ekpdc bcrvzi August Deals Superstar Mens Black,Nike Free SB Trainer CP4731,Sale xve8g n3ys47 August Deals Nike Blazer 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”. UK rbfas e7nrmk August Deals Nike Air Max 1 Mens,Nike Air Max 95 'Wool Pack' Trainer CP4865,Inexpensive 217211 Adidas Originals Campus II Men Royal White Shoes,, 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 zb6yq nsyezu August Deals Nike Air Max 90 Womens Purple,Reebok Furylite Trainer CP5002,Buy 226892 Air Jordan XXI Men Red Black Silver Shoes,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Comfortable 193360 Nike Air Classic BW Si Men White Pink Shoes,Vans Brigata Trainer CP5077,Discount 233977 Nike Air Force 1 Men Black Shoes,. Shenzhen’s tech trailblazers are anxious about rising property prices. Shopping 166032 Nike Air Max Men Black Blue Shoes,Dr. Martens Womens 1461 3-Eye Shoe CP5250,Cheap 150860 Nike Air Max 90 Men Black Brown Shoes,