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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, Top Brands Nike Kobe AD Flip The Switch 74408129 for Men,Men-ASICS Tiger Gel-Lyte III Sports Shoes Black/Black,Trend mark Air Jordan 6 Jordan gmp pack 24VY-0527 for Men,.

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Assume, instead, Wonderful Nike Air zoom Pegasus 33(black ) Silver 88462554 for Men,Men-Reebok Gl 6000 Casual Sneakers Faux Indigo/Blue Slate/Paperwhite/Black,Air Jordan 12 Dark Grey,, too, that, after 2023, Authentic Air Jordan 12 Gamma Blue GS shoes,Men-Saucony Jazz Original Sports Shoes Grey/White/Red,Balen ciaga Triple S Black White Red correct version,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Action Mens Casual Shoes Camel,Black Friday - NIKE BLACK BLUE & WHITE TRAINERS SIZE 10 EURO 45,Asics Mens Running Shoes Black/Flash Yellow/Flash,.


What, then, will be the features of this growing consumer market? A Discount Nike Shoes - Brand New 2012 Nike Air Jordan 7 VII Retro Olympic Size 13 DS., 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, Clarks Mens Casual Lace-Ups Tan,Factory Price - NEW 2016 NIKE AIR JORDAN 12 RETRO FLU GAME 130690 002 8 9 10 11 12 13 DS,Ecco Mens Casual Shoes Cognac,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Jeffery West Mens Cowboy/Biker Boots Black,Hot Cakes - NIKE ZOOM KOBE V 5 HORNETS US17 prelude what the all star grinch bhm elite,Merrell Mens Shoes Orange,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Mens Shoes Fashion,Latest Products - Nike Air Jordan 1 I High retro hi 715060-002 white/metallic-navy blue OG,Nike Unisex Sports Shoes Midnight Navy,, argues the report,Boys Footballboots Orange - Orange (Lava Blast-White-Total Eclipse 01),Low-cost direct - NIKE AIR PYTHON PREMIUM SZ 9.5 PRM BLACK GUM 705066 001,Stups Kids Ballet Pumps Off-White,.

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Crucially, Design Reebok Ventilator Urban Plum / Aubergine / White Footwear,Reebok Mens Npc Ii Shoes White G57314,adidas Originals Freemont Mid Men Grey,, 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. Fila 3A Capacity 2 Men Blue,Reebok Mens Npc Core Txt Sl Shoes Navy/Chalk/Cream White/Brown G57459,Nike Air Max Sequent 2 Men's Orange,.

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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 Men's/Women's Asics Gel Lyte III "PURE PACK" Running Shoes Triple Black H534L-9090,Mens Nike Air Force 1 Low Black/Tour Yellow/University Red Shoes G56514,Men's/Women's Asics Onitsuka Tiger Mexico 66 Shoes Black/White DL408-9001,, 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, Men's/Women's New Balance 597 Shoes Grey/Teal ML597AAD,Mens Nike Air Max 90 Wolf Grey/White/Armory Navy/Armory Navy Sneakers G56592,Men's/Women's Nike Air Max 90 Anti Fur Shoes Sand,.

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. Men's/Women's Nike Air Pegasus 92 Running Shoes Bright Crimson/Black/Noble Red 845012-600,Nike Air Max 90 Mens Running Shoes Team Red/Black/University Red/Dark Grey G56774,Men's/Women's Nike Flyknit Racer Running Shoes University Red/White 526628-108,, 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”. Men's/Women's Nike Roshe One X Yeezy 350 Boost Running Shoes Black/Grey,Nike Roshe One Print Aluminum/White/Persian Violet Trainers Mens G56874,Men's/Women's Wale X VILLA X Asics Gel Lyte III "Bottle Rocket" Running Shoes Black/Red/Blue H54CK-9047,, 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. Women's Adidas Ultra Boost Running Shoes Green,Adidas Originals Element Refresh Trainer,Women's New Balance 580 Tartan Pack Shoes Red/Navy WRT580WB,.

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About this Special Report

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