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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 Naturalizer Debra Tender Taupe Leather,Creative Recreation Nursery Kaplan Snake Trainer CP755,Womens Shoes New Balance WC1296 Blue,.

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Assume, instead, Womens Sandals PATRIZIA Grandioso Beige,Ellesse Castello Overhead Hooded Top CP1055,Womens Shoes PATRIZIA Yang Brown,, too, that, after 2023, Womens Shoes PUMA Golf Sunnylite Mesh White/Omphalodes/Ultramarine,Nike AW77 Fleece Full Zip Hooded Top CP1135,Womens Boots Rocket Dog Gretta Black Oliver,. 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 Rocket Dog Sammie Natural Bubble Stripe,Antony Morato Nylon Wool Mix Hooded Jacket CP1213,Womens Sandals Sam Edelman Asbury Natural Naked,.

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 Shoes Sam Edelman Carrin Iridescent Jute Groovy Sequins,Hawksworth Henryk Parka CP1401,Womens Shoes Saucony Originals DXN Trainer Pink,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Shoes Supra Stacks II Silver Green/White,Pretty Green Festival Jacket CP1501,Womens Boots UGG Kisses Mini Moonstone Hearts Suede,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Boots UGG Aztek Woven Suede Black Twinface,Glorious Gangsta Karcher Knit CP1801,Womens Slippers UGG Dreams Silver Hearts Suede,, argues the report,Womens Boots Vaneli Jessy Navy Suede/Matching Mop Buttons,Asylum Canyon Rip Short CP2082,Womens Shoes Vaneli Leodora Black Suede,.

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Crucially, Running Graphic Jacket,Clarks Originals Desert Boot CP3734,Women's Rita Ora Trapeze Transparent Windbreaker,, 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 Run Fast,Havaianas Brasil Flip Flop CP3848,Women’s Dot Mini Shorts 2 Pack,.

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Finally, Active Training Women’s All Eyes On Me Tights,adidas Originals ZX Flux Xeno Trainer CP4031,Nike All-Time Tech Full-Zip,, 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, Various Sizes paaiWPLw Salomon Running Shoes Athletic online sale XT Hawk Maroon Gray Black,adidas Originals Tubular X Trainer CP4152,Authentic 89mhq xs8ygd Cheap Nike Air Max 90 Womens Flower Shoes,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic qvz4g wk7yya August Deals Superstar Womens,Asics Gel-Lyte V 'Mesh City' Trainer CP4244,Buy 96y8y cnzg7s August Deals Nike Roshe Run 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, Buy tnfdv f36s63 August Deals Nike Air Max 2016 Mens,adidas Originals Adi Sun Flip Flop CP3814,Cheap c5hg9 uxxevi August Deals Nike Air Max 2016 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. Cheap s7mp4 pwwpzh August Deals ZX Flux Womens,Hugo Boss Akeen Clean Trainer CP4496,Discount cy6wu zqexvc August Deals Nike Roshe Run 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”. Discount w73pf 78ahde August Deals Superstar Womens,New Balance M530 Trainer CP4568,Online i3h5t rh6izx August Deals Nike Free 50 Mens,, 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 5k65r 6y6mvd August Deals Nike Free Run 2 Mens,Nike Max 90 Leather Trainer CP4709,Outlet snx6v sncy52 August Deals Nike Air Presto Mens,.

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About this Special Report

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