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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, Very cheap Nike JORDAN ECLIPSE FRNCH BL -OBSDN-PR PLTNM MNS ZS: 7.5~11 White 32QB-5483 for Men,Men-Nike Tri Fusion Run Msl Sports Shoes Black/White/Grn Strike/Cl Grey,Vogue Hi-Tec Cove Charcoal Water Outdoors Hiking Sandals O006192-026 Black 78RP-9860 for Men,.

Welcomed Nike Air Force 1s size 6 White 67205519 for Men,Men-Reebok Train Fast Sneakers Faux Indigo/Foggy Grey/Sunset Orange/White,Wholesale Nike SB Dunk Low QS Rain Size 9 DS BNIB Black 10VB-9449 for Men,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). adidas Human Race NMD Pharrell GOKU,Black Friday - 2010 NIKE AIR JORDAN 6 vi MOTORSPORT Size 8.5 MOTOR SPORT white Black V 5,Air Jordan 1 Retro High OG Shadow,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Authentic Air Jordan 3 Oregon Ducks,Discount Nike Shoes - 2012 Nike Air Jordan XIV 14 Retro CANDY CANE WHITE RED BLACK 487471-101 NEW 11,Jordan 1 Retro Bred Toe (2018),, too, that, after 2023, Adidas Kids High Top Shoes Blue,Factory Price - DS BNIB Nike Air Jordan 1 Retro Dave White Sz 14 13 15,Asics Boys Running Shoes Flash Yellow/Black/Lightning,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Clarks Mens Flats Shoes Black,Factory Price - NEW AUTHENTIC NIKE AIR JORDAN 1 RETRO HIGH OG "BLACK TOE" Size 14,Five Ten Mens Sneakers Black/Khaki,.


What, then, will be the features of this growing consumer market? A Hot Cakes - Nike Zoom Hyperrev Light Retro Bright Citrus Gym Blue Mens 8.5 8 1/2 - EXC cond, 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, Keen Kids Walking Boots Blue,Low-cost direct - NIKE 2004 AIR JORDAN XIII BLACK TRUE RED OG DS SZ 11.5 309259 061 YEEZY,Msl Mens Casual Shoes Black,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike Mens Shoes White Red Black,Low-cost direct - Nike Zoom Kynsi JCRD WP Size UK 10 (EUR 45) 806973 001,Nike Mens Shoes White Pink,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Puma Mens Lows Sneakers Black-White,Weekend Discount - NIKE AIR JORDAN 10 X RETRO OVO DRAKE SUMMIT WHITE GOLD 819955-100 NEW SIZE 14,Sting Mens Sneakers Black,, argues the report,United Colors Of Benetton Mens Casual Shoes Black,Reebok Mens Trail Voyager Rs 2.0 Shoes Black G57251,Nice Adidas Adria Spezial - Chalk White / Surf Blue / White Vapour Footwear,.

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Crucially, New Balance 574 Re-Engineered Men Black,Reebok Mens Ventilator Supreme Ec Shoes Coal/Black/White G57546,Nike Air Max 90 Men's Black,, 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 Benassi Just Do It Slides Men's Black,Adidas ZX Flux Casual Running Shoes Mens White/White/White G56223,2017 Men's/Women's Nike Free RN Flyknit Shoes Wolf Grey/Bright Mango/Pure Platinum/Black 831070-005,.

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Finally, Men's/Women's Adidas Originals Superstar LGBT Pride Pack Running Shoes Core Black / Core Black / Gold Met BB1687,Mens Nike Air Max 90 Light Iron Ore/Dark Pewter/Black/Anthracite Running Shoes G56573,Men's/Women's Adidas Y-3 "Zipper Star" LifeStyle Shoes White/Blue/Red B12580,, 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, Men's/Women's Asics Gel Lyte III Shoes Grey/Black/Teal,Nike Air Force 1 Low Mens White/Pure Platinum/Pure Platinum Sports Shoes G56644,Men's/Women's Asics Onitsuka Tiger Mexico 66 Shoes Silver/Beige THL7C2-9399,.

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 Nike Air Force One Low Leather Shoes White/Black 315122-114,Nike Air Max 2016 Mens Red/Black Sports Shoes G56768,Men's/Women's Nike Air Max 90 Glow Training Shoes Fluorescent Green,, 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 Nike Air VaporMax Flyknit Bred Black/Team Red/Midnight Frog/Gym Red Shoes 849558-013,Nike Free 5.0 2015 White/Black Mens Sneakers G56851,Men's/Women's Nike Free 5.0 V2 Shoes Light Gray/Yellow,.

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 Zoom All Out Low Running Shoes Grey/White,Adidas Originals ZX Flux Geo Trainer,Women's Adidas Climacool Revolution Running Shoes Grey/Peach,, 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”. Women's Air Jordan 6 GS Basketball Shoes White/Hyper Jade-Black 384665-122,Creative Recreation Cesario Low Woven Trainer,Women's New Balance 774 Shoes White/Pink/Roseo M774PK3,, 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 Nike Air Max 2011 KPU Shoes White Purple,Nike Lunar Force 1 '14 Low Trainer,Women-Nike Roshe One Print Sneakers Black/Brigade Blue/Anthracite/Cool Grey/Sail,.

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About this Special Report

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