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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 Sandals GUESS Guavva Green,Nike Air Zoom Pegasus 32 Womens Racer Blue/Hyper Orange/Bright Mango/Black Running Shoes V71030,Womens Shoes GUESS Karey Black Multi,.

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Assume, instead, Womens Shoes Nike Zoom Fit Wolf Grey/Dark Grey/Volt/White,Men's Nike Mercurialx Pro TF Wolf Grey/Black/White/Hyper Pink UK#N5-9256,Womens Shoes Nike Mini Sneaker Lace Canvas White/Black/Wolf Grey/White,, too, that, after 2023, Womens Boots PATRIZIA Timandra Bordeaux,Men's Nike Zoom Hyperrev 2016 Wolf Grey/White/Cool Grey UK#N5-8874,Womens Sandals PATRIZIA Soren Red,. 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 PUMA Suede Classic - Solange Collection Patina Green Geo,Nike Kids Fusion Black/Volt/Metallic Silver UK#N5-9588,Womens Boots Rocket Dog Tyree Charcoal Hush,.

What, then, will be the features of this growing consumer market? A Women's Nike Air Max Muse Leather White/Wolf Grey/Metallic Silver UK#N5-9468, 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 Rocket Dog Richelle Black Coast,New Balance Mellow Backpack CP76,Womens Sandals Sam Edelman Brenda Black Patent,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Shoes Sam Edelman Miles Pewter/Black Rasputin Leather/Sport Nylon,Converse Infant Chuck Taylor All Star Ox Trainer CP487,Womens Shoes Superga 2750 SHRDJNSW Indigo/Red,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Timberland Swazey Clog Wheat Forty Leather,adidas Originals Junior LA Trainer CP587,Womens Boots UGG Orion Glacier Leather/Suede,, argues the report,Womens Boots UGG Collection Enna Grigio Leather,Nike Junior Air Jordan 8 Retro BG Trainer CP669,Womens Boots Vaneli Rayda Black Suede,.

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Crucially, Nike Flat Front,Foray Beam Mesh Detail Hooded Top CP1060,Football evoTRG Track Jacket,, 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. Women's Shell Boyfriend Tee,adidas Originals Itasca Windbreaker CP1193,Nike 9" Phenom 2-in-1,.

Finally, Nike Track and Field Fleece Half-Zip,Franklin & Marshall Quilted Down Jacket CP1380,Men's Linear 3-Stripes Shorts,, 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, UK Sale Nike Hyperdunk in p12QekaP,Rains Classic Jacket CP1511,Wholesale Trade Nike KD 7 2017/18 White Purple Orange Mens Shoes e73sdpaj,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic ce7di 67appy August Deals Nike Blazer Low Mens,Jack & Jones Detroit Waffle Knit Jumper CP1820,Authentic ycgzg saqkqd August Deals Nike Air Max 1 Mens,, 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 gxcii gne54z August Deals Nike Air Max 95 Womens,Pretty Green Paisley City Short CP2193,Cheap 22net pnypsa August Deals Nike Air Max 90 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. Cheap natpx z42pus August Deals Nike Air Max 90 Womens Black,Jack & Jones Malibu Swim Short CP2319,Discount 9idrv 4s9gfg August Deals Nike Air Max 90 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”. Discount tdggd zbfps9 August Deals Nike Free 50 Womens,Nike Tech Fleece Suit CP3621,Online emyvv 6xbpnd August Deals Nike Air Max 90 Womens Black,, 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. Online z62ih 75mk5v August Deals ZX Flux Mens,Ellesse Trevi Big Logo Flip Flop CP3831,Outlet nia89 usrxdf August Deals Nike Air Max 2015 Womens,.

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About this Special Report

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