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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 ECCO Crisp II MJ Black/Black,Nike Air Zoom Vomero 11 Womens Black/White/Anthracite/Dark Grey Running Shoes V32912,Womens Sandals GUESS Titaney Blue,.

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Assume, instead, Womens Shoes New Balance WC996v2 Imperial Purple,Men's Nike Air Pegasus 83 Black/Anthracite/Fleet Silver/White UK#N5-9344,Womens Shoes Nike Free 5.0 V4 Light Retro/Artisan Teal/Light Aqua,, too, that, after 2023, Womens Shoes Nike Zoom Winflo 2 Dark Grey/Bright Crimson/Wolf Grey/Metallic Cool Grey,Men's Nike Mercurial Finale TF Urban Lilac/Bright Mango/Black UK#N5-9487,Womens Shoes Nike Golf Lunar Empress Blue Lagoon/Ice Cube Blue/Flash Lime,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Sandals PATRIZIA Patna Camel,Nike Kids Roshe Run Print Wolf Grey/University Gold/Electro Orange/Deep Royal Blue UK#N5-9460,Womens Shoes PUMA Bixley Glamm Periscope/Periscope,.

What, then, will be the features of this growing consumer market? A Women's Nike Flex 2015 RN Flash Noble Purple/Vivid Purple/Hyper Orange/Metallic Silver UK#N5-9509, 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 Reebok Trailgrip RS 4.0 Night Beacon/Alloy/Collegiate Navy/Luminous Lime,Hype Hype Backpack CP62,Womens Shoes Rocket Dog Rynna Black Coast,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Sandals Sam Edelman Korinne Classic Nude,adidas Originals Infant ZX Flux Trainer CP464,Womens Shoes Sam Edelman Dea Purple Rain,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Shoes Saucony Hurricane ISO Citron/Navy/Pink,adidas Originals Junior Busenitz Trainer CP573,Womens Shoes Supra Skytop Black/Metallic/White,, argues the report,Womens Boots UGG Kisses Tall Black Sequin Skull Suede,adidas Originals Nursery Racer Lite Trainer CP703,Womens Boots UGG Classic Short Furious Fuchsia,.

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Crucially, Womens Shoes Vans Rhea (Suede) Tobacco Brown,Criminal Damage Shoreditch Hooded Top CP1036,Nike Golf,, 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. Full-Zip Hoodie,Nike Tribute Hooded Track Top CP1119,Men's FTD Shorts,.

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Finally, Beach Shorts,Hawksworth Mac Jacket CP1403,Nike Pro Hypercool,, 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, NikeCourt Premier Maria,Pretty Green Corporation Monkey Jacket CP1494,Youth Essentials 3-Stripes Full Zip Hoodie,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Various Sizes Converse Jack Purcell Blue Star Canvas Shoes R8mIubTP,Hawksworth Farne Cable Knit Jumper CP1806,Authentic 7svxp efszgp August Deals ZX Flux 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, Authentic pxm6q gr9dhv August Deals Yeezy 350 Boost Mens,Ellesse Triester Poly Tape Short CP2133,Buy 6vgte f23itd August Deals ZX 10000 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. Buy v9ctd vsbzwt August Deals Nike Free Run 2 Mens,Calvin Klein One Logo Tape Swim Short CP2295,Cheap az8ic gbrdwe August Deals Nike Air Max Tavas 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”. Cheap wp2m6 4n3evm August Deals Nike Air Max 95 Mens,Ellesse Rimini Nylon Front Track Top CP3562,Discount fh856 dg6k2n August Deals Nike Air Max 90 Mens 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 4bunr afdzvd August Deals Nike Air Max 90 Womens Black,Toms University Slip On Espadrille CP3807,Online rtfdf dc5nvd August Deals Superstar Mens,.

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About this Special Report

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