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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 PATRIZIA Nye Silver,Men's Nike Mercurial Victory V IC Urban Lilac/Bright Mango/Black UK#N5-9488,Womens Shoes PUMA Faas 500 v4 Clearwater/Blue Coral,.

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Assume, instead, Womens Shoes Superga 2311 Wavedpuw Cognac,Glorious Gangsta Stamford Backpack CP52,Womens Boots UGG Grandle Java,, too, that, after 2023, Womens Boots UGG Bailey Mariko Redwood/Twinface,adidas Originals Infant Tubular Trainer CP468,Womens Shoes UGG Clary Black Nubuck,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Boots Vaneli Artemis Black Suede/Black Miniliz Print/Gunmetal Buckle,Creative Recreation Junior Cesario Low XVI Trainer CP600,Womens Shoes Vaneli Modesta Platino Metallic Nappa,.

What, then, will be the features of this growing consumer market? A Converse Nursery Chuck Taylor All Star Hi Trainer CP745, 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 Vaneli Gaenor Black Suede,Jack & Jones Glen ORIJ887 Noos Jean CP884,Unisex Shoes Vans SK8-Hi Reissue (Denim C&L) Navy,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, AFC Training Top,Creative Recreation Sawtell Full Zip Hooded Top CP1011,Archive Logo Fleece Hoodie,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Men's Street Essentials Hoodie,The North Face Mittellegi Hooded Top CP1156,Men's Supernova Tee,, argues the report,Basic Mini Shorts 2 Pack,Brave Soul MJK Juke Hooded Bomber Jacket CP1261,Hurley Phantom Compression,.

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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 Sale kc49v vggm2d August Deals ZX Flux Mens,adidas Originals Superstar Snake Pack Trainer CP4051,UK ak5cg q7rgea August Deals Nike Air Max 1 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, Discount 160828 New Balance Kids Kl574 Kid Red Yellow Shoes,Asics GT-II Trainer CP4199,Authentic 170983 Air Jordan 1 Retro Men Black Blue Shoes,.

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. Inexpensive 221675 Air Jordan VII Retro Men Black Chambray Light Graphite Shoes,Creative Recreation Cesario Low XVI Linear Sport Trainer CP4356,Buy 179276 New Balance Classics Ml515 Men Dark Grey Shoes,, 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”. Comfortable 162601 Nike Air Flightposite 1 Men Black Red Dark Grey White Shoes,Cruyff Trophy CFI Trainer CP4424,Authentic 212095 Nike Air Force 1 Men Black White Purple Shoes,, 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. Comfortable 173292 Nike Air Max Men Gray Black Shoes,Nike Lunar Force 1 Sneakerboot CP4610,Discount 219684 Nike Air Max 90 Men Brown White Black Shoes,.

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About this Special Report

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