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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 Alexandra Camel,Nike Free 5.0 2015 Mens Bright Crimson/White/Black Running Shoes V42156,Unisex Shoes PUMA El Ace 2 PN Black/Dark Shadow,.

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What, then, will be the features of this growing consumer market? A Nike Lunareclipse + 5 Womens Black/Pure Platinum/White Running Shoes V24877, 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 Ashlen Navy E-Suede/Matching Miniliz Print/Matching Elastic,Men's Nike Zoom Winflo Black/Volt/Dark Grey/Metallic Silver UK#N5-8723,Men's Cleveland Cavaliers Blazers Ultimate Long Sleeve Hoodie,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike Course Enemies Graphic,Nike Kids Jr Hypervenom Phelon II TF Soccer Total Orange/Black/Total Orange UK#N5-9193,Padded Jacket,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Women's Climaheat Fleece Hoodie,Women's Nike Air Max Siren Black/Fuchsia Flash/Sail/Hot Lava UK#N5-9289,Jordan Varsity Fleece,, argues the report,2016 England Stadium Away,Calvin Klein 1 Pack Power Red Cotton Trunk CP407,Women's Barricade Tee,.

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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 UK ru9ez qyks2i August Deals Nike Free 50 Womens,Only & Sons Ben Crew Knit CP1846,Authentic 185226 Adidas Originals ZX 750 Men Black Cardinal White Shoes,, 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 148111 Air Jordan 13 (Xiii) Original OG Men White Black True Red Shoes,Publish Carson Short CP2197,Cheap 178150 Jordan Flight Team Men White Black Red 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 155596 New Balance Mc696 Men White Silver Shoes,Ellesse Evani Shell Top CP3550,Inexpensive 178741 Nike Air Force 1 Men 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”. Authentic 197396 Nike Air Max Men Black Blue Blue Shoes,Ellesse Pisa Small Logo Flip Flop CP3833,Cheap 160134 Nike Air Max 90 Men White Pink 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. Buy 191287 Nike Air Max 90 Hypefuse Men Grey Orange Shoes,adidas Originals Powerphase Trainer CP3994,Comfortable 161684 Nike Air Penny 2 Men Black Shoes,.

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About this Special Report

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