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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 Boots Sam Edelman Keegan Leopard,Women's Nike Nike Shox NZ EU Black/Wolf Grey/Dark Grey UK#N5-9291,Womens Sandals Sam Edelman Kayde Soft Nude Talco Kid Leather,.

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What, then, will be the features of this growing consumer market? A Brave Soul Alfie Skinny Denim Short CP2094, 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, TW Mobility Print,Nike AW77 Alumni Short CP2169,Nike Tech Knit Windrunner,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Women's Climaheat Fleece Hoodie,adidas Originals Essentials Fall Melange Track Top CP3534,Nike Anchor,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Men's Germany Graphic Tee,Timberland Euro Sprint Hiker Boot CP3783,Nike (Boston 2016),, argues the report,Women's adidas Stellasport Graphic Tee,Clarks Originals Wallabee Tumbled Leather Shoe CP3889,UK Sale Nike Nike Flyknit Lunar 2 Mens Sky Blue Sea Blue Running Shoes 2014 Cheap yK8LClsU,.

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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 vxgug z2r4ur August Deals Nike Air Max 90 Mens White,Puma Star Trainer CP4900,Inexpensive 213165 Adidas Springblade Razor Men Black Electricity 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, Authentic 167534 Air Jordan Flight 45 Men Red Black White Shoes,Supra Owen Trainer CP5015,Shopping 178490 Lebron 11 Men Grey Yellow Navy 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. Cheap 162601 New Balance Mr00 Men White Orange Shoes,Hunter Womens Original Tall Gloss Wellington Boot CP5162,Buy 167497 Nike Air Force 1 Men Tuskegee Khaki 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 194473 Nike Air Max Men Light Grey Black Shoes,Womens Sandals adidas Supercloud Plus Slide Core Black/Silver Met/Clear Grey,Comfortable 199592 Nike Air Max 1 Men White Blue Orange 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. Inexpensive 234952 Nike Air Max 90 Men Black Green Shoes,Womens Shoes adidas Energy Boost ESM Mid Grey/White/Frozen Green,Discount 169390 Nike Air Max Ltd II Men White Black Shoes,.

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About this Special Report

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