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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, Nike Kobe Bryant Men Coupon_1790,UK rdt6k grsz5t August Deals Nike Air Max Tavas Mens,Men's Basketball Shoe Kobe XI 836183-635,.

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Assume, instead, Men's Shoe Air Jordan Trainer 1 Low 845403-001,Inexpensive 208774 Adidas ZX 750 Men Black Shoes,Men's Shoe Nike Air Zoom Elite 8 748588-007,, too, that, after 2023, Men's Shoe Nike Free Train Versatility 833258-013,Cheap 214694 Air Jordan 14 Retro Men Black Blue Shoes,Men's Shoe Nike Train Ultrafast Flyknit 843694-863,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Men's Training Shoe Nike Metcon 1 704688-050,Inexpensive 226849 Air Jordan 5 Retro Men White /Infrared Light Green Black Shoes,NIKE AIR MAX PLUS Black/White/Dark Grey,.


What, then, will be the features of this growing consumer market? A Shopping 222305 Asics Gel Kinsei 4 Men Mosaic White Shoes, 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, Nike Free SB Nano Team Red/White/Black,Inexpensive 193296 Asics Gt2170 Men Silver Blue Shoes,Nike Unisex Running Shoe Zoom Streak LT 2 599532-035,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Women's Shoe Nike Air Max Jewell 896194-100,Buy 198870 New Balance Classics M996 Men Grey Green Black Shoes,Women's Shoe Nike Free Transform Flyknit 833410-100,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Adidas Element Refine Boys Preschool Black/White/Black Running Shoes V32961,Discount 225922 New Balance Mx00 Men Black Yellow Shoes,Adidas Ace 16.3 Primemesh Fg/Ag Boys Grade School Solar Green/Shock Pink/Black Soccer Shoes V76899,, argues the report,Nike Roshe One Girls Grade School Copa/White/Blue Lagoon Running Shoes V48769,Comfortable 233952 Nike Air Classic BW Si Men Black Pink Shoes,Adidas D Rose 773 4 Mens Black/Bold Pink/Night Flash Basketball Shoes V14322,.

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Crucially, Adidas Supernova Sequence 6 Womens Bahia Pink/White/Black Running Shoes V11633,Buy 242162 Nike Air Max Men White Blue Shoes,Nike Air Max 1 Ultra Womens Dark Citron/Dark Citron/Bright Citron Running Shoes V49053,, 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. Nike Free Rn Womens Black/Anthracite/White Running Shoes V13977,Discount 157085 Nike Air Max Men Red Red Black Shoes,Men's Nike Dual Fusion Run 3 Black/Hyper Cobalt/Electric Green/Metallic Silver UK#N5-8743,.

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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 Kings Will Dream Mariano Hooded Top CP1093,Inexpensive 184856 Nike Air Max Classic Sl Men Black White Shoes,Bellfield Salford Shiny Parka Jacket CP1231,, 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, Jack & Jones Solid Light Biker Jacket CP1418,Cheap 195604 Nike Air Max Lebron 8 V.1 Men White Royal Orange Shoes,Native Youth Fleck Cable Knit Jumper CP1837,.

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. Asylum Gnarly Swim Short CP2285,Discount 193687 Nike Air Max Shake Evolve Men Gray Green White Shoes,Clarks Originals Desert Aerial Boot CP3737,, 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”. Lacoste Keellson 3 Boat Shoe CP3919,Discount 223118 Nike Air Max Tailwind 4 Men Red Black Shoes,adidas Originals Gazelle OG Trainer CP4117,, 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. adidas Originals ZX Flux Techfit Trainer CP4087,Inexpensive 155244 Nike Dream Season Kobe Bryant Men White Purple Black Shoes,Hugo Boss Hyllon Trainer CP4484,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Puma Suede Classic Trainer CP4915,Inexpensive 170714 Nike Dunk High Men Shoes,Vans Old Skool Trainer CP5084,. Shenzhen’s tech trailblazers are anxious about rising property prices. Womens Sandals adidas Voloomix Sleek LG Black/Zero Metallic,Inexpensive 196225 Nike Dunk Low Men White Black Blue Purple Shoes,Womens Shoes adidas Running Duramo 7 Flash Red/Midnight Indigo/Black,