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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, Adidas Anyanda Flex Womens Solid Grey/Raw Purple/Clear Onix Slippers V78764,Cheap 213159 Nike Free 4.3 Unisex Dark Gray Jade Shoes,Nike Air Max 1 Womens Wolf Grey/Total Orange/Summit White/Team Red Running Shoes V98994,.

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Assume, instead, Women's Nike Golf Lunar Summerlite 2 Clearwater/White/Blue Lagoon/Flash Lime UK#N5-9552,Shopping 197534 Asics Gelnoosa Tri 8 Women Purple Pink Shoes,Converse Infant Chuck Taylor All Star Double Tongue Trainer CP486,, too, that, after 2023, Nike Junior Air Force 1 Low Trainer CP645,Shopping 156972 New Balance W890V4 Women Purple Shoes,Hunter Nursery Original Wellington Boot CP777,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Antony Morato Silver Hooded Top CP965,Discount 228228 New Balance WT610V3 Women Light Grey Lime Shoes,Religion Tokyo Sleeveless Hooded Top CP1146,.


What, then, will be the features of this growing consumer market? A Buy 153459 Nike Air Max Women Grey Solar Red 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, Condemned Nation Gaston Coated Mac Jacket CP1297,Discount 192066 Nike Air Max 1 Women Black Blue White Shoes,Kings Will Dream Bomber Jacket CP1428,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Franklin & Marshall Small Logo Knit Jumper CP1800,Discount 148753 Nike Air Max Women Purple Silver Shoes,Nike Club Swoosh Short CP2175,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Ellesse Petrella Track Top CP3549,Shopping 175276 Nike Dunk High Women Pink Shoes,Calvin Klein Flip Flop CP3825,, argues the report,adidas Originals ZX Flux Print Trainer CP3988,Comfortable 169472 Nike Free 4.0 V2 Women Grey Pink Shoes,adidas Originals Stan Smith Vulc Trainer CP4151,.

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Crucially, Supra Owen Mesh Runner Trainer CP5009,Adidas Bounce Titan 2013 Men Coupon_039,Hunter Womens Original Tall Gloss Wellington Boot CP5161,, 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. Womens Shoes adidas Adizero Ubersonic Frozen Yellow/White/Silver Metallic,Adidas Clima Cool 5th Men Coupon_098,Womens Shoes adidas Running Solar Boost Black/White/Pink,.

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Finally, Womens Shoes Aerosoles A2 by Aerosoles Rock Solid Tribal Fabric,Adidas Springblade Men Coupon_223,Womens Shoes ALDO Lennoxville Camel,, 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, Womens Sandals Anne Klein Taree Gold Multi Fabric,Asics Running Shoes Men Coupon_383,Womens Shoes Anne Klein Ifonly Ivory Multi Fabric,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Boots C Label Cathy-8B White,Christian Louboutin Sale Women Coupon_492,Womens Boots Calvin Klein Zabrina Caramel,, 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, Womens Sandals Calvin Klein Jiselle Orange Laquer Toscana Leather,Christian Louboutin Sale Women Coupon_603,Womens Shoes Calvin Klein Patna Shadow Grey/Black Hair Calf/Leather,.

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. Womens Boots CARLOS by Carlos Santana Galina Titanium,Jimmy Choo Bridal Women Coupon_754,Womens Boots Clarks Gelata Italia Black Leather,, 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”. Womens Sandals Clarks Zia Graze Nude,Jimmy Choo Pumps Women Coupon_834,Womens Shoes Clarks Daelyn Towne Black Leather/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. Womens Boots COACH Beverly Fatigue Calf Suede,Jimmy Choo Wedges Women Coupon_937,Womens Shoes COACH Rosey Midnight Navy Patent,.

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About this Special Report

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