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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, Men's Basketball Shoe Kobe XI 836183-806,Buy 179276 New Balance Classics Ml515 Men Dark Grey Shoes,Men's Boot Nike Air Zoom Tallac Lite OG 844018-002,.

Men's Nike Flex Run 2015 709022-002,Buy 156125 New Balance Classics Ml565 Men Black Shoes,Men's Nike Shoe LeBron XIII Elite 831923-606,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). Men's Running Shoe Nike LunarEpic Flyknit 818676-004,Discount 160018 New Balance Mx623V2 Men Grey Shoes,Men's Shoe Jordan Horizon Low 845098-001,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Men's Shoe Nike Air Max 90 Ultra Essential 819474-402,Comfortable 240251 Nike Air Flightposite 1 Men Blue Black Shoes,Men's Shoe Nike Court Lunar Ballistec 1.5 Legend 812939-444,, too, that, after 2023, Men's Shoe Nike Jordan Galaxy 820255-402,Authentic 222406 Nike Air Force 1 Men Royal White Shoes,Men's Shoe Nike Zoom LeBron Soldier 9 FlyEase 846246-010,. 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 Lunar Caldra 803879-007,Shopping 239719 Nike Air Force 1 Men Silver Grey Black Shoes,NIKE AIR MAX PLUS Grey/White Fade,.


What, then, will be the features of this growing consumer market? A Discount 234175 Nike Air Max Men White Black 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 FLYKNIT CHUKKA Midnight Fog/Mica Green/Bright Crimson,Cheap 225800 Nike Air Max Men Silver Grey Green Shoes,Nike Victory XC 3 Unisex Track Shoe 654693-034,.

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 90 Ultra Breathe 725061-401,Authentic 166460 Nike Air Max Men White Red Shoes,Women's Shoe Nike Free Focus Flyknit 844817-601,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Roshe One Boys Toddler Light Crimson/White/Racer Blue/Obsidian Running Shoes V60929,Inexpensive 164488 Nike Air Max 1 Men Silver Grey Red Shoes,Adidas D Rose 773 Iii Boys Grade School White/Black Basketball Shoes V86471,, argues the report,Nike Roshe One Boys Grade School White/White/Wolf Grey Running Shoes V96279,Inexpensive 163666 Nike Air Max 90 Men Black Blue Yellow Shoes,Adidas Crazylight 2.5 Boost Low Mens White/White Basketball Shoes V94998,.

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Crucially, Nike Zoom Structure 18 Mens Total Orange/Voltage Green/Ghost Green/Black Running Shoes V81458,Discount 201399 Nike Air Max Fly By Men Black Red Shoes,Adidas Anyanda Flex Womens Solid Grey/Raw Purple/Clear Onix Slippers V78764,, 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 Air Max Thea Womens Black/White Running Shoes V32320,Comfortable 196980 Nike Air Max Penny 1 Men Grey Black White Shoes,Nike Free 5.0 V4 Womens Black/Cool Grey/Wolf Grey/Anthracite Running Shoes V15961,.

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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 Foray Marble Regular Fit 3D Jean CP844,Authentic 183685 Nike Dunk High Men Black Yellow Shoes,Ellesse Minoria Full Zip Hooded Top CP1053,, 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, Antony Morato Leather-look Panel Jacket CP1207,Discount 240459 Nike Dunk High Men Red Shoes,Good For Nothing Nylon Bomber Jacket CP1393,.

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. The North Face 1985 Mountain Fly Jacket CP1521,Comfortable 147025 Nike Dunk Mid Pro SB Men Gray Yellow Shoes,Glorious Gangsta Hyatt Short CP2140,, 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”. adidas Originals 90s Beckenbauer Germany Track Top CP3528,Inexpensive 204830 Nike Free 3.0 V2 Men Black Gray White Shoes,Nike Benassi JDI Slide Sandal CP3857,, 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 8000 Boost Trainer CP4015,Comfortable 161605 Nike Free 4.0 V2 Men Royal Blue Red White Shoes,Armani Jeans Leather Nylon Runner Trainer CP4192,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, New Balance ML565 Suede/Ripstop Trainer CP4554,Comfortable 166769 Nike Free Run 2 Men Gray Red Shoes,Nike Zoom Stefan Janoski Canvas Trainer CP4723,. Shenzhen’s tech trailblazers are anxious about rising property prices. Puma Trinomic R698 Bright Trainer CP4925,Inexpensive 176077 Nike Hyperdunk Men Grey Blue Shoes,Eeight Womens Dana Cut Out Boot CP5151,