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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, Women's Shoe Nike Air Force 1 Low Upstep BR 833123-001,Buy 157911 Nike Dunk High Men Red Yellow Shoes,Nike Zoom Streak LT 3 Unisex Running Shoe 819038-418,.
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What, then, will be the features of this growing consumer market? A Inexpensive 163632 Nike Kd VIi Men Black Shoes, delineates its main drivers and the challenges these are likely to create.
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 Air Huarache Run Ultra Womens Bright Mango/White Running Shoes V42398,Cheap 157339 Nike Kobe 8 Men Purple Blackened Blue Purple Shoes,Adidas Energy Boost 2 Esm Womens Midnight Grey/White/Frozen Green Running Shoes V64398,.
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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, Timberland Womens Nellie Chukka Double Boot CP5175,Shopping 227644 Puma Clyde Snake Year Men Navy Blue Shoes,Womens Shoes adidas Zero Bounce Black/Silver Metallic/White,.
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 Aerosoles Barricade Tan Combo,Comfortable 243422 Adidas Originals Superstar 2.0 Unisex Grey Fluorescent Green Shoes,Womens Shoes Aerosoles A2 by Aerosoles Rock Solid Black Fabric,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.
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