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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 Roshe One Womens Black/Brigade Blue/Anthracite/Coolt Grey Running Shoes V14352,Cheap 245321 Nike Zoom Hyperfuse Men Green Black White Shoes,Men's Nike Flex Experience RN 4 Prem Anthracite/White/White UK#N5-9093,.

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Assume, instead, Duck & Cover Tinnu Slim Straight Heritage Denim Jean CP838,Discount 240536 Adidas Originals Lifestyle Unisex Red White Shoes,EA7 Train Visibility Full Zip Hooded Top CP1043,, too, that, after 2023, adidas Originals Reflective Camouflage Poncho Jacket CP1196,Authentic 228381 Nike Flyknit Air Max Unisex Black White Lake Blue Shoes,Nicce Splat Overhead Hooded Top CP1103,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Seek We Are Coach Jacket CP1513,Authentic 157293 Jordan Retro Unisex Fire Red White Fire Red Black Shoes,Carhartt Skill Short CP2100,.

What, then, will be the features of this growing consumer market? A Comfortable 219088 Air Jordan 6 Retro Women 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, Henri Lloyd Brixham Swim Short CP2315,Comfortable 153972 New Balance Classics Wl515 Women Blue Pink Shoes,Timberland 6 Inch Premium Woven Collar Boot CP3784,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Timberland 3-Eye Classic Helcor Lug Shoe CP3938,Authentic 160008 Nike Air Force 1 Women White Blue Shoes,adidas Originals Los Angeles Trainer CP4114,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Converse Chuck Taylor All Star Brea Leather Trainer CP4298,Authentic 147808 New Balance W890V4 Women Grey Pink Shoes,Gourmet 35 Lite Cork LX Trainer CP4462,, argues the report,Nike Zoom Stefan Janoski Trainer CP4619,Cheap 171955 Nike Air Max 90 Women Yellow Shoes,Nike Air Jordan 8 Retro Trainer CP4784,.


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Crucially, Womens Sandals Aerosoles Fire Light Nude,Cheap 182254 Nike Free Flyknit 4.0 Women Pink White Court Purple Shoes,Womens Boots ALDO Cherrie Black Leather,, 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 ALDO Hastina Black Suede,Inexpensive 156351 Nike Free Tr Fit 4 Women Green White _ Shoes,Womens Shoes Anne Klein Larna Taupe Leather,.

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Finally, Womens Sandals C Label Napoli-18 Tan,Adidas Originals JS Men Coupon_150,Womens Sandals Calvin Klein Udela Black Leather,, 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 Shoes Calvin Klein Lina Black Cow Silk,Adidas Springblade 2013 Men Coupon_251,Womens Boots CARLOS by Carlos Santana Gramercy Wide Shaft Taupe,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Womens Boots Clarks Fernwood Lake Dark Brown Combination Leather,Air Jordan 29th War Boots Men Coupon_340,Womens Sandals Clarks Glick Delta Nude Leather,, 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 Shoes Clarks Tarah Sofia Purple Grey Patent,Christian Louboutin Sale Women Coupon_453,Womens Boots COACH Gillian Chestnut Vegan 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 Shoes COACH Seneca Black,Christian Louboutin Sale Women Coupon_568,Womens Boots Cole Haan Cassidy Tall Boot Black Suede,, 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 Shoes Cole Haan Mariela Air OT Pump Black/Cork,Jimmy Choo Bridal Women Coupon_702,Womens Shoes Cole Haan Pinch Weekender Autumn Gold/Autumn Gold Suede,, 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 ECCO Touch 25 Buckle Mid Black,Jimmy Choo Pumps Women Coupon_834,Womens Shoes ECCO Auckland Loafer True Navy,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Womens Boots Naturalizer Jakes Wide Shaft Boot Black Wide Shaft Smooth,Jimmy Choo Wedges Women Coupon_941,Womens Sandals Naturalizer Network Tan Leather,. Shenzhen’s tech trailblazers are anxious about rising property prices. Womens Shoes New Balance WT610v4 Grey/Pink,New Balance Men Coupon_1043,Womens Shoes New Balance W496V2 White,