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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 Training Shoe Nike Free Trainer 1.0 807436-003,Cheap weurv ihxwe4 August Deals Nike Air Max 95 Womens,NIKE AIR MAX 2015 White/Black/Volt,.

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What, then, will be the features of this growing consumer market? A Outlet gamft hf5d7a August Deals Nike Air Max Zero Womens, 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, Adidas Gymbreaker Bounce Trainer Womens Collegiate Navy/Mineral Blue/Shock Pink Training Shoes V4568,Outlet zgqnv 6kcb3u August Deals Nike Air Max 2016 Womens,Nike Air Zoom Pegasus 32 Flash Womens Noble Purple/Vivid Purple/Copa/Reflective Silver Running Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Nike Zoom Elite 8 Womens Racer Blue/Sail/Black/Hyper Orange Running Shoes V71424,Sale g558r n2ssxi August Deals Nike Free 50 Womens,Men's Nike SB Free SB Nano Deep Royal Blue/White/Gum Light Brown/Metallic Silver UK#N5-9536,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Air Zoom Pegasus 32 Womens Lucid Green/Black/Chalk Blue/Racer Blue Running Shoes V62476,Sale vr5cz zvnwqu August Deals Nike Air Presto Womens,Toms Infant Classic Slip On Espadrille CP541,, argues the report,Nike Kids Alpha Strike 2 3/4 TD BG Football Sport Royal/Black/White UK#N5-9496,UK ea2pi 6z75vu Cheap Nike Air Max 90 Womens Pink Shoes,Criminal Damage Shoreditch Hooded Top CP1036,.

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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 Womens Sandals ALDO Kaoven White,Discount 200408 Nike Air Force 1 Men Shoes,Womens Sandals Anne Klein Olexia Black/Black 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 Badgley Mischka Jossie Platino Diamond Drill,Authentic 194473 Nike Air Max Men Light Grey Black Shoes,Womens Shoes C Label Liberty-8B Old Gold,.

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 Sandals Calvin Klein Jeans Opel Scarlet Vachetta Leather,Comfortable 227133 Nike Air Max Men Pink Blue White Shoes,Womens Shoes Calvin Klein Brady Cameo Rose Kid 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 Boots Clarks Swansea Grove Black Suede,Inexpensive 150346 Nike Air Max 90 Men White Black Green Shoes,Womens Sandals Clarks Hayla Heaven Tan,, 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 Shoes Clarks Haydn Pond Brown Leather,Comfortable 174732 Nike Air Max 90 Men White Black Green Shoes,Womens Sandals COACH Pelican Chalk Shiny Jelly,.

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About this Special Report

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