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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, Womens Shoes Vaneli Soraya Black Suede,Womens Boots CARLOS by Carlos Santana Hamilton Taupe,LeBron Ultimate Hyper Elite Full-Zip,.
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What, then, will be the features of this growing consumer market? A Womens Sandals Clarks Saylie Witman Denim, 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, UK Sale Nike Air Flightposite I Sneakers For Women in XzMs40M3,Womens Shoes Clarks Concert Band Burgundy Patent,Wholesale Trade Nike Flight Posite Pro For Men in NJ22RpDu,.
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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, Inexpensive 158895 New Balance Classics Ml402 Men Light Blue Shoes,Womens Shoes Cole Haan Cary CH Argento Metallic,Cheap 155569 Nike Air Classic BW Si Men White Black Red Shoes,.
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.
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