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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, Shopping 218204 Lebron 11 Men Black White Red Shoes,Womens Shoes Nike DF Ballistec Advantage Dove Grey/Fuchsia Flash/Classic Charcoal/Hot Lava,Inexpensive 167378 Nike Air Classic BW Si Men Black Pink Shoes,.

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Assume, instead, Discount 158547 Nike Air Max 90 Men Grey White Shoes,Womens Boots PATRIZIA Insightful Grey,Discount 160397 Nike Air Max Ltd Men Black White Shoes,, too, that, after 2023, Discount 172230 Nike Air Penny V Men Crimson Black Shoes,Womens Sandals PATRIZIA Soren Taupe,Shopping 210114 Nike Dunk High Men Black Grey Shoes,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Comfortable 172227 Nike Dunk High Men Sun Flower Silver Grey Shoes,Womens Shoes PATRIZIA Reilly Gray,Buy 236964 Nike Free 3.0 V2 Men Light Blue White Shoes,.

What, then, will be the features of this growing consumer market? A Womens Shoes PUMA evoSPEED 4.4 IT Sulphur Spring/Total Eclipse/Electric Blue Lemonade, 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, Shopping 200090 Nike Free Run 3 Men Gray Red White Shoes,Womens Shoes Reebok Crossfit Sprint 2.0 SBL Electric Peach/White/Royal,Inexpensive 179765 Nike Lebron 11 Men Black Red Green Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Cheap 169139 Nike Lunar Orbit Men Grey White Shoes,Womens Boots Rocket Dog Tyree Charcoal Hush,Shopping 185073 Nike Roshe Run Men Color Carbon Black White Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Shopping 219223 Nike Shox O Leven Men Black Grey Shoes,Womens Sandals Rocket Dog Belize Orange Valencia,Shopping 147187 Nike Shox R4 Men White Black Shoes,, argues the report,Authentic 166650 Nike Zoom Hyperdunk Men Orange Shoes,Womens Boots Sam Edelman Alyssa Black Leather,Inexpensive 171552 Nike Zoom Kobe VI Men White Black Red Shoes,.

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Crucially, Shopping 195843 Nike Air Force 1 Women Shoes,Womens Shoes Saucony Spitfire 2 Raspberry/Blue,Inexpensive 187348 Nike Classic Cortez Nylon Women Orange White Shoes,, 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. Shopping 179413 Nike Free 5.0 V4 Women Grey Blue White Shoes,Womens Shoes Saucony Progrid Lancer Aqua/Pink/Grey,Comfortable 170267 Puma Suede Classic Women Pink Blue Shoes,.

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Finally, Adidas Springblade Women Coupon_328,Womens Boots UGG Becket Black,Christian Louboutin Sale Women Coupon_561,, 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, Jimmy Choo Bridal Women Coupon_732,Womens Boots UGG Charlee Chestnut Suede,Platforms Jimmy Choo Women Coupon_994,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of New Balance 574 Men Coupon_1149,Womens Boots UGG Bailey Bow Redwood Twinface,Jimmy Choo Wedges Women Coupon_946,, 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, New Balance 998 Women Coupon_1542,Womens Sandals UGG Sedona Metallic Pearl/Textile/Suede,Nike Kevin Durant Men Coupon_1732,.

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. Men's Basketball Shoe LeBron XIII Low 831925-001,Womens Boots Under Armour UA Verge Mid GTX Mechanic Blue/Emerald Sari/Elemental,JORDAN MELO 11 Game Royal/Black/Fireberry/Metallic Silver,, 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”. Men's Nike Shoe KD 8 Lifestyle 749637-400,Womens Sandals Vaneli Wander Black Mag Patent/Black Bulgaro Calf,Men's Running Shoe Nike LunarTempo 705461-001,, 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. Men's Shoe Nike Air Max 2016 Print 818135-001,Womens Sandals Vaneli Weezy Black Nappa/Black Darry,Men's Shoe Nike Court Zoom Vapor 9.5 Tour 631458-106,.

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About this Special Report

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