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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, Comfortable 148805 Nike Zoom Kobe VI Kid White Gold Shoes,Womens Shoes Nike Flex 2015 RUN Black/Hot Lava/White,Discount 163748 Adidas Springblade Razor Men Metallic Silver Black Light Shoes,.

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Assume, instead, Authentic 243413 Nike Air Force 1 Men Black Shoes,Womens Shoes Nike Air Relentless 5 Cool Grey/Black/Hyper Pink/Voltage Green,Inexpensive 168751 Nike Air Max Men White Yellow Shoes,, too, that, after 2023, Inexpensive 167723 Nike Air Max Men Silver Orange Shoes,Womens Sandals PATRIZIA Glowgaze Silver,Shopping 157070 Nike Air Max 90 Men White Blue Shoes,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Cheap 146542 Nike Air Max 90 Men White Shoes,Womens Sandals PATRIZIA Tosia Silver,Inexpensive 190804 Nike Air Max Ltd Men Black Yellow Shoes,.

What, then, will be the features of this growing consumer market? A Womens Shoes PATRIZIA Alcea Navy, 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, Discount 226051 Nike Air Max Tailwind 4 Men Grey Royal Blue Shoes,Womens Shoes PUMA Pulse FLEX XT Bleached Denim/Astral Aura,Buy 189715 Nike Dream Season Kobe Bryant Men Black Purple White Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Discount 153006 Nike Dunk Low Men White Blue Royal Shoes,Womens Shoes Reebok Quickchase Run Gravel/Blazing Pink/Pure Silver/White,Authentic 217520 Nike Free 3.0 V2 Men Gray Green White Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Inexpensive 226791 Nike Free Flyknit 4.0 Men White Brave Blue Shoes,Womens Boots Rocket Dog Huxley Brown Creek,Cheap 147670 Nike Hyperize Kobe Bryant Olympic Men White Red Shoes,, argues the report,Comfortable 225326 Nike Lunar Eclipse Shield Men Grey Purple Shoes,Womens Sandals Rocket Dog Gem White Kingsley,Cheap 177004 Nike Max Lebron VIii Men Black Royal Blue Shoes,.

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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 Adidas Springblade 2013 Men Coupon_244,Womens Boots UGG Kensington II Toast,Christian Louboutin Sale Men Coupon_417,, 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, Giuseppe Zanotti Sale Women Coupon_646,Womens Boots UGG Orion Glacier Leather/Suede,Jimmy Choo heels Women Coupon_773,.

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. Platforms Jimmy Choo Women Coupon_983,Womens Boots UGG Classic Short Serape Bling Sand Twinface,New Balance 574 Men Coupon_1209,, 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”. New Balance Women Coupon_1383,Womens Sandals UGG Sadie Black,Nike Derrick Rose Men Coupon_1610,, 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. Nike Kevin Durant War Boots Men Coupon_1765,Womens Slippers UGG Dakota Liberty Asphalt,Men's Basketball Shoe Nike HyperLive 819663-707,.

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About this Special Report

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