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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, Cheap 177554 New Balance Classics Ml574 Men Green Orange Shoes,Womens Slippers UGG Mellie Skyline Water Resistant Suede,Comfortable 238649 New Balance Mt610V3 Men Black Grey Orange Shoes,.

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What, then, will be the features of this growing consumer market? A Womens Shoes Vaneli Ilium Black Asiago Suede, 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 231637 Nike Dunk High Men Shoes,Womens Shoes Vaneli Bennet Black Suede,Shopping 227861 Nike Dunk Low Men White Green Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Comfortable 181517 Nike Free 3.0 V2 Suede Men Blue White Gray Shoes,Womens Shoes Vaneli Illy Tortoise Patent,Discount 157299 Nike Free Run Men Black White Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Comfortable 212211 Nike Free Tr Fit Men Royal Blue White Shoes,Womens Shoes Vaneli Gael Gunmetal Milled Calf,Authentic 172368 Nike Lunareclipse Shield Men Grey White Blue Shoes,, argues the report,Buy 232931 Nike Lunarpath Etw Men Black Shoes,Unisex Shoes Vans SK8-Hi Moc (Suede) Black/Black,Comfortable 211783 Nike Shox Conundrum Men Black Red 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 Shopping 240976 Nike SB Dunk Low Women White Black Tourmaline Shoes,Women's Rita Ora Trapeze Transparent Windbreaker,Adidas Originals JS Men Coupon_116,, 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, Adidas Springblade Men Coupon_223,Golf Women’s Pounce Polo,Christian Louboutin Sale Women Coupon_475,.

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. Christian Louboutin Sale Women Coupon_620,Nike Energy Element ORPJT Pullover,Jimmy Choo Pumps Women Coupon_802,, 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 Men Coupon_1005,Jordan All Around,New Balance 574 Men Coupon_1139,, 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. New Balance 574 Men Coupon_1283,Nike Prodigy Summer Solstice,New Balance 574 Women Coupon_1437,.

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About this Special Report

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