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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 236319 Nike Shox O Nine Men White Black Red Shoes,Hurley Dri-FIT Surf Camo,Authentic 214761 Nike Shox R4 Men White Grey Shoes,.
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What, then, will be the features of this growing consumer market? A Women's Shell Tile Windbreaker, 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, Authentic 198372 Nike Roshe Run Women Grey Green Electric Yellow Shoes,Men's adizero Split Shorts,Adidas Originals JS Men Coupon_142,.
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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, Women's Shoe Nike Juvenate Woven Premium 833825-600,Authentic qbefi 6vnk2a August Deals Nike Air Max 95 Womens,Adidas Messi 15.1 Fg Boys Preschool Semi Solar Slime/Solar Red/Black Soccer Shoes V74369,.
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. Nike Flex Experience 4 Boys Grade School Cool Grey/Metallic Silver/Team Orange Running Shoes V47152,Authentic zzdsn gqygzm August Deals Nike Air Huarache Mens,Adidas Crazy 97 Mens Mid Grey/Solar Blue/Orange Basketball Shoes V64240,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.
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