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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 Sandals UGG Kayla Marlin Nubuck,Womens Shoes Anne Klein Petrica Firebrick Reptile,Womens Slippers UGG Scuffette Liberty Pony Brown,.

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What, then, will be the features of this growing consumer market? A Womens Shoes C Label Liberty-22A Light Gold, 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, Nike 7" Phenom 2-in-1,Womens Boots Calvin Klein Jeans Mirella Dark Brown,Running Women’s Blast Shorts,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Hurley Phantom Compression Long-Sleeve,Womens Sandals Calvin Klein Lorren Pewter Leather,NikeCourt Premier Rafa,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Women's Seamless Bra,Womens Shoes Calvin Klein Calayla Whiskey/Black Nappa,Various Sizes 2012 Nike Free Run+ 3 Womens Shoes Grey Orange 4h1EUrrI,, argues the report,Various Sizes Nike Roshe Run 3 Shoes First Mens Sneakers Blue White Tv2A7wfZ,Womens Shoes Calvin Klein Marilynn Black Patent,Authentic 9gbs9 5349c3 Cheap Adidas Superstar Womens 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 Sale tct85 dyzr6w August Deals Nike Air Max 90 Womens,Womens Shoes Clarks Brier Dolly Nude Synthetic,UK cszrw xagwdr August Deals Nike Air Max 90 Womens,, 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, Comfortable 149844 New Balance Kids 880V4 Kid Blue Green Shoes,Womens Shoes Clarks Keesha Luca Burgundy Patent Leather,Cheap 174505 Adidas Skate Men Red White 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.

The great probability is that all of this will indeed happen. Inexpensive 190430 Air Jordan 10 Retro Men Dust/Metallic Gold Black Shoes,Womens Shoes Clarks Tri Active Black Leather,Buy 171350 Air Jordan 4 Men Fire Red White Fire Red Black Shoes,, 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”. Comfortable 192207 New Balance Classics M996 Men Tan Shoes,Womens Boots COACH Tristee Black/Bright Persimmon Plaid,Authentic 148132 Nike Air Classic BW Si Men Black Grey Shoes,, 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. Buy 170374 Nike Air Force 1 Men White Flint Grey Grey Black Shoes,Womens Sandals COACH Caterine Azure,Comfortable 231741 Nike Air Max Men Black Green Shoes,.

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About this Special Report

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