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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, UK Outlet Store Nike Lunar Hyperdunk 2012 Basketball Shoes for Women in zvEhIRdn,Womens Boots COACH Coleen Black Leather,Authentic bkb66 xidcdn August Deals Nike Air Max 90 Mens White,.

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What, then, will be the features of this growing consumer market? A Womens Sandals Cole Haan Cameron Sandal Sequoia, 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, Outlet d52i6 fzia3g August Deals Nike Air Max Thea Womens,Womens Shoes Cole Haan Juliana Low Sling 45 Sandstone Lizard Print,Outlet zctxr gx6x8c August Deals Nike Air Huarache Womens,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Sale g4n4z 8q2r4w August Deals Nike Roshe Run Womens,Womens Shoes Cole Haan Bethany Pump 65 Black Patent,Sale vkn3p 7xnxup August Deals Ultra Boost Mens,.

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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 Buy 203133 Nike Free Trainer Men Gray Red White Shoes,Womens Boots Naturalizer Trust Dark Brown Smooth,Authentic 207946 Nike Lebron 11 Men Graffiti White Shoes,, 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 196491 Nike Lunarswift 2 Men Blue Black White Shoes,Womens Sandals Naturalizer Edith Nickel Alloy/Dark Pewter Metallic Leather/Gore,Inexpensive 218467 Nike Shox Nz Men White Blue 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. Shopping 238686 Nike Shox R4 Men Black Blue Shoes,Womens Shoes Naturalizer Dresden Black Leather/Mesh,Shopping 242291 Nike Shox R4 Men White Gold 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”. Buy 199665 Nike Zoom Kd IV Men White Green Shoes,Womens Shoes New Balance WC1005 Grey/Pink,Inexpensive 181248 Onitsuka Tiger By Asics Mexico 66 Men Grey Navy Blue 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. Inexpensive 217088 Nike Zoom Hyperfuse Xdr Men White Green Shoes,Womens Shoes New Balance W870v4 Blue/White,Shopping 243541 Adidas Climacool Ride Women Purple Fluorescent Green Shoes,.

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About this Special Report

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