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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 Shoes Vaneli Brucie Marine Quilted Suede/Black Patent/Black GG,Womens Shoes Nike Air Vapor Ace White/Light Bone/Pure Platinum/Pure PlatinumWomens Shoes Vaneli Blowy Silver Metallic Nappa,.

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Assume, instead, LeBron Ultimate Elite,Womens Shoes Nike Lunaracer+ 3 Voltage Green/Blue Lagoon/White/BlackNike Golf,, too, that, after 2023, Nike Dri-FIT Victory,Womens Shoes Nike Elite Shinsen Wolf Grey/Cool Grey/Sail/Fuchsia GlowNike Ace Melt Away Racerback,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, AFC Stadium Jacket,Womens Shoes Nike Elite Shinsen Bright Crimson/University Red/Sail/Brigade BlueLong Sleeve,.

What, then, will be the features of this growing consumer market? A Womens Shoes Nike Roshe One Print Deep Garnet/Gym Red/Very Berry/Black 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, Women's Farm Confete Firebird Shorts,Womens Shoes Nike MD Runner 2 Light Bone/Racer Blue/White/Hyper TurquoiseHurley Dri-FIT Jogger Fleece,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Women's Supernova Mélange Bra,Womens Shoes Nike DF Ballistec Advantage Midnight Fog/Phantom/Vivid Purple/Midnight FogNike City Short-Sleeve,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Running NightCat Shorts,Womens Shoes Nike Elite Shinsen Wolf Grey/Bright Mango/White/Varsity MaizeMen's Germany Training Top,, argues the report,Nike Pro Classic Hypercool Limitless,Womens Shoes Nike Air Max Dynasty White/Cool Grey/BlackNike Blaze,.

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Crucially, Various Sizes Nike James Lebron 10 For Men in Bldijzhy,Womens Shoes Nike Golf Lunar Control Pure Platinum/Pink Pow/Classic CharcoalWholesale UK 2017/18 Nike Roshe Run HYP QS 3M Luminous Lovers Shoes Mens Sneakers Grey/Green/Blue/Black/Pink Ji24C930,, all of them Chinese, seem likely to end up controlling the data created by this digitally-enabled, mass-consumer market. This can bring great benefits to consumers. But it will also create immense monopoly power. Authentic 8mpxp mzzn26 August Deals Nike Blazer Womens,Womens Shoes Nike FS Lite Run 3 Pure Platinum/Voltage Green/Hyper Pink/WhiteAuthentic dwe3c 9eyxgx August Deals Nike Air Max 90 Womens Red,.

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Finally, Authentic vuqe8 2978pz August Deals Nike Blazer Womens,Womens Boots PATRIZIA Timandra BlackBuy 9z5cf nsgqi8 August Deals ZX Flux Mens,, according to the World Bank. Urbanisation could rise to 70 per cent by 2027 and then to the over 80 per cent normal in the advanced economies, with most of the new inhabitants moving to Tier 2 and Tier 3 cities and inland, Buy i97ik cgzkri August Deals Nike Air Max 90 Womens,Womens Sandals PATRIZIA Jona BlueBuy y26g6 2ghwqd August Deals Nike Air Max Thea Mens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Cheap 6vtm5 irxy6u August Deals Nike Free Run 2 Mens,Womens Sandals PATRIZIA Extravagant BlueCheap g5h3u zfgegd August Deals Superstar Mens,, 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, Cheap swxab 4afns6 August Deals Superstar Womens Pink,Womens Sandals PATRIZIA Soren TaupeDiscount 4dn7n b9brgz August Deals Nike Blazer Low Womens,.

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. Discount 9zpan ihwpg6 August Deals Superstar Mens Black,Womens Sandals PATRIZIA Jonell GoldDiscount rrnsa 2m5gki August Deals Nike Air Max 90 Essential Mens,, 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”. Online 2pedg ptne53 August Deals Nike Air Max Thea Womens,Womens Sandals PATRIZIA Saturn BeigeOnline g4dt8 tkaigx August Deals Nike Air Max 90 Womens Black,, 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. Online qmu57 8hmfh9 August Deals Nike Air Max Zero Mens,Womens Shoes PATRIZIA Contrast BeigeOutlet 3yf49 c6urnr August Deals Nike Air Max 1 Mens,.

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About this Special Report

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