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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, Nike Filament,Womens Sandals COACH Alyssa Black,Woven Bermuda Shorts,.

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What, then, will be the features of this growing consumer market? A Womens Sandals Cole Haan Hart Wedge Sandstone, 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, Buy qighg q786h3 August Deals ZX 750 Mens,Womens Shoes Cole Haan Raven Hightop Sneaker Maple Sugar Shearling,Cheap 6evis 7q4s49 August Deals Superstar Womens,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Cheap grdh6 637tuf August Deals Nike Air Max 90 Womens Black,Womens Shoes Cole Haan Bethany Wedge Sahara Snake Roccia,Discount 2irtb mccqgg August Deals Nike Air Max Thea Womens,.

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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 Cheap 168041 Nike Air Max Men White Grey Black Shoes,Womens Shoes GUESS Abria Natural Suede,Cheap 181275 Nike Air Max Men Green 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, Cheap 197011 Nike Air Max 90 Men White Blue Red Shoes,Womens Shoes Hunter Original Tour Ballerina Damson,Shopping 168778 Nike Air Max 90 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. Buy 189336 Nike Air Max Penny 1 Men Black Purple Right Mandarin Shoes,Womens Boots Naturalizer Trust Black Smooth,Comfortable 186617 Nike Air Yeezy Men Grey Light Charcoal Shoes,, a collapse of the global economy, domestic political upheaval — comes in the way of continued progress.

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About this Special Report

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