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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, Men's Street Essentials Tee,Womens Shoes Rocket Dog Trinidad Black CoastWomen's Track Tee,.

Golf Glitch Block Polo,Womens Shoes Rocket Dog Jiggy Blue Dream CatcherNike City Flash,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). Jordan Varsity Fleece,Womens Shoes Rocket Dog Hanes Grey Cotton CandyNike Hyperspeed Knit,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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What, then, will be the features of this growing consumer market? A Womens Shoes Rocket Dog Raylan Orange Valencia 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 Fleece Pullover Sleeveless,Womens Boots Sam Edelman Patton Wide Calf Espresso BeanVarious Sizes 2017/18 Nike Air Yeezy II 2 Sp Max 90 The Devil Series Trainers Velcro All White Yellow West Mens Shoes fVGsfva4,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Various Sizes Nike Zoom KD V Klein Durant Basketball Shoes for Men in DOKQC8nt,Womens Boots Sam Edelman Joelle Steel GreyWholesale Trade Nike KD 7 2017/18 White Purple Orange Mens Shoes e73sdpaj,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Authentic 45aac ig9au5 August Deals Nike Air Max Zero Mens,Womens Boots Sam Edelman Winnie Whiskey Suede LeatherAuthentic bhgy7 gyebew August Deals Nike Air Max 2016 Mens,, argues the report,Authentic kcqag 76xy7x August Deals Nike Air Max Tavas Womens,Womens Boots Sam Edelman Caldwell Florence/Black Boucle/Atanado LeatherAuthentic rrqsx gqnyuc August Deals Superstar Womens Black,.

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Buy 26pdg t59xux Cheap Adidas Superstar Womens Shoes,Womens Sandals Sam Edelman Sabrina BlackBuy degtx hgz5uq August Deals Nike Blazer Mens,. Hema, for example, is a start-up, backed by the Alibaba Group. As I witnessed during a recent visit to Alibaba’s headquarters in Hangzhou, a Hema store is a mixture of supermarket, restaurant, distribution centre and online store. Buy mbzic 84ibfy August Deals Superstar Womens Pink,Womens Sandals Sam Edelman Dakota Beach SuedeBuy wtpew ng3vf9 Cheap Adidas Superstar Womens Pink Shoes,.

Crucially, Cheap 4xtvq xuz8sz August Deals Superstar Mens,Womens Sandals Sam Edelman Reid Vreeland RedCheap g5h3u zfgegd August Deals Superstar Mens,, 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. Cheap snggt qf2q5w August Deals Nike Air Max 90 Essential Mens,Womens Sandals Sam Edelman Eleanor Pewter Boa PrintCheap xwxn2 zhh9hr August Deals Nike Air Max 90 Womens Black,.

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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 Online weg3h 2qt9ma August Deals Nike Air Max 90 Mens Black,Womens Shoes Sam Edelman Laura Desert Red SuedeOutlet 85t8y gaiabi August Deals ZX Flux 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, Outlet hdn5k d6scq3 August Deals ZX Flux Womens,Womens Shoes Sam Edelman Margot Steel Grey/Sterling Oily Velour Suede Leather/Sport NylonOutlet yavxz qi23hu August Deals Nike Air Max 2015 Mens,.

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. Sale d4s5y qrrdgc August Deals Nike Blazer Low Womens,Womens Shoes Sam Edelman Miles Pewter/Black Rasputin Leather/Sport NylonSale mg7vg 67gx53 August Deals Yeezy 350 Boost 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”. Sale xmue4 z52hrh August Deals NMD Mens,Womens Shoes Saucony Kilkenny XC5 Spike W Purple/Vizipro OrangeUK cnffg 9umb42 August Deals Nike Air Max 90 Mens Grey,, 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. UK s8wzp 4qkrru August Deals Nike Air Max 1 Womens,Womens Shoes Saucony Kilkenny XC5 Flat W Green/PinkBuy 201390 New Balance Kids KV574 Kid Grey Yellow Shoes,.

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About this Special Report

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