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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, Shopping 180331 Nike Dunks High Men Shoes,Womens Boots UGG Classic Mini Serape Seal Twinface,Comfortable 161605 Nike Free 4.0 V2 Men Royal Blue Red White Shoes,.

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Assume, instead, Buy 171243 Nike Shox Nz 2.0 Men Black Pink Shoes,Womens Boots Vaneli Raysel Mouse Nival Suede/Tmoro Elasticized Suede,Cheap 187382 Nike Shox R4 Men White Shoes,, too, that, after 2023, Discount 216089 Nike Zoom Hyperfuse Men Orange Silver Grey Shoes,Womens Sandals Vaneli Welda Pale Platino Gesa/Clear Stones/Gunmetal Frame and Buckle,Comfortable 208900 Nike Zoom Hyperfuse Low Men Black White Shoes,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Shopping 205637 Nike Shox R4 Men Black White Shoes,Womens Shoes Vaneli Milka Black Nappa/Pewter Chain,Discount 197522 Air Jordan 11 Retro Unisex Grey Mist/White Midnight Navy Shoes,.


What, then, will be the features of this growing consumer market? A Womens Shoes Vaneli Matilda Natural Cork/Platino Met Nappa, 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, Comfortable 238261 Nike Roshe Run Unisex Blue Yellow White Shoes,Womens Shoes Vaneli Pamela Black Nappa/Black Mag Patent/Gold Chain,Shopping 165595 New Balance Classics Wl574 Women Navy Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Cheap 171350 Nike Air Max Women Grey Yellow Shoes,Womens Shoes Vaneli Baldy Black Perf Suede/Match Stones,Inexpensive 207973 Nike Air Max Women White Pink Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Authentic 176230 Nike Free 3.0 V4 Women Orange Gray Shoes,Women's Running Hoodie,Authentic 229518 Nike Free Run 3 Women Blue White Shoes,, argues the report,Adidas Bounce Titan IV Men Coupon_070,Style Athletic Bermudas,Adidas Springblade 2013 Men Coupon_233,.

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Finally, Men's Golf Shoe Nike Air Zoom Gimme 849955-301,Women's Supernova Three-Quarter Tights,Men's Nike Shoe CJ3 Flyweave Trainer (Lions)725231-081,, 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, Men's Running Shoe Nike Flyknit Air Max 620469-010,Active Training Hybrid Halo Shorts,Men's Shoe Jordan Trainer ST 820253-003,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Men's Shoe Nike Air Presto Mid Utility 859524-300,Men's AC Milan Home Replica Player Shorts,Men's Shoe Nike Free Trainer V7 898053-002,, 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, Men's Shoe Nike Zoom Kobe Icon 818583-001,Hurley Dri-FIT Icon Long-Sleeve,Men's Weightlifting Shoe Nike Romaleos 3 852933-700,.

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. Nike Flyknit Racer Unisex Running Shoe 526628-009,Nike Just Do It Shadow Dot,NIKE ROSHE RUN Wolf Grey/White,, 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”. Women's Shoe Nike Air Max Tailwind 8 Print 806804-401,Men's adidas 03 Tee,Women's Shoe Nike Metcon 2 821913-102,, 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. Nike Free 5.0 2015 Boys Preschool University Red/Black/Hyper Orange/White Running Shoes V82086,Youth Daybreaker Hoodie,Adidas Crazy 8 Girls Grade School Blast Purple/Vivid Berry/White Basketball Shoes V39057,.

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About this Special Report

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