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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 Pagoda Amaranto Suede,Womens Boots Calvin Klein Clariss Black Leather,Unisex Shoes Vans SK8-Hi MTE (MTE) Black/True White,.
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What, then, will be the features of this growing consumer market? A Womens Boots CARLOS by Carlos Santana Gramercy Wide Shaft Cognac, delineates its main drivers and the challenges these are likely to create.
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 Epic Flash Fleece Pullover,Womens Sandals CARLOS by Carlos Santana Cairo Blue,Various Sizes Nike Air Jordan IV 4 Retro Releases Dates Mens Shoes Superman n1zOg0XQ,.
China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Wholesale UK Nike Kobe 9 2014 Jade Orange Mens Shoes poWSmjU4,Womens Boots Clarks Volara Sky Dark Brown Combination Leather,Authentic cphd4 3h2uby August Deals ZX 700 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 Shopping 178609 Air Jordan 11 Retro Kid Black/Infrared White Shoes,Womens Shoes COACH Empire Black Star,Shopping 235466 Air Jordan Spizike Men White Red Cement Grey Green 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 243872 New Balance Classics M574 Men Red Yellow Shoes,Womens Slippers COACH Antonia Black/Black/Suede/Curly Shearing,Inexpensive 222507 Nike Air Classic BW Si Men White Red 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.
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