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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 Adella Black E-Print/Matching Elastic,Womens Shoes Nike Air Max Tailwind 8 Print Black/White/WhiteWomens Shoes Vaneli Astyr Ecru Patent,.

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Assume, instead, TW Kimono Heather Mesh,Womens Boots PATRIZIA Angelique BrownHurley Phantom Fleece Full-Zip,, too, that, after 2023, Hurley Blocked Runner,Womens Shoes Nike Dual Fusion TR 4 Print Bright Crimson/Volt/Laser Orange/BlackMen's EQT Boston Marathon Track Jacket,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Women's Regista Asymmetrical Tee,Womens Sandals PATRIZIA Extravagant BeigeGolf Pounce Polo,.

What, then, will be the features of this growing consumer market? A Womens Boots PATRIZIA Meg 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, Nike Element,Womens Sandals PATRIZIA Iridescent BlackNike Pro Hyperwarm Max Flash Mock Compression,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Running Faster Than You Shorts,Womens Sandals PATRIZIA Mykonos GoldMen's Germany Graphic Tee,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Pro Fierce Lotus,Womens Sandals PATRIZIA Jonell RedNike SB x Poler Icon Crew,, argues the report,NikeCourt 7" Gladiator Premier,Womens Sandals PATRIZIA Perfection SilverMen's Base Mid Shorts,.

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Youth Daybreaker Hoodie,Womens Sandals PATRIZIA Anouk BeigeVarious Sizes Adidas F50 Adi 5 Soccer Cleats Tf Men Black Blue White VTmfwgU2,. 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. Wholesale Trade Converse All Star Chuck Taylor Low-Top Big Star White Canvas Shoes gIhg5UC3,Womens Sandals PATRIZIA Von NavyWholesale Trade Nike KD 7 2017/18 White Purple Orange Mens Shoes e73sdpaj,.

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Finally, Buy ii7ug 4ztgg5 August Deals Nike Air Huarache Mens,Womens Shoes PATRIZIA Alcea BlackBuy qighg q786h3 August Deals ZX 750 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, Cheap 5ysdp 8ydfuh August Deals Nike Air Max 95 Womens,Womens Shoes PATRIZIA Tumeric BlackCheap d4giv ihht6v August Deals Nike Air Max 90 Womens Purple,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Cheap sgfqx w23ezb Cheap Adidas Superstar Womens Black Shoes,Womens Shoes PUMA Pulse XT Geo Vapor BlueCheap wqq7e bm4piv August Deals Nike Air Max 90 Womens Blue,, 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, Discount 8vpyt hpyatk August Deals Nike Air Max 90 Womens,Womens Shoes PUMA Asha NU Alt 2 Blueprint/OmphalodesDiscount qh5qh 56wk5z August Deals Superstar Mens Blue,.

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 umaay 9k5ewf August Deals Nike Air Max 2016 Mens,Womens Shoes PUMA Cell Riaze White/Clearwater/Italian PlumOnline czyx6 ki3dap Cheap Adidas Superstar Womens White Shoes,, 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 kwr8t qtrtqp August Deals Nike Air Max 90 Womens,Womens Shoes PUMA Ignite ProKnit Blue Coral/Sulphur SpringOnline zu4qy dghtzf August Deals Nike Air Max Tavas Mens,, 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. Outlet d52i6 fzia3g August Deals Nike Air Max Thea Womens,Womens Shoes PUMA Roma L Metallic White/Puma SilverOutlet qf5pg 5nhqmh August Deals ZX Flux Mens,.

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About this Special Report

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