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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 Brucie Marine Quilted Suede/Black Patent/Black GG,Womens Shoes Calvin Klein Cirilla Sandstorm Leather,Womens Shoes Vaneli Tawnee Ecru Mag Patent/Mtch Gross Grain,.
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What, then, will be the features of this growing consumer market? A Womens Sandals Clarks Brinkley Arney White Synthetic, 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 Championship Locker Room (Villanova),Womens Sandals Clarks Leisa Bloom Black Leather,Kids Team Knit Full-Zip Hoodie,.
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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, Buy 163971 Adidas Skate Men Burgundy Run White Shoes,Womens Sandals Cole Haan Britt Sandal Black Python Print/Cord,Buy 224293 Air Jordan 5 Retro Men Black Fluorescent Green 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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