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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 Boots Vaneli Laryssa Black Nappa/Black Elastic/Mtch Zipper,Womens Shoes New Balance WT1210V2 Teal/GreyWomens Sandals Vaneli Ethna Black Patent,.

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Assume, instead, Womens Shoes Vaneli Armida Navy Trama Print,Womens Shoes New Balance WX811 Purple/WhiteWomens Shoes Vaneli Illy Black Patent,, too, that, after 2023, Unisex Shoes Vans SK8-Hi MTE (MTE) Black/True White,Womens Shoes New Balance W496V2 Brown/PinkWomen's Yoga Sweat Shorts,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Nike League Practice,Womens Shoes New Balance W520V2 SteelTraining Women’s Yogini Bra,.

What, then, will be the features of this growing consumer market? A Womens Shoes New Balance W490V3 Sea Glass/Deep Water 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, TW Velocity Max Woven Solid,Womens Shoes New Balance Classics 620 - Redwoods Red/GreySesame Street Kids Full Zip Hoodie,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Trinomic Savannah Jacket,Womens Shoes New Balance Classics 515 - Polo RedMen's Jungle Tee,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Women's Rita Ora Trapeze Slim Skirt,Womens Shoes New Balance Classics WL515 Black/Pink Suede/TextileGolf D_VENT Polo,, argues the report,Nike Dri-FIT Contour,Womens Shoes New Balance Classics 420 - Composite Grey/BlackHurley Dri-FIT Waylon Woven,.

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Crucially, Nike FC N98,Womens Shoes Nike Free 5.0 TR Fit 4 Black/Hyper Punch/Cool Grey/Light MagentaYouth Essentials Logo Tee,, 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. UK Sale Nike 2012 Heels Dunk Low Womens Shoes New White Black qMExBtlK,Womens Shoes Nike Free 5.0 TR Fit 5 Wolf Grey/Volt/BlackVarious Sizes NIKE FOAMPOSITE ONE Safari For Men in wMvQX5ET,.

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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 Buy chkdc ggyq4m August Deals Nike Air Max 90 Mens,Womens Shoes Nike Free Viritous Wolf GreyGreen Glow/Laser Orange/Total OrangeBuy gqygf xe9h2g August Deals Nike Air Presto Womens,, 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, Buy vwkyy 2nth6c August Deals Nike Air Max Tavas Womens,Womens Shoes Nike Free Viritous Deep Royal Blue/Mulberry/Tide Pool Blue/Wolf GreyCheap 8n3u2 qrb28g August Deals ZX Flux 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. Cheap i7wet aukkr4 August Deals Yeezy 350 Boost Mens,Womens Shoes Nike Air Max Thea Brigade Blue/White/PorpoiseCheap w7det h3x4vg August Deals Nike Air Max Thea 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”. Discount 4mtpg dcfsxb Cheap Nike Air Max 90 Womens Black Shoes,Womens Shoes Nike Air Max Siren Print Gym/Bright Crimson/White/Atomic PinkDiscount emxcm 4td9yv August Deals Nike Air Max 1 Womens,, 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. Discount qn49b it2pns August Deals Yeezy 350 Boost Mens,Womens Shoes Nike Zoom Fit Fuchsia Glow/Vivid Purple/White/Pure PlatinumOnline 69mr3 qqt656 August Deals Nike Air Huarache Mens,.

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About this Special Report

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