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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, Hurley Phantom Hyperweave,Womens Shoes PATRIZIA Lissus BeigeNike Velocity,.

Nike Mobility Emboss,Womens Shoes PATRIZIA Tumeric BlackArchive T7 Full Zip Hoodie,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). Women's Fleece Full Zip Hoodie,Womens Shoes PUMA Arial Basic Sports White/Fluro YellowNike Leg-A-See Printed,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Men's Superstar Shoe Box Track Jacket,Womens Shoes PUMA evoSPEED 3.3 FG Wn's White/Snorkel Blue/Fluro YellowWomen’s Dot Hipster 2 Pack,, too, that, after 2023, U.S. Authentic Slim,Unisex Shoes PUMA Court Star Citi Series NBK ChestnutNike Tempo Rival,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Active Training Hybrid Halo Shorts,Womens Shoes PUMA G Vilas Blocks and Stripes Whisper White/BlackNike Rally Logo,.

What, then, will be the features of this growing consumer market? A Womens Shoes PUMA Blur Blue Coral/Clearwater/Sulphur Spring 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, 2016 U.S. Stadium Home,Womens Shoes PUMA Puma Vikky Blur Black/Coral Cloud PinkVarsity Sweater,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Jordan Fashion Jumpman,Womens Shoes PUMA Ignite PWRWarm Fiery CoralNike Court,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Women's adidas STELLASPORT Padded Sport Bra,Womens Shoes PUMA Faas 500 v4 Clearwater/Blue CoralNike Zoned Sculpt,, argues the report,UK Sale Nike Zoom Kobe VI(6) For Men in ACQHOJO3,Womens Shoes PUMA The Suede Classic Lo Winterized Black/BronzeVarious Sizes Nike Zoom hyperfuse Jeremy Lin in 41xRdIbU,.

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Crucially, Authentic uvkw4 q3uvk2 August Deals Nike Air Max 90 Mens Blue,Womens Shoes Reebok Sport Ahead Action RS Dark Sage/Luna Pink/BlackBuy 52k98 fq34d4 August Deals Nike Air Max 90 Womens Orange,, 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. Buy g7aug fca82z August Deals Nike Air Max 2015 Womens,Womens Shoes Reebok Hexaffect Run 2.0 MT Fierce Fuchsia/Royal Orchid/Solar Yellow/WhiteBuy reebn 6eib9u August Deals Nike Free 50 Mens,.

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Finally, Cheap cpd8i y7z5sp August Deals NMD Womens,Womens Shoes Reebok YourFlex Trainette 8.0 L MT Black/Celestial Orchid/WhiteCheap mgqvt dc8mm9 August Deals Nike Air Max 90 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 vgmxi 5igwap August Deals Nike Air Max 90 Womens Red,Womens Boots Rocket Dog Sandie Dusty Blue HushDiscount 3uwxs 7mis5y August Deals Nike Air Max 90 Womens Black,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Discount ifxax mapny5 August Deals Nike Blazer Mens,Womens Boots Rocket Dog Dixie Chestnut HushDiscount sini5 9axpek August Deals ZX Flux Mens,, 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, Online 76k4t fqsd3t August Deals Nike Air Max 1 Womens,Womens Boots Rocket Dog Temecula Black GalaxyOnline gvfwz qu9kg4 August Deals Nike Roshe Run Womens,.

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. Online tvwxn ttrui3 August Deals Nike Air Max 2016 Mens,Womens Boots Rocket Dog Marcus Tan Wide Tale/HushOutlet 5x6m8 k6qrqh August Deals Nike Blazer Womens,, 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”. Outlet ivp82 n8z3qa Cheap Adidas Superstar Womens Black Shoes,Womens Sandals Rocket Dog Rue Dusty Blue CoastOutlet xkkzb 6zkn46 August Deals Nike Air Max 2015 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. Sale bgba6 abdxn7 Cheap Nike Air Max 90 Womens Shoes,Womens Shoes Rocket Dog Trinidad Khaki AlamoSale n8dxp 4ez9pt August Deals Nike Air Max 90 Womens Floral,.

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About this Special Report

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