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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, Comfortable 185431 Air Jordan V.1 Retro Men Blue White Shoes,Womens Shoes PUMA Sequence Black/Puma Silver/Virtual Pink,Authentic 146410 New Balance Classics Ml501 Men Red Navy Shoes,.

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Assume, instead, Buy 189220 Nike Air Max 90 Men Grey White Shoes,Womens Boots Rocket Dog Hamden Brown Galaxy,Shopping 172487 Nike Air Max 90 Men White Black Purple Shoes,, too, that, after 2023, Discount 162204 Nike Air Max Ltd Men White Grey Shoes,Womens Sandals Rocket Dog Kaleo Natural Hot Trot,Discount 197314 Nike Air Max Wavy Men White Black Shoes,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Discount 170173 Nike Classic Cortez Men Navy Blue Red Shoes,Womens Shoes Rocket Dog Parton Navy Kyoto,Comfortable 226904 Nike Dunk High Men Smiling Face Arrow Blue Pink White Shoes,.

What, then, will be the features of this growing consumer market? A Womens Boots Sam Edelman Kourtney Black Suede, 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, Authentic 230943 Nike Dunk Low Men White Metallic Gold Red Shoes,Womens Sandals Sam Edelman Kayde Soft Nude Talco Kid Leather,Cheap 160803 Nike Free 4.0 V2 Men Royal Blue Red White Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Buy 203133 Nike Free Trainer Men Gray Red White Shoes,Womens Shoes Sam Edelman Dora Space Blue Magma Metallic,Comfortable 223094 Nike Lebron 8 Men Black Pink Filament Green Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Authentic 150728 Nike Lunarglide 3 Men Red Blue White Shoes,Womens Shoes Saucony Showdown 2 Purple/Vizi,Buy 149850 Nike Roshe Run Men Black Grey Shoes,, argues the report,Comfortable 183639 Nike Shox Nz Men Black Yellow Shoes,Womens Shoes Saucony Mystic Grey/Violet/Blue,Comfortable 167540 Nike Shox R4 Men Black Shoes,.

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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 Christian Louboutin Sale Women Coupon_597,Womens Sandals Vaneli Maslyn Black Mag Patent/Black Elastic,Jimmy Choo Pumps Women Coupon_819,, 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, New Balance Men Coupon_1048,Womens Sandals Vaneli Lassie Platino Ket Fabric/Gold Buckle,New Balance 574 Men Coupon_1213,.

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. New Balance Women Coupon_1374,Womens Shoes Vaneli Anike Grey Levens/Mtch Elastic,New Balance 574 Men Coupon_1233,, 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”. Nike Kevin Durant War Boots Men Coupon_1769,Womens Shoes Vaneli Elana Black Bulgaro/Black Elastic,Men's Boot Nike Air Max Goadome 865031-208,, 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. MEN'S NIKE AIR ZOOM ELITE 8 748588-803,Womens Shoes Vaneli Louise Red Suede,Men's Running Shoe Nike Air Max 2015 698902-018,.

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About this Special Report

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