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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, Inexpensive 235707 Air Jordan 13 Retro Men White /Tropical Black Grey Shoes,Womens Shoes Sam Edelman Bev Black/Camel,Inexpensive 205191 Air Jordan Retro 3 Men Grey Light Grey Silver Red Orange Shoes,.

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Assume, instead, Authentic 205588 Nike Air Go Lwp Men White Black Blue Shoes,Womens Shoes Saucony Originals Jazz Low Pro Charcoal/Orange,Authentic 207037 Nike Air Max Men White Pink Shoes,, too, that, after 2023, Inexpensive 152089 Nike Air Max 1 Men Green Blue Green Shoes,Womens Shoes Superga 2311 Metallics Graphite,Discount 162828 Nike Air Max 90 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, Inexpensive 184856 Nike Air Max Classic Sl Men Black White Shoes,Womens Boots Timberland Joslin Chukka Wheat Nubuck,Discount 201111 Nike Air Max Ltd Men Black White Shoes,.

What, then, will be the features of this growing consumer market? A Womens Boots UGG Chaney 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, Cheap 156997 Nike Air Max Tailwind 4 Men Pink Grey Shoes,Womens Boots UGG Brooks Brown,Authentic 206068 Nike Dream Season III Low Kobe Bryant Men Black White Red Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Comfortable 237955 Nike Dunk High Men White Light Slate Gray Orange Yellow Shoes,Womens Boots UGG Palisade Black Suede,Discount 212071 Nike Dunk Mid Pro SB Men Black Red Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Comfortable 236487 Nike Free 4.0 Flyknit Men Green Black Shoes,Womens Boots UGG Jasper Chestnut Leather,Authentic 236863 Nike Free Tr Fit Men Green Gray White Shoes,, argues the report,Comfortable 235298 Nike Lebron 10 Men Seaweed Green Shoes,Womens Sandals UGG Lira Gold Washed Leather,Cheap 177157 Nike Lunar Eclipse 2 Men Dark Grey Green 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 Shopping 245823 Nike Free Run 3 Women Blue Glow Orange Shoes,Womens Shoes Vaneli Drusilla Navy E-Print,Adidas Bounce Titan 2012 Men Coupon_019,, 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, Adidas Porsche Design S3 Men Coupon_202,Unisex Shoes Vans Era 59 (Plaid) Dress Blues,Asics Mexico 66 Lauta Men Coupon_362,.

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. Christian Louboutin Sale Women Coupon_555,Men's J Wall Hoodie,Jimmy Choo Bridal Women Coupon_703,, 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”. Jimmy Choo Sandals Women Coupon_897,Hurley Block Party,New Balance Men Coupon_1033,, 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. New Balance 574 Men Coupon_1257,Nike Course Enemies Graphic,New Balance 574 Women Coupon_1428,.

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About this Special Report

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