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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, Discount 155440 Air Jordan 3 Men Red Black Metallic Silver Shoes,Womens Shoes Saucony Cohesion 9 Blue/Light Blue/Coral,Inexpensive 151810 Air Jordan Spizike Men Black Blue White Shoes,.

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What, then, will be the features of this growing consumer market? A Womens Boots UGG Classic Short Pine Twinface, 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, Inexpensive 168213 Nike Air Max Tailwind 4 Men Grey Orange Black Shoes,Womens Boots UGG Sivada Liberty Blush Floral,Buy 234946 Nike Dunk High Men Red Black Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Inexpensive 155948 Nike Dunk High Men White Pink Shoes,Womens Shoes UGG Syleste Red Textile,Inexpensive 211939 Nike Dunk Low Men White Green Bean Cave Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Comfortable 245003 Nike Free 3.0 V5 Men Red Black White Shoes,Womens Shoes UGG Aven Tawny,Shopping 201488 Nike Free Flyknit 4.0 Men White Grey Black Shoes,, argues the report,Discount 211707 Nike Lebron 10 Men Black Shoes,Womens Boots Vaneli Jamilla Black Nival Suede/Mtch Elastic,Inexpensive 150826 Nike Lunar Eclipse 2 Men Black Red 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 Cheap 231601 Nike Free 5.0 V4 Women Blue Grey White Shoes,Womens Shoes Vans Dazie-Hi (Suede/Dots) Original Navy,Comfortable 158932 Nike Lunarglider 2 Women White Black Shoes,, 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 Bounce Titan III Men Coupon_067,Jordan Ultimate Flight Three-Quarter,Adidas Springblade 2013 Men Coupon_271,.

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. 2015 Christian Louboutin Women Coupon_429,Nike Pro Hyperstrong Hardplate Graphic Compression,Christian Louboutin Sale Women Coupon_615,, 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 heels Women Coupon_778,Nike Modern Rise Sporty,Platforms Jimmy Choo Women Coupon_984,, 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_1157,Nike Fleece Full-Zip,New Balance 891 Men Coupon_1302,.

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About this Special Report

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