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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, Authentic 187893 Asics Gellyte V Men White Grey Purple Shoes,Womens Boots UGG Kisses Mini Berry Crush Hearts Suede,Authentic 196213 New Balance Classics Us574 Men Blue Infinity Shoes,.

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What, then, will be the features of this growing consumer market? A Womens Boots Vaneli Rasha T.Moro Nival Suede/Mtch Elastic, 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, Shopping 192565 Nike Dunk High Men Shoes,Womens Boots Vaneli Ionna Black Suede/Cuoio Suede,Buy 225739 Nike Dunk Low Men Green Black Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Discount 215440 Nike Dunks Low SB Men Brown Mushroom Shoes,Womens Sandals Vaneli Kiliana Nude Krinkle Patent/Gold Buckle,Buy 212707 Nike Free 5.0 V4 Men Royal Blue Grey White Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Discount 233726 Nike Hyperize Kobe Bryant Olympic Men Black Red Shoes,Womens Sandals Vaneli Lassie Black Patent/Gunmetal Buckle,Comfortable 205603 Nike Kd VIi Men Blue Light Grey Shoes,, argues the report,Shopping 151385 Nike Lunar Macleay Men Grey Black Shoes,Womens Shoes Vaneli Liuba Navy Nappa/Navy Suede/Gold Nailheads,Cheap 184382 Nike Lunarglide 3 Men Black Orange Anthracite 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 Buy 221125 Nike Zoom Kobe VI Women China Metallic Grey Shoes,Nike Woven,Adidas Originals JS Men Coupon_116,, 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 Springblade 2015 Men Coupon_278,Nike Tech Fleece AW77,Christian Louboutin Sale Women Coupon_477,.

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. Giuseppe Zanotti Sale Women Coupon_661,Active Training Graphic Knit Shorts,Jimmy Choo Pumps Women Coupon_825,, 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”. Platforms Jimmy Choo Women Coupon_981,Men's Summer Mod Trefoil Tee,Jimmy Choo Wedges Women Coupon_916,, 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 996 Men Coupon_1328,Nike Tech Woven 2.0,New Balance 996 Women Coupon_1527,.

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About this Special Report

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