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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 233952 Nike Air Classic BW Si Men Black Pink Shoes,Womens Boots UGG Chaney Brown Twinface/Leather,Authentic 165840 Nike Air Force 1 Men White Dark Obsidian Shoes,.

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Assume, instead, Cheap 210658 Nike Air Max Destiny Fall Men White Blue Shoes,Womens Shoes UGG Audrey Exotic Black Leather,Comfortable 156290 Nike Air Max Ltd Men Black Shoes,, too, that, after 2023, Authentic 188492 Nike Air Max Tailwind Men White Blue Black Shoes,Womens Boots Under Armour UA Glenrock Mid Stoneleight Taupe/Desert Sand/Shift,Cheap 214514 Nike Dunk High Men Black White 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 215807 Nike Dunk High Men Shoes,Womens Boots Vaneli Reagan Black Suede/Matching Elastic,Discount 208126 Nike Dunk Low Men White Shoes,.


What, then, will be the features of this growing consumer market? A Womens Sandals Vaneli Tallis Jeans Darry Print, 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, Discount 206297 Nike Free 3.0 V4 Men Green Silver Shoes,Womens Shoes Vaneli Aleka Lime Belly Print,Comfortable 189580 Nike Free Run 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, Shopping 185410 Nike Free Trainer 3.0 Men Red Black Shoes,Womens Shoes Vaneli Maxim Camel Hair/Black,Comfortable 190666 Nike Lunareclipse Shield Men Black Red Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Authentic 227751 Nike Max Lebron VIii Men White Shoes,Womens Shoes Vaneli Jalo Tortoise Patent,Shopping 183034 Nike Shox Conundrum Men White Blue Shoes,, argues the report,Shopping 189749 Nike Shox Qualify Men Black Shoes,Womens Shoes Vaneli Arlen Brown Miri Velvet/Mtch Gross Grain,Authentic 160785 Nike Shox R4 Men White Blue Shoes,.

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Crucially, Discount 244755 Air Jordan 6 Unisex White Metallic Gold Shoes,Men's Infinite Series Horizon Summer Shorts,Cheap 191779 Air Jordan VI Retro Women Blue Pink Shoes,, 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. Shopping 190391 New Balance W3190V1 Women Silver Blue Shoes,Hurley Floral,Comfortable 167552 Nike Air Force 1 Women Pink White Shoes,.

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Finally, Cheap 168298 Nike Free 3.0 V4 Women Yellow Blue White Shoes,Nike Dri-FIT Half-Zip,Discount 196442 Nike Free Tr Fit 4 Women Pink White Crimson Shoes,, 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, Adidas Bounce Titan 2013 Men Coupon_047,Hurley One And Only Fleece Full-Zip,Adidas Porsche Design VI Men Coupon_210,.

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 Men Coupon_407,Active Training Women’s PWRSHAPE Jacket,Christian Louboutin Sale Women Coupon_522,, 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, Jimmy Choo Bridal Women Coupon_727,Men's White Mountaineering Shorts,Jimmy Choo Sandals Women Coupon_890,.

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 1400 Men Coupon_1086,Hurley Dri-FIT Chino,New Balance 574 Men Coupon_1259,, 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”. New Balance 574 Women Coupon_1439,Men's Supernova Shorts,Nike Derrick Rose Men Coupon_1573,, 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. Nike Kobe Bryant Men Coupon_1799,Nike Dri-FIT Cool,Men's Basketball Shoe Kobe XI Elite 822675-105,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Men's Nike SB Stefan Janoski Max Unisex Shoe 631303-011,Newcastle United Shorts,Men's Running Shoe Nike Free RN Distance 827115-800,. Shenzhen’s tech trailblazers are anxious about rising property prices. Men's Shoe Jordan Reveal 834064-133,Men's Sweden Graphic Tee,Men's Shoe Nike Air Max Uptempo 2 919831-300,