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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 240438 Asics Gel Cumulus 14 Men White Green Shoes,Womens Shoes Vaneli Sigrid Coral Quilted Glam Nappa/Coral Glam Nappa,Buy 189440 Jordan Fly Wade 1 Men Black Grey Green Shoes,.

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What, then, will be the features of this growing consumer market? A Unisex Shoes Vans Brigata Port Royale/True White, 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 171509 Nike Air Max Wavy Men Black Blue Shoes,Men's D Rose Burn-out Hoodie,Comfortable 151609 Nike Custom Dunk High Men Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Comfortable 159635 Nike Dunk High Men Shoes,Hurley Sunset Palms Strap,Comfortable 185373 Nike Dunk Low Men Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Inexpensive 205490 Nike Free 3.0 V4 Men Red White Gray Shoes,Nike Cover-Ups Hydro Current,Authentic 150162 Nike Free 6.0 Men Gray White Black Shoes,, argues the report,Shopping 178126 Nike Free Trainer 5.0 Men Grey Light Blue Grey Shoes,Nike Lightweight 2.0,Inexpensive 228246 Nike Lebron 10 Men Red White 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 171955 Nike Air Max 90 Women Yellow Shoes,Women's Supernova Storm Jacket,Shopping 205744 Nike Dunk High Women White Chocolate Pink 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, Discount 156838 Nike Free 5.0 V4 Women Gray Green Shoes,Trainer Boxer Shorts 2 Pack,Buy 223186 Nike Lunarglide 3 Women Grey Midnight Pink Granite Shoes,.

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. Cheap 171536 Nike Free 3.0 V4 Women Black Green Shoes,Sway Boxer Shorts 2 Pack,Adidas Springblade 2013 Men Coupon_233,, 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”. Asics Running Shoes Women Coupon_399,Men's Tiro 15 Training Jacket,Christian Louboutin Sale Women Coupon_543,, 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. Jimmy Choo Bridal Women Coupon_736,Nike Pro Classic Padded,Jimmy Choo Sandals Women Coupon_897,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, New Balance 574 Men Coupon_1172,Nike Hydro,New Balance 996 Men Coupon_1321,. Shenzhen’s tech trailblazers are anxious about rising property prices. New Balance 998 Women Coupon_1541,Hurley Sig Zane Dri-FIT,Nike Kevin Durant Men Coupon_1735,