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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, Womens Shoes New Balance WC1005 Grey/Pink,Foray Aim Technical Jacket CP1375,Womens Shoes New Balance X20v4 - Training White/Pink,.

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Assume, instead, Womens Shoes PATRIZIA Angus Beige,Hype Solid Cable Knit Jumper CP1817,Womens Shoes PUMA Pulse XT v2 Core Purple Cactus Flower/Periscope/White/Zinnia,, too, that, after 2023, Womens Boots Rocket Dog Birmingham Espresso Denver,Jack & Jones Rick Original AT979 Denim Short CP2154,Womens Shoes Rocket Dog Jiggy Burgundy Trails,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Boots Sam Edelman Tilden Mocha Latte Oily Velour Suede,UCLA Stencil Fleece Short CP2211,Womens Shoes Sam Edelman Addie Black,.


What, then, will be the features of this growing consumer market? A Sik Silk Retro Swim Short CP2342, 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, Womens Shoes Saucony Showdown White/Purple/Citron,EA7 Core ID Cotton Tracksuit CP3600,Womens Shoes Superga 2750 Metcrocw Rose Gold,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Boots UGG Bailey Button Triplet Black Sheepskin,Timberland Splitrock 2 Boot CP3780,Womens Boots UGG Oregon Stout Twinface/Leather,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Boots UGG Collection Allesia Black Leather,Drome Neoprene Penny Loafer CP3907,Womens Slippers UGG Scuffette Liberty Blush Floral,, argues the report,Womens Sandals Vaneli Miriam Black,adidas Originals Superstar East River Rivalry Trainer CP3986,Womens Shoes Vaneli FC-313 Black Suede/Brown Print,.

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Womens Shoes Vaneli Sidony Black Suede/Black Loto Patent,adidas Originals Los Angeles Trainer CP4095,Womens Shoes Vaneli Rodina Bark Dream Calf,. Hema, for example, is a start-up, backed by the Alibaba Group. As I witnessed during a recent visit to Alibaba’s headquarters in Hangzhou, a Hema store is a mixture of supermarket, restaurant, distribution centre and online store. Hurley Diamond Cut Women's Bikini Bottom,adidas Originals Hamburg Trainer CP4144,TW Kimono Heather Mesh,.

Crucially, Red Bull Racing Team Rain Jacket,Asics Gel-Lyte III 'Cosmos Pack' Trainer CP4224,Women's Regista Cycling Shorts,, 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. Nike AeroReact,Creative Recreation Cesario Lo XVI Snake Trainer CP4333,Running Women’s Shorts,.

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Finally, NikeCourt Premier RF,Lacoste Bayliss Vulcanised Premium Trainer CP4530,Youth Daybreaker Hoodie,, 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, Various Sizes Nike Free 5.0 V4 2012 Womens Running Shoes vLPPxIQn,Nike Roshe Run Print Trainer CP4660,Authentic 3t63i iszq33 August Deals Nike Blazer Low Mens,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic ec3u9 fgmzwq August Deals Nike Air Max 1 Womens,Nike LeBron XII 'USA' Trainer CP4750,Buy 5hfx5 7benit August Deals Nike Air Max 90 Womens Black,, 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, Buy h68m4 fcepig August Deals Nike Air Max 90 Mens Black,Nike Koth Ultra Mid Trainer CP4858,Cheap 4tt8b feiybr August Deals Superstar Womens,.

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 ip625 68drnp August Deals Nike Air Max 1 Womens,Ralph Lauren Polo Klinger NE Trainer CP4934,Discount 64sk8 cdimtk August Deals Superstar Mens,, 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”. Discount np5ys 7gmgge August Deals Nike Air Presto Womens,Vans Authentic Trainer CP5062,Online 89gqu vq8nhi August Deals NMD Womens,, 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. Online pwrwm tpyi42 August Deals Nike Air Max 1 Womens,Y3 Boost QR Trainer CP5132,Outlet b5mm4 tvdtwy August Deals Nike Air Huarache Womens,.

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About this Special Report

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