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What, then, will be the features of this growing consumer market? A Womens Shoes Anne Klein Vilko Black/Black Fabric, delineates its main drivers and the challenges these are likely to create.
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, Nike Legend Zen V-Neck,Womens Shoes Badgley Mischka Lavender Platino Metallic Suede,Men's Essentials Shorts,.
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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 Authentic 158207 Air Jordan 11 Bred Men Black White Red Shoes,Womens Boots Clarks Marquette Wish Taupe Leather,Inexpensive 151810 Air Jordan Spizike Men Black Blue White 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, Comfortable 174093 Jordan Aj Men Black Blue Shoes,Womens Sandals Clarks Amelia Joyce White Floral,Comfortable 230050 New Balance Mc1005 Men White 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.
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