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Womens Shoes GUESS Eloy Black/Silver Lace,Ellesse Lazzaro Technical Parka Jacket CP1369,Womens Shoes GUESS Eloy Snake Synthetic,, rapidly growing, but challenging, consumer market as it evolves from being the “workshop of the world”.

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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 WW847 White/Blue,The North Face La Paz Hooded Jacket CP1528,Womens Shoes New Balance RC1400v3 Pink/Yellow,.

Womens Shoes New Balance Classics WL574 Grey/Purple Suede/Mesh,Jack & Jones Brody Button Knit CP1825,Womens Shoes Nike Dual Fusion Trail Wolf Grey/Anthracite/Black/Pink Pow,. The corresponding figures for the US are 13 per cent and 2 per cent. Thereafter their growth is forecast at 8 and 4 per cent respectively, in nominal terms (or 5 and 2 per cent in real terms). Womens Shoes Nike Zoom Fit Dark Grey/Vivd Purple/Hyper Orange,Asylum Canyon Rip Short CP2082,Womens Boots PATRIZIA Insightful Dark Brown,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Womens Shoes PATRIZIA Adalie Black,Publish Brooks Short CP2199,Womens Shoes PUMA Pulse FLEX XT Fiery Coral,, too, that, after 2023, Womens Shoes Reebok Speed Rise Black/White/Reebok Royal/Silver,UCLA Piped Swim Short CP2346,Womens Sandals Rocket Dog Ginnie Melon Summer Crush Band,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Womens Shoes Rocket Dog Acosta White Mariposa,Ellesse Fonda Poly Track Top CP3567,Womens Sandals Sam Edelman Demi Black Talco Kid Leather,.

What, then, will be the features of this growing consumer market? A Timberland 6 Inch Premium Woven Collar Boot CP3784, 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 Sam Edelman Ocie Black Modena Calf Leather/Kid Suede Leather,Birkenstock Arizona Sandal CP3821,Womens Shoes Saucony Originals Jazz Low Pro Grey/Purple 1,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Womens Boots Timberland 6" Premium Pull-On Waterproof Boot Wheat Rugged,adidas Originals Superstar II Trainer CP3949,Womens Boots UGG Kisses Mini Moonstone Hearts Suede,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Womens Boots UGG Classic Tall Tasman Brownstone,adidas Originals ZX Flux Slip On Trainer CP4036,Womens Sandals UGG Lyndi Navy Leather,, argues the report,Womens Boots Vaneli Jara Tmoro Nival Suede/Mtch Elastic,adidas Originals Samba Trainers CP4073,Womens Sandals Vaneli Ismar Black Nubia/Match Zip,.

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Womens Shoes Vaneli Molly Red Miniliz/Mtch Elastic,Asics Gel Saga Trainer CP4210,Womens Shoes Vaneli Louise Red Suede,. 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. Women's Running Three-Quarter Tights,Converse Star Player Wax Tech Ox Trainer CP4281,Nike Tech Fleece Dress,.

Crucially, BMW Motorsport Full Zip Hoodie,Creative Recreation Adonis Mid Trainer CP4378,Men's All-Over-Print Mod Cut Camo Windbreaker,, 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. Golf Polo,Gourmet Netto Trainer CP4466,Nike Element Half-Zip,.

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Finally, Nike AW77 Lightweight Solstice Crew,Nike Zoom Stefan Janoski Canvas Trainer CP4654,Men's Aeroknit Tee,, 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, ,Nike Zoom Stefan Janoski Leather Trainer CP4722,Wholesale Trade Converse Classic All Star Hi-Top Azure Canvas Shoes k5oUlida,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Authentic 89mhq xs8ygd Cheap Nike Air Max 90 Womens Flower Shoes,Nike Paul Rodriguez 9 R/R Trainer CP4841,Authentic qmhcq mc7r25 August Deals Nike Blazer Womens,, 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 4v5e4 5b2p9w August Deals Nike Air Max 95 Womens,Ralph Lauren Polo Harvey Leather Trainer CP4963,Buy mk3vu wsppph August Deals Nike Air Max 90 Womens Black,.

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 8n3u2 qrb28g August Deals ZX Flux Mens,Vans Authentic Trainer CP5062,Cheap q63ad geb75n August Deals Superstar Womens,, 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 2fcq8 5izr8p August Deals Nike Air Max 1 Womens,Y3 Sprint Trainer CP5131,Discount rtt4n ge3458 August Deals Yeezy 350 Boost Mens,, 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 b76pp mkbqy6 August Deals Nike Air Max 90 Mens,adidas Originals Womens Superstar Up Trainer CP5260,Online vmuvg ga4kux August Deals Yeezy 350 Boost Womens,.

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About this Special Report

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