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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, 2016- Material Well Mens Adidas Outdoor Daroga 11 Two CC Shoes Leather Brown White Youth,Authentic & Low Price Nike Lunartempo Pink Item:200638,2016- Retro Mens Converse one star shoes brown gold Delicate Colors,.

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What, then, will be the features of this growing consumer market? A Authentic & Low Price Nike Vapor Court White Item:200716, 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, Cheap Nike Free Mens 5.0+ Volt/Summit White/Barely Volt/Dark Base Grey Running Shoes OutletReduce Jo,Authentic & Low Price Puma Axis Iv Xt Dp Black Item:200775,adidas Ultraboost Men Blue,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, adidas Originals ZX 700 Men Grey,Authentic & Low Price Nike Zoom Vomero 9 Blue Item:200746,Converse CONS Star Player Men White,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Nike Sportswear Air Max 90 Ultra 2.0 BR Men Black,Authentic & Low Price Puma Crossfox Xcs V2 Grey Item:200792,Nike Sportswear Presto Fly Men White,, argues the report,ASICS Tiger GEL-Kayano Trainer Evo Men Black,Authentic & Low Price Puma Evopower 1.2 Fg White Item:200814,Men's Nike Team Issue (NFL Vikings) - Polo ST812897f,.

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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 Men's Nike Hyper Elite Knit - Basketball Tank Top LF198335c,Authentic & Low Price Reebok Country Ride 2.0 Lp Navy Blue Item:201046,Men's NFL Tampa Bay Buccaneers Game Jersey (Doug Martin) - Football Jersey FR606751q,, 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, Men's Nike Alpha Fly Rush (NFL Steelers) - Jacket TC179062w,Authentic & Low Price Reebok Dream Runner Lp Black Item:201052,Men's NFL Baltimore Ravens Limited Jersey (Joe Flacco) - Football Jersey UP27895q,.

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. Men's Nike Pro Hyperstrong 3/4 - Football Pants GT121322r,Authentic & Low Price Reebok Electro Run Lp Black Item:201067,Men's Jordan Trainer ST - Golf Shoe UX577272t,, 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”. Men's Nike LunarTempo 2 Print - Running Shoe HJ309738q,Authentic & Low Price Reebok Fuel Motion Lp White Item:201083,Men's Nike Train Ultrafast Flyknit - Training Shoe CW539953j,, 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. Men's Nike Flyknit Chukka - Golf Shoe IS838733m,Authentic & Low Price Reebok R Crossfit Nanossage Bng Olive Item:201122,Men's Nike Zoom Mamba 3 - Distance Spike GU948635u,.

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About this Special Report

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