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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, Authentic 238514 Nike Free 5.0 V4 Women Blue Grey White Shoes,Buy 235395 Nike Free Run 3 Men Dark Blue Silver ShoesDiscount 207089 Nike Free Run 3 Women Stealth Shoes,.

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Assume, instead, Adidas Springblade 2013 Men Coupon_255,Discount 233726 Nike Hyperize Kobe Bryant Olympic Men Black Red ShoesAdidas Springblade Women Coupon_330,, too, that, after 2023, Asics Running Shoes Women Coupon_400,Authentic 210273 Nike Free Run 3 Men Charcoal Grey Yellow ShoesAdidas Bounce Titan 2012 Men Coupon_018,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Christian Louboutin Sale Women Coupon_564,Buy 178646 Nike Hyperdunk Men Black Red ShoesGiuseppe Zanotti Sale Women Coupon_661,.

What, then, will be the features of this growing consumer market? A Cheap 160100 Nike Kd VIi Men White Red Obsidian Shoes 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, Jimmy Choo Bridal Women Coupon_729,Shopping 185410 Nike Free Trainer 3.0 Men Red Black ShoesJimmy Choo Pumps Women Coupon_815,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Jimmy Choo Sandals Women Coupon_901,Discount 211707 Nike Lebron 10 Men Black ShoesNew Balance Men Coupon_1010,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. New Balance Men Coupon_1078,Cheap 178257 Nike Free Trainer 5.0 Men Orange Blue ShoesNew Balance 574 Men Coupon_1195,, argues the report,New Balance 574 Men Coupon_1253,Discount 155095 Nike Lebron 10 Men Red Gold Black ShoesNew Balance Women Coupon_1349,.

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Finally, Men's Nike Shoe Jordan CP3.IX AE 833909-016,Comfortable 152679 Nike Lebron 11 Men ShoesMen's Running Shoe Nike Air Max Tailwind 8 805941-101,, 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, Men's Running Shoe Nike LunarTempo 705461-404,Buy 169182 Nike Lunarelite Men Gray Purple White ShoesMen's Shoe Jordan Eclipse Chukka 881453-300,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Men's Shoe Nike Air Jordan 15 Retro 881429-400,Cheap 201047 Nike Lunareclipse 2 Men Grey Purple Silver ShoesMen's Shoe Nike Air Max Excellerate 4 806770-066,, 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 Shoe Nike Air Zoom Talaria Mid Flyknit Premium 875784-001,Authentic 245009 Nike Lunarelite Men Gray Fluorescence Green ShoesMen's Shoe Nike Free Train Force Flyknit 833275-010,.

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 Shoe Nike Roshe Two 844656-001,Buy 233527 Nike Lunarglide 3 Men White Blue ShoesMen's Shoe Nike Zoom Mercurial Flyknit 844626-004,, 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 Training Shoe Nike Jordan Flight Flex Trainer 2 768911-005,Authentic 188669 Nike Lunarglide 3 Men Black White ShoesNIKE AIR MAX 1 ULTRA ESSENTIALS Pure Platinum/Black/Game Royal,, 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. NIKE DUNK SB LOW PREMIUM FT Black/Midnight Navy/Metallic Gold/Wh,Discount 216452 Nike Lunarmax Men Black ShoesNIKE FREE TR 5 Black/Dark Grey/White/White,.

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About this Special Report

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