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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, Men's - Air Jordan Elements White / Black-Del Sol Shoes,Men's - Jordan II 2 Retro Preschool Black / Infrared 23-Pure Platinum-White ShoesMen's - Air Jordan Courtside Black / Black Shoes,.

Men's - Air Jordan Classic 87 White / Varsity Red - Neutral Grey Shoes,Men's - Jordan Hydro V Retro Black / White-Metallic Silver-Gym Red ShoesMen's - Air Jordan BCT Cool Grey / White-Club Purple Shoes,. 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). Men's - Air Jordan 8.0 White / Varsity Red-Neutral Grey Shoes,Men's - Jordan Hydro IV Black / Metallic Silver-White Vrsty Red ShoesMen's - Air Jordan 23 Classic White/Stealth-Neutral Grey Shoes,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Men's - Air Jordan 1 Retro OG Black / Varsity Royal-Black Shoes,Men's - Jordan Flight TR 97 Mid Metallic Silver / White-Black-Night Stadium ShoesMen's - Air Jordan 1 Mid Gorge Green / Black-Electric Green Shoes,, too, that, after 2023, Men's - Adidas ZX 700 Run White / Navy-Yellow Shoes,Men's - Jordan Flight 45 Preschool White / Black-Fusion Pink ShoesMen's - Adidas Top Ten High White / Navy-Red Shoes,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Men's - Adidas Superstar II DkNavy / Lgtsca / Wht Shoes,Men's - Jordan Flight 45 High Preschool Black / Vivid Pink-White ShoesMen's - Adidas Stan Smith ILace Poppy / Red - Clay Shoes,.


What, then, will be the features of this growing consumer market? A Men's - Jordan 6 Rings Preschool Blck / Vrsty Rd-Drk Cncrd-Clssc 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, Men's - Adidas Samoa Black / Run White-Vivid Blue Shoes,Men's - Jordan 1 Mid Flex Toddler Ion Pink / Black-Gym Red-White ShoesMen's - Adidas Randall Lo Black / White-Iron Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Men's - Adidas Nizza High TF Lead / Black / White Shoes,Men's - Gourmet The 35 Black / White ShoesMen's - Adidas Jeremy Scott Mesh Wings 2.0 Yellow / Silver-White Shoes,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Men's - Adidas Gazelle 2 True Blue / Turqe-Run White Shoes,Men's - Gourmet Sedici Leather Black / Black ShoesMen's - Adidas Dragon Dark Green / White Shoes,, argues the report,Men's - Adidas Clima Ride Trail Intense Blue / Metallic Silver / Sharp Grey Shoes,Men's - Gourmet Nove Black / White ShoesMen's - Adidas Bucktown ST Alititu / LBone / Dkindi Shoes,.

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Men's - Adidas Adicourt Stripes Grey / Run White Shoes,Men's - Girls Air Jordan 1 Retro High Boys' Black / Red Plum-White ShoesMen Hot Sale Best Brand Jersey Reebok Baltimore Ravens Limit Offer Camouflage Camouflage Premier Easy Sport Customized,. 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. Men Adidas ZX Flux Winter & Core Blue,Men's - Generic Surplus Mohawk Suede Ginger ShoesMen Adidas Top Ten Hi Winterized & Core Brown,.

Crucially, Men Adidas Speed Trainer 2.0 & Core White,Men's - Generic Surplus Argus Boot Canvas Black ShoesMen Adidas messi15.2 Firm/Artificial Ground & Core White,, 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. Men Adidas Crazyquick 2.0 High & Core Black,Men's - DC Life Collection Cadet Chukka True Red ShoesMen Adidas AX2 & Core Grey,.

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Finally, Magnanni Black Gaspar AJJ923685,Men's - Creative Recreation Solano Black/ Brown ShoesLucky Brand Blue Multi Novelty Stripe Jogger Pant YBH720785,, 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, Loafers Men Fabro Leather Penny Loafers Burgundy Online Sale,Men's - Creative Recreation Profaci Black Ballistic ShoesLoafers & Slip-Ons Men Sperry Top-Sider Halyard Palm Tree Print Slip-On Sneaker Black/Grey Shop For,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Loafers & Slip-Ons Men Polo Ralph Lauren Trentham Slip-On Sneaker Brown Outlet On Sale,Men's - Creative Recreation Luchese Charcoal Grey / Blue ShoesLoafers & Slip-Ons Men Khombu Tamarack Snow Runner Slip-On Grey Newest,, 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, Loafers & Slip-Ons Men Dockers Society Work Slip-On Black Favorite,Men's - Creative Recreation Lacava Black Ballistic ShoesLoafers & Slip-Ons Men Bostonian Mendon Slip-On Black New Arrival Cheap,.

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. Limit Offer Luxurious Comfort MLB Personalized custom 3D watermark version Jerseys,Men's - Creative Recreation Galow Hi Wo Grape / Salmon / Military Stripes ShoesLebron James Nike Zoom Solider 9 Ix Air Bottom Black Red Wholesale,, 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”. Latest Yourturn Elegant High Top Trainers White for Men On Sale,Men's - Creative Recreation Dicoco Black / Red ShoesLatest Puma Fashionable 1948 Mid High Top Trainers Peacoat/White for Men Online Sale,, 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. Latest Marc Jacobs Fashion Trainers Petrol for Men Sale,Men's - Creative Recreation Cicero Forest Chocolate / Military ShoesLatest Etnies Gorgeous Jameson Trainers Dark Brown for Men,.

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About this Special Report

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