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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, Newest Paul George Shoes Light Blue White,Authentic Lebron James 11 Low Black Black-Hyper Crimson-Hyper Cobalt 642849-078Official Nike Hyperdunk 2012 Low Vivid Sulfur Black Electric Yellow 554671 700,.
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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 Shop Cheap adidas D Lillard 3 Midnight Navy Blue Gold White,Authentic Real Nike Kobe A.D. CheetahShop Cheap adidas D Rose 7 White Black-Red,, 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, Shop Nike Zoom Lebron Soldier 6 Black Grey Yellow 525017 101,Authentic Real Nike Kobe A.D. NXT University Red WhiteTerrell Owens Authentic Real Kobe 9 Elite Yellow PE,.
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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