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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, Cheap Nike Air Maxs 2017 Black Dark Grey,Air Jordan 13 Retros Mens Black Red White,Cheap Nike Air Presto Flyknit Ultra White Royal Blue Black i,.

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Assume, instead, Cheap Nike Foamposite One Pink Black,Air Jordan 4 Retro Camo Army Green,Cheap Nike Free 5.0 2014 Orange Grass Green White,, too, that, after 2023, Cheap Nike Free RN Flyknit Pink Black White,Air Jordan 4 Retro Leopard Grey,Cheap Nike Hyperdunk2017 FLYKNIT High China Red Black,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Cheap Nike KD 7 Dark Blue,Air Jordan 4 RetroBlack Cat Light Graphite,Cheap Nike KD VII 7 Yellow Green White Orange,.

What, then, will be the features of this growing consumer market? A Air Jordan 5 Retro White Black Red, 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 Kevin Durant X PS Elite Navy Blue Colorful,Air Jordan 6 mens blue white,Cheap Nike Kobe 11 Black White Grey,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Cheap Nike Kobe A.D Red Black Purple,Air Jordan 6 Sky Black Blue Grey White On Sale,Cheap Nike Kyrie 3 White Blue Black,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Cheap Nike Kyrie Irving 3 2017 New Arrival White Blue Black,Air Jordan 9 mens grey white,Cheap Nike Kyrie Irving 4 White Rainbow,, argues the report,Cheap Nike Lebron 13 Low Blue Orange Black,Air Jordan 9 Retro Steel Grey White,Cheap Nike Lebron Soldier 10 X Gold White,.

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Finally, Cheap NikeLab WMSN VaporMax 2018 Pink Grey,Air Jordans Cheap Nike Air Jordan 32 Grey Red Black,Cheap Sale Nike Air Huarache Mens Running All White,, 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, Cheap Stussy X Nike Air Max 95 Essential Mens Shoe White Blue,Air Max 90 Mens Cheap Nike Air Max White Black,Grey Black Red Air Jordan 10 Cheap,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Jordan Brand The Air Jordan 32 White Orange Black Green Cheap Sale,Air Maxs Cheap Nike Air Max 90 HYP PRM Deep Blue Grey White Orange,Jordans For Cheap Nike Air Jordan 32 University 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, Kyrie Irving 3 Cheap Nike Kyrie 3 White China Red Grey,Air Maxs Cheap NikeLab Air Max 270 Deep Blue White,Nike Air 270 Cheap Nike Air Max 270 Black Navy Blue,.

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. Nike Air Max 90 Hyperfuse Carbon gray fluorescence e,Air Maxs Nike Cheap Nike Air Max 97 Ultra Adorns New Design,Nike Air Max Mercurial R9 Grey Blue Wine Red,, 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”. Nike Free 4.0 V2 Mens Running Shoe Dark Blue Red,All Orange Red Black Air Max 2015 Mens Shoes,Nike Free Run 2 Mens Running Shoe Purple Orange Black,, 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 KD 7 Custom Yellow fluorescent green blue,Best Mens Nike Roshe Run Anti Fur 3M Reflective Grey White,Nike kobe 9 EM Gorge Green Barons infrared legend BHM,.

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About this Special Report

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