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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, SUPREME X Retail NIKE AIR MAX 98 OBSIDIAN NAVY BLUE SILVER - 844694 400,Original Designed Basketball Shoes - Mens Nike KD Trey 5 III Univ Red/Black/Bright Crimson/Met Silver,Top Quality NIKE DUNK LOW PRO SB DENIM 304292-441 Mens Shoes,.

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Assume, instead, adidas Team Speed Practice Shorts - Men's - Dark Grey Heather Solid Grey 6RR3640 - Basketball - Clothing,Outlet Factory Casual Shoes - Mens Under Armour Flow RN Grid Steel/White/Black,Anthracite Men's - Running - Brooks Revel - Shoes - White Black 5XP10140,, too, that, after 2023, Basketball - adidas Cross-Up Full Zip Hoodie - Men's - Clothing - Chalk White Black 2GG6719,Outlet Factory Sandals Shoes - Mens Nike Benassi JDI Slide Game Royal/Black/Total Orange,Basketball - Clothing - White Black 8BX949 - Under Armour SC30 Pick N Roll 11" Shorts - Curry Stephen - Men's,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Basketball - Gym Red White 8WL6577 - Jordan Flow - Shoes - Men's Black,Outlet On Sale Basketball Shoes - Mens adidas Originals Superstar Bright Yellow,Basketball - Men's - Clothing - adidas Heathered Tank - Grey Black 9XA8177,.

What, then, will be the features of this growing consumer market? A Outlet On Sale Basketball Shoes - Mens Jordan New School Black/White/Black, 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, Basketball - Men's - Shoes - Jordan Franchise - Gym Red Black 0YY3842,Outlet On Sale Running Shoes - Mens K-Swiss SI-18 Trainer 2 SDE Charcoal/Red/Classic Blue,Basketball - Navy 0FV7757 - Men's - Converse Chuck Taylor II Ox - Shoes,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Basketball - Under Armour 9" Team Shorts - Men's - Clothing - Steel Black 1RP1338,Outlet Online Basketball Shoes - Mens Nike Zoom Hyperquickness 2015 University Blue/Metallic Silver/Ice Blue,Black Basketball - Armory Navy White 5DU2478 - Jordan Classic AJ Blockout Shorts - Clothing - Men's,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Black Casual - Men's - Clothing - Under Armour Subsurface Windbreaker - Black Steel 0QS11433,Outlet Online Basketball Shoes - Mens Jordan Retro 1 '94 Anthracite/Gym Red/Black/Team Red,Black Jordan AJ Extended AOP Top - Men's - Cool Grey Gym Red 9GO7800 - Basketball - Clothing,, argues the report,Black Men's - Clothing - Basketball - Nike LeBron Showtime F White 4XF8671 Z Hoodie - James LeBron - Anthracite,Outlet Online Running Shoes - Mens adidas Springblade Drive Black/Onix/Metallic Silver,Black Nike AW77 Shoebox Cuff Pants - Casual - Men's - Cool Grey Heather 4OU7837 - Clothing,.

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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 Clothing - Men's - Black Black 6BM9255 - Jordan Ele Print Shorts - Basketball,Popular Casual Shoes - Mens adidas Originals Superstar 2 Light Scarlet/Black/Vivid Yellow,Clothing - Men's - Jordan New Varsity Full Zip Fleece Hoodie - Basketball - Black Gym Red 4PB2654,, 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, Clothing - Men's - Nike KD 3 Black 6XA747 - Basketball 4 Sleeve MVP Top - Durant Kevin - Black,Popularity Basketball Shoes - Mens Nike LeBron 12 Elite James LeBron,Clothing - Men's - Track Red Heather 0MW4015 - Nike Dri-FIT Leave Nothing Tank - Training White,.

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. Clothing - Nike Advance 15 Knit Jogger - Men's - Palm Green 3OZ7428 - Casual,Popularity Casual Shoes - Mens Jordan V.5 Grown Low Black/White,Clothing - Nike International Windrunner Jacket - Men's - Squadron Blue 0VW2891 - Casual,, 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”. Clothing - Nike Tech Fleece Camo Pants - Men's - Game Royal Black 6QW5247 - Casual Black Deep Royal Blue,Pretty Nice Basketball Shoes - Mens Nike Air Force 1 Low Black/Black,Clothing - Training - Men's - Nike Legend Swoosh Chest Dash Tee - Charcoal Heather Black 9QM3487,, 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. Converse All Star Ox - Basketball - Malted Pale Putty 1EC3198 - Shoes - Men's Engine Smoke,Pretty Nice Running Shoes - Mens Nike Free 5.0 Volt/Photo Blue/White/Hyper Crimson,Core Black Soccer - Solar Green Core Green 3IM11306 - Men's - adidas X 16+ PureChaos FG - Shoes,.

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About this Special Report

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