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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, Adidas Sl Loop Moc Casual Shoes Men Black/White/Grey,Nike Air Foamposite One top Sale USA Obsidian/University Red-Metallic Gold-White,Adidas Zx Flux Casual Shoes Men Black,.

New Balance 574 Casual Shoes Men Navy,Nike Air Max 1 Ultra Moire Shoe Camo Desert/Green,Nike Lunarestoa 2 Essential Casual Shoes Men Black/Dark Grey,. 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). Polo Ralph Lauren Faxon Low Casual Shoes Men Light Green,Nike Air Max 90 Authentic Shoe Deep Blue/Black-Grey,Puma Carson Runner Mid Herring Casual Shoes Men Grey/Black/White,, and its aggregate consumption would reach 74 per cent of US levels by 2027. (See charts above).

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Assume, instead, Reebok Exofit Low Winter Casual Shoes Men Brown/Dark Brown,Nike Air Max 90 Authentic Shoe Navy/Wine Red,Nike Air Jordan Future Low Off Court Shoes Men Black/Red/White,, too, that, after 2023, Nike Air Max 2015 Running Shoes Men Light Red/Black/White,Nike Air Max 90 Authentic Shoe Royal Blue/Grey-Red,Nike Air Max 90 Ultra Essential Running Shoes Men Black/Green/White,. Then China’s aggregate consumption will still reach 55 per cent of US levels by 2027. Even under these considerably less favourable assumptions, Nike Air Max Tavas Running Shoes Men Grey/White/Grey/White,Nike Air Max 90 Authentic Shoe White/Brown Gum,Nike Free 4.0 V5 Running Shoes Men Grey/White/Black,.


What, then, will be the features of this growing consumer market? A Nike Air More Uptempo OLYMPIC Mens, 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, Reebok Speed Rise Running Shoes Men Black/White/Silver,Nike Air VaporMax Running Shoe KPU White/Sky Blue,Under Armour Speedform Apollo Graphic Running Shoes Men Blue/Black/Yellow,.

China’s astonishingly dynamic “sharing economy” — already visible in the booming market for shared bicycles and cars for hire — will expand further, Under Armour Micro G Training Shoes Men Black/White/Red,Nike Hyperdunk 2016 Flyknit Oreo,Jordan AJ IV Cookies And Cream 705259-010 Black/White,.

As elsewhere in the world, Chinese consumers will also increasingly demand and obtain personalised goods and services. Jordan Fleece 642453-222 Medium Olive/Medium Olive Heather/Medium Olive,Nike Hyperdunk 2017 All Black,Jordan Stay Cool Compression Sleeveless 642354-010 Black/Cool Grey/Black,, argues the report,LeBron DNA Elite 641163-413 Light Blue Lacquer/Light Blue Lacquer/Black/Pink Pow,Nike KD 10 For Cheap University Red/Black,NFL Buffalo Bills Game Jersey (C.J. Spiller) 468945-421 Old Royal,.

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NFL Detroit Lions Limited Jersey (Matthew Stafford) 468921-486 Battle Blue/Stafford,Nike KD 7 "Raptors" Hyper Punch/Hyper Grape,NFL Minnesota Vikings Game Jersey (Greg Jennings) 599984-109 White/Court Purple/Gold,. 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. NFL San Diego Chargers Game Jersey (Philip Rivers) 479429-482 Italy Blue/White,Nike KD 7 EXT FLORAL Midnight Navy/Black-Hazelnut,NFL Washington Redskins Elite Jersey (Robert Griffin) 479135-105 White/Team Red,.

Crucially, Nike 5" Distance 642804-644 Dark Fireberry/Classic Charcoal,Nike KD 8 Black/University Red-Tour Yellow,Nike 9" Court Graphic 645053-856 Bright Mandarin/Classic Charcoal/White/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. Nike Air Pivot 646243-063 Dark Grey Heather/Black,Nike Kobe 10 Dark Gray/Bright Crimson-Black,Nike Cascade 700 Down 541464-010 Black/Black/Black,.

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Finally, Nike Diamond Quest Pro Combat Hypercool 3.0 (Florida State) 00032366X-FS1 Maroon,Nike Kobe 11 Elite Low 4KB "Pale Horse",Nike Dri-FIT Knit Novelty Crew 619953-480 Game Royal,, 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, Nike Dri-FIT Touch Long-Sleeve 620636-063 Dark Grey Heather/Dark Grey Heather/Dark Grey,Nike Kobe 12 Wine Red Gold,Nike Elite Stripe 545477-671 Bright Crimson/Bright Crimson/Bright Crimson,.

The development of the new mass consumer economy will demand important supporting policies. These will include upgrading of skills, spreading benefits of Nike Filament 519984-493 Team Royal/Team White,Nike Kobe 8 "Christmas",Nike Graphic Lightweight Woven 645277-010 Black/Black/Volt/White,, 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, Nike Hyperspeed Fleece Full-Zip 669977-496 Blue Force/Blue Force/Light Blue Lacquer/Light Blue Lacquer,Nike Kobe A.D. Volt/Black,Nike KO Chain Fleece (NFL Bengals) 597459-010 Black/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. Nike KO Warp Full-Zip (NFL Packers) 606731-323 Fir/University Gold/University Gold,Nike Kyrie 1 Volt/Blue-Grey Shop for best Irvings Shoe,Nike Legend Team Issue (MLB Cubs) 00030462X-CB2 White,, 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 Platinum (NFL Seahawks) 606071-060 Anthracite/Dark Grey Heather,Nike Kyrie 2 Red/Yellow-White-Black,Nike Practice (Syracuse) 00030314X-SY1 College Navy,, 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 Pro Combat Core Compression 3/4 586918-017 Black/Volt,Nike Kyrie 3 USA White Red Blue Top Sale,Nike Pro Combat Hyperstrong Compression Elite Sleeveless 618975-100 White/White/Volt/Volt,.

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About this Special Report

As President Trump seeks to cut the US trade deficit with China, Nike Air Flight 89 Black Metallic Bronze (306252-025),Nike LeBron 14 Low Triple Black For Cheap,Nike Air Force 1 Low 07 Medium Grey White,. Shenzhen’s tech trailblazers are anxious about rising property prices. Nike Air Jordan 1 Mid Gym Red Dark Sea,Nike PG 2 Top Sale University Red Gold,Nike Air Jordan 6 VI Retro Maroon Off White,