China began to shift from an industrial-led society to a consumer-led society in 2007 and this continues.

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Fashion has become the motor of our consumer-driven society.

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I'm you know, in an extremely consumer-driven society.

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And they will do quite well for at least another decade or two, living off mainstream industries such as autos, consumer electronics, semiconductors and other capital goods as they make a transition to a more investor and consumer-friendly society.

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That mission is to turn China into a consumer society, rather than an export-driven one.

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