(Read more on the debt and equitymarkets.)
HONG KONG-The subprime meltdown is having its evil way with theAsian markets as well, but the impact is minimal and causes no realreason for furrowed brows. That is the upshot of a briefing held byCB Richard Ellis on the eve of Mipim Asia, being held here.
"In 1997 or '98 the financial markets were not as resilient,"stated Asia Pacific chairman and CEO Rob Blain. Today, the marketsare "much more structured." With that as preamble, Blain andGreater China president and CEO Chris Brooke broke the Asianmarkets down into three segments: India, Japan and China, reportingessentially good news in all three.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
