This is Part I of a Two-Part Asia Special.

It takes a different reasoning to make it big in China. Anincreasingly restrictive view of incoming capital, rapid growth ofsecond tier (but more remote) cities, a thriving and growingeconomic base and a still uncertain view of how--if at all--thesubprime mess will stir the Asian stew all combine to create amixed bag indeed for outsiders mulling over a trip to Beijing orShenzen. Michael Thompson has been riding the shifting, growing,globalizing waves of the Asian real estate market for Cushman &Wakefield for 10 years now, the last six as CEO. Thompson took sometime from the networking of Mipim Asia last month to talk withGlobeSt.com about those shifting forces, and shared his thoughts onhow global investing will change in the months ahead.

GlobeSt.com: It's been said that the subprime mess isbeing felt in Asia but not so severely. Do you buy that?

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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.