Experts point to China and India as markets on rise.Global investors and multinational corporations
That was the consensus of opinion at "The Great Debate: India versus China," a Cushman & Wakefield Real Estate Forum at the Rainbow Room For the Los Angeles nightclub, see Rainbow Bar and Grill. The Rainbow Room is a well-known upscale restaurant and nightclub on the sixty-fifth floor of the GE Building in Rockefeller Center, Midtown Manhattan, New York City. at Rockefeller Center Rockefeller Center, complex of buildings in central Manhattan, New York City, between 48th and 51st streets and Fifth Ave. and the Ave. of the Americas (Sixth Ave.). The project was sponsored by John D. Rockefeller, Jr. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . In his opening remarks, Bruce Mosler, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Cushman & Wakefield, said, "With cap rates and yields compressing in the U.S. real estate investment market, we will see an increase in capital flow to China and India in the coming years." He added that these markets are becoming more attractive to investors and multinational companies as much for their intellectual capital as for their low labor costs. Richard Middleton Notable individuals named Richard Middleton:
Sanjay Verma, joint managing director, Cushman & Wakefield India, spoke of India's ad vantages as an English-speaking nation, and its highly educated workforce. When asked what kinds of activities will be offshored to China and India, the debaters indicated that China leads for manufacturing and assembly, while India leads for IT, business processing and R&D investments. Mr. Middleton indicated that investors favor China over India for its market size, access to export markets, government incentives, favorable cost structure, infrastructure and macroeconomic mac·ro·ec·o·nom·ics n. (used with a sing. verb) The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. climate. However, Mr. Verma said these same investors cite India's highly educated workforce, management talent, rule of law, transparency, cultural affinity, and regulatory environment as more favorable than what China currently presents. Following the presentation by the two debaters, a question and answer session was held with a panel of real estate and business leaders: Patrick Morrison, real estate asset management director of Lucent; Ron Zappile, president United Technologies Realty and director of global real estate operations for United Technologies, and Dale Anne Reiss, global and Americas director of real estate, hospitality, gaming and construction for Ernst & Young. The moderator was Michael Buckley, president of Halcyon hal·cy·on n. 1. A kingfisher, especially one of the genus Halcyon. 2. A fabled bird, identified with the kingfisher, that was supposed to have had the power to calm the wind and the waves while it nested on the sea Ltd. Real Estate Advisors and director of Columbia University's Development program. |
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