For immediate release, 2008-01-24
by Hingyin Lee
Colliers International , Shanghai
The tumble in the global stock markets since the beginning of 2008 coupling with the US Federal Reserve’s emergency rate cut by 75 basis points to relieve tightened liquidity have triggered market jittery on the prelude of a US recession. While the China economy and its property market held in good shape during the last US downturn in 2001, will history repeat itself?
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About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 10,092 employees span the world in 267 offices in 57 countries. On a worldwide basis, Colliers manages 672,945,918 square feet, and has revenue of $US 1,620,958,349.
Contact Information
This information is distributed for Colliers International (Shanghai) by:
Hingyin Lee
Director, Research and Consultancy
Tel : 86 21 6141 3580
Fax : 86 21 6141 3699
Email: hingyin.lee@colliers.com
Linda Lee
Manager, Marketing & Communications
Tel : 86 21 6141 3606
Fax : 86 21 6141 3699
Email: Linda.L.Lee@colliers.com
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