When China introduced its bold "Open Door" economic reforms in 1978, it was a third-world country. Unsure what to expect from economic reform, Chinese authorities decided to test the water by creating Special Economic Zones (SEZs) and Economic and Technological Development Zones (ETDZs), which served in effect as oases of reform and modernity. China today is an economic powerhouse, and SEZs and ETDZs deserve much of the credit for its economic revitalization.
Cyclically Resilient
The nation's bulk distribution property leasing markets are in the early stages of a cyclical slowdown. Weakness from the sluggish U.S. economy has begun to spill over into the nation's leasing markets for distribution facilities. Counterbalancing this risk, to some degree, are the continuing sharp cutbacks in new construction.
Connecting the Dots
Central and Eastern Europe's aspirations for economic parity with Western Europe hinge, to a large degree, on their success in creating a network of modern, high-speed roadways for transporting freight. This report documents their progress in building new motorways and their plans for the next five-to-ten years.
ProLogis is the world's largest owner, manager and developer of distribution facilities, with 548 million square feet (51 million square meters) of industrial space in 136 markets across North America, Asia and Europe.
At ProLogis, research guides the company's business and strategic decisions and is instrumental in identifying new trends and opportunities. Our research draws on the market expertise of industry leaders and of ProLogis' market experts around the globe.