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A little over a year
after the failure of Lehman Brothers precipitated a global financial and
economic collapse, asset markets in the Asia Pacific region are holding
up surprisingly well compared to their
peers in Europe and the United States. While both pricing and rentals
in the region fell steeply in 2008 and early 2009 in step with those in
the West, markets across the Asia Pacific region have been lifted in the
second half of the year by the remarkable resilience of the Chinese
economy, which has been buoyed by a series of fiscal and monetary
stimulus measures.
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