China's unsurpassed demand, cash reserves and willingness to invest heavily in new infrastructure make it an attractive option for foreign real estate investors, according to Gilles Assouline, president of Wuxi Iparks Creative Design & Development. In an interview with Knowledge@Wharton, Assouline spoke about why conditions in China are ripe for real estate development, and how partnering with the world's fastest-growing economy may be a requisite for survival in the current economic downturn.
An edited version of the transcript follows.
Knowledge@Wharton: Our guest today is Gilles Assouline, president of Wuxi Iparks Creative Design & Development, which specializes in the development of international real estate and leisure projects in China. Thank you so much for joining us today.
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