You're watching...
Global Logistic Properties Chairman Jeffrey Schwartz on why, despite concerns over the Chinese economy, companies can benefit from China’s growth.
Also in this playlist...
Auto-advance: ON
Auto-advance
This transcript is automatically generated
-- S economy is slowing is bad news for many investors and companies worldwide but could this ultimately create.
Some new opportunities for the largest provider of logistic facilities in Asia Jeffrey Swartz is the chairman of global -- Happy he's here Fox Business explosive and we should explain what you do you you.
Run operate build facilities especially in China are you worried when you see some of the slowdown data out of China does that concern you don't.
-- you know.
It's kind of funny when I talk to investors and when you're an Asian people don't have -- concerned about it but we come to view us when -- talk to people in Europe where things are very good.
They talk about the slowing that China and the trend is still growing seven half a percent GDP growth.
Which the -- world would kill for one and 270%.
GDP growth over 2011 numbers is a big -- salute amount.
For of growth than 10% growth was in 2008 -- the 2007 up.
-- -- that I think gets on the ramp -- was talking about the fact that -- about longer term inflation -- mean this is three years out but Brazil inflation in China.
When it seems that you you were saying why are we so concerned about growth in China is because percent dependent excellently on -- the growth of the current.
Inflation numbers that came out over the weekend -- lower than expectation survey was at 3.2 percent percent to 3%.
Most people think you're -- two and a -- percent they seem to have inflation under control it's only country in the world that still has.
Arrows and its quiver to stimulate the economy and do things -- used.
You sell your company again you saw huge revenue growth in China you operate in China Japan their -- seems like China is -- New York.
Really making profits in your revenue growth for the fourth quarter exponentially jumped almost 2% right you have me here that's of.
Japan is very very profitable for China's -- story China's the big growth.
You know we have retail sales up 14% -- in Europe our business search domestic consumption the -- which Russia this.
That domestic that middle class consumer and China is what option.
It's the 300 million middle class consumers.
I mean middle class and middle class I -- it doesn't make any difference it's a different definition in the US what someone's buying jeans with some -- buying dishwashers.
There -- middle class consumer antiques warehouse.
Also read by dishwashers and jeans and products that are made in China and a lot of your biggest clients -- American companies Wal-Mart Coca-Cola.
Do you think is really winning over there and your opinion right.
Apple truly promotes the consumption 80% of her space today is used for domestic consumption and it really is a -- I mean retail.
GDP -- seven -- percent but actually retail sales are growing almost couple that.
So that the company is even if it's an Amazon.
Not from the US.
No it's not driven -- not our business is not -- by exports distributed by.
Retail sales of domestic consumption in the country which is where the Chinese government's focus on -- and how things have changed let me just before late I ask you about Japan because again in -- just picture buildings -- -- the warehouses like that did you get a big bump up in business.
After the tsunami in Japan.
Well if he could take advantage of such -- horrible human tragedy I was actually only they had -- rebel.
I was actually there during the earthquake and it was it was not a it was terrifying experience to be there are business we've averaged 99% actresses -- -- the Japan this is where we're at 97%.
Went to.
Effectively a 100% accuracy immediately thereafter we have seen a shift to modern facilities because it was -- older obsolete facilities that damage.
We we and a close with seven billion dollar portfolio have less than 29 -- damage and next to nothing.
OK so let's flat but it it's a good thing to from the premiere and it perspective what every sports very interesting business very different thinking in the ADR straight here in the United States -- Q chairman of global logistics properties close about -- --
