Xinhua — Caterpillar upbeat on China's economy, industry growth

Caterpillar is a major indicator.

"We see stable growth for the Chinese economy in the next two to three years. We are optimistic about that," said Chen Qihua, vice president of Caterpillar Inc. and chairman of Caterpillar China. "We also expect steady growth for our industry -- no huge growth, but sustainable growth."

After a nearly five-years downturn, China's excavator industry has been picking up since the second half of last year....

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Caterpillar upbeat on China's economy, industry growth

Xinhua