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....

Ecns.cn
Caterpillar upbeat on China's economy, industry growth

Xinhua

Ecns — China still land of opportunity: the Caterpillar story

Caterpillar has been doing business with and in China since 1975.

Will U.S. heavy equipment giant Caterpillar become a Chinese company one day? For Chen Qihua, vice president of Caterpillar Inc. and chairman of Caterpillar China, it's a matter of not ownership but commitment.…

Ecns
China still land of opportunity: the Caterpillar story

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TASS — China may replace US Caterpillar as partner of Russian locomotive manufacturer

The Russian state corporation Uralvagonzavod (UVZ) may start cooperation with China on its project of development and production of locomotives, CEO Oleg Sienko said in an interview to TASS.

Earlier the corporation planned to implement the project jointly with the US-based Caterpillar, however, the cooperation was frozen due to sanctions introduced by the US against UVZ.

"The Chinese [companies] may come instead of Caterpillar, we’re studying this issue. We even have joint framework agreements singed," Sienko said....

TASS
China may replace US Caterpillar as partner of Russian locomotive manufacturer

TASS launches news service on Russian economy in English