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

Summary:
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.cnCaterpillar upbeat on China's economy, industry growth Xinhua

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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

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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