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Caterpillar adjusts China plan

Updated: 2012-11-28 08:06
By Ding Qingfen in Shanghai ( China Daily)

Caterpillar adjusts China plan

Construction equipment giant says sector to see improvement in 2013

China's economy has "bottomed out", but there are still challenges ahead and it's too early to conclude when the situation will really improve, Caterpillar Group President and Chief Financial Officer Edward J. Rapp said on Tuesday.

Caterpillar, the world's leading construction machinery provider, is in the process of temporary business adjustment in the Chinese market, with expansion slowing down and investment suspended, he said.

Caterpillar adjusts China plan

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