Caterpillar debuts new equipment in China, demonstrates growing importance of market

Manufacturing giant Caterpillar chose this year's Beijing International Construction Machinery Exhibition and Seminar for a world premier of three new models of hydraulic excavators on Wednesday.

It was the first time that the multinational launched a worldwide debut in China, signaling a stronger emphasis on this ever-increasing market.

Chen Qihua, the company's China chairman, said at a news conference: "In the next two to three years, the country's construction machinery industry will continue to grow at a steady pace."