Caterpillar expects to fly in mainland

BEIJING - US heavy machinery giant Caterpillar is optimistic about China's economic outlook in the coming years and expects steady market growth in the country, a company executive said.

The company unveiled three new-generation hydraulic excavators during a construction machinery exhibition held in Beijing last month.

"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.