Caterpillar expects sustainable growth in Chinese market

Firm counting on equipment update to generate strong sales momentum

Caterpillar Inc, the world's largest heavy-duty equipment maker, expects its sales growth in China to "return" to normal in the second half of this year, compared to the robust growth it recorded in the first six months.

The strong demand from the China market has extended from 2017 into the first half of 2018, driven largely by equipment updates in the industry, the steady increase of investment in infrastructure, sustainable development of the real estate market, the surge in coal prices which motivates further coal production, and more public-private partnership projects, said Chen Qihua, chairman of Caterpillar China, at the sidelines of the Ninth International Infrastructure Investment and Construction Forum in Macao.