Caterpillar bullish on China market

US construction machinery giant charts plan to launch more new products, services

US construction machinery giant Caterpillar Inc believes there are good long-term prospects in the China market and the company plans to launch more products and services for local customers, a global executive said.

Ramin Younessi, Caterpillar group president for construction industries, told China Daily that the US-based company is "very committed" to China and has a strong team for the long run in the market.