Caterpillar exporting China-made goods


  • Business
  • Thursday, 09 Aug 2012

NEW YORK: Caterpillar Inc has begun exporting Chinese-made machinery to the Middle East and Africa, part of a plan to offset a dip in China's economic growth, a top official at the company said in an interview.

The move by the world's largest maker of construction equipment is only temporary and the company still expects China to remain its fastest growth market, Richard Lavin, who oversees Caterpillar's business in China, told Reuters.

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