CEO Doug Oberhelman said on CNBC Thursday after Caterpillar Inc.
(CAT) reported better than anticipated first quarter results that
the bright news for the company is that business is building in
China.
"Even with the all the risk we see and the possibilities of
other risks in China, our business is building in China. All our
products and services are doing well over there," he said.
"In fact in China, our sales first quarter this year over last
year were up 30%. And again it's across all of our businesses in
China."
Mr. Oberhelman described sales in countries other than China as
a "mixed bag." He said sales in the Middle East were hot, Brazil
was slowing and Southeast Asia a mixed bag that was "fraught with a
lot of geo-political risk.
Full story at www.cnbc.com
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