Caterpillar | South China Morning Post
  • Mon
  • Mar 2, 2015
  • Updated: 9:44am


China growth picture may dim, but for Caterpillar it’s a bright spot

Caterpillar has benefited from the Chinese domestic construction boom as well as the global mining boom. Photo: Reuters

Few US companies have had a harder time in recent months defending their enthusiasm for China than Caterpillar.

Thursday, 29 August, 2013, 4:13am

China, once US companies’ great hope, now a drag

KFC’s parent, Yum Brands, gets nearly 51 per cent of revenue from China, highlighting US companies’ exposure to any slowdown on the mainland. Photo: Reuters

It’s official: China’s slowdown is starting to hurt corporate America.

As the world’s second-largest economy - and still growing - China is seen as a primary source of revenue growth by the largest US companies. But a country that once boasted double-digit growth is now growing at a more modest 7.5 per cent rate, its credit markets are overheated and fears of a housing bubble remain.

19 Jul 2013 - 3:39pm