CATERPILLAR, one of the world’s biggest makers of construction equipment, is facing a slowdown in China while grappling with the impacts of higher costs to make its machines, reports Bloomberg. Caterpillar, often viewed as an economic bellwether, said in its second quarter report that construction equipment sales fell in Asia Pacific, citing lower revenue from end users in China. The company brought in US$13.5 billion in revenue from machinery, energy and transportation, missing analysts’...
https://www.seanews.com.tr/caterpillar-says-china-sales-slow-down-missing-estimates/194551/