"Although China's economic slowdown, China's construction machinery industry is also facing major challenges, but China is still the world's largest construction machinery market, we are the future development of this market is still full of confidence." The world's largest construction machinery giant Caterpillar Group President and Chief Financial Officer Edward Leip said recently in Shanghai, the largest in the history of Caterpillar to participate in Shanghai Bauma China Exhibition, highlighting its commitment to long-term development in China and the confidence in the Chinese market. 

    China International Construction Machinery, Building Material Machines, Construction Vehicles and Equipment Expo, namely Shanghai Bauma China Exhibition began in 2002, held once every two years, is designed to help exhibitors develop business in China and Asia markets. According to reports, Caterpillar in the exposition area of over 12,000 square meters exhibition hall, displaying nearly 50 machines are widely used in the Chinese market, a variety of services and technologies, including six new products. To fit China's "second five" industrial planning, the exhibition is divided into Caterpillar road construction, irrigation, urban construction, railway construction, quarrying and energy industries, and other six exhibition. 

    EDWARD J. Rapp said that although China's economy has slowed, but it is built on the basis of previous high-speed development, the next 10 to 15 years is still a great opportunity, "We will not adjust short-term economic downturn in China long-term strategy, "Not long ago, Caterpillar updated the company's China strategy: the Chinese win. To establish itself in China market, Caterpillar focus on creating local supply chain, there are 30 Chinese suppliers, also in Hong Kong to issue renminbi debt. This year, the company also actively interact with customers in China on Weibo, while speeding up the pace into the Chinese countryside.