China Construction Machinery economic crisis poses a major challenge

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 , our 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 BMW Exhibition , highlighting its commitment to long-term development in China and the Chinese market confidence.
China International Construction Rolling mill bearing Machinery , Building Material Machines , Construction Vehicles and Equipment Expo , namely Shanghai BMW Exhibition (baumaChina) 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 contact angle measurement construction , irrigation , urban construction , railway construction, quarrying and energy industries , and other six exhibition.
Edward ? Leip 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.