Impact Of Chinese Slowdown On Caterpillar's Construction Equipment Revenues

China can no longer be considered as the flag bearer of global GDP growth. This is because its last recorded double-digit GDP growth rate was 10.4% and that was back in 2010. Since then, the Chinese economy growth rate has decelerated around 30% over five years to roughly 7%. The same has affected US multinationals like Caterpillar, which is heavily dependent on emerging market revenues to drive earnings growth.

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