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Wednesday, June 29, 2011

Caterpillar Expects New Rival To Emerge From China

Caterpillar Expects New Rival To Emerge From China - WSJ

I would not be surprised if Caterpillar's name in China has a big target next to it.  The other US company I would worry about is Boeing (China has been working to improve their aerospace industry with forced joint manufacturing (technology transferes) and subsidies.  Europe grew Airbus using only subsidies.

China has already done similar work on building home grown competitors in networking (Habei), Automotive (forced joint manufacturing with technology transfer), and bullet trains (Japanese Manufacturers).

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