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Tuesday, November 19, 2024

Caterpillar’s China woes warn foreign investors

Caterpillar's China woes warn foreign investors (via AFP)

Caterpillar's revelation it found fake accounts at a just-acquired Chinese firm which will cost it hundreds of millions of dollars is a cautionary tale for those looking to enter the hugely promising market. The US equipment giant said this month it would take a $580 million charge after uncovering…


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