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Reporting Q3 profit off 85% from a year ago, Liugong Machinery President Zeng Guang'an warns of...
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Monday, November 5, 2012, 7:58 AM ETReporting Q3 profit off 85% from a year ago, Liugong Machinery President Zeng Guang'an warns of continued overcapacity in the Chinese construction-equipment sector, saying the country only needs about 10% of the current 200 firms in the business. "We have too much investment. We need more consumption."
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