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The ABB earnings presentation sounds a lot like Caterpillar earnings, where weakness in China is...

The ABB earnings presentation sounds a lot like Caterpillar earnings, where weakness in China is being offset by strength in North America. ABB's order book in China is off 35% Y/Y, up 16% in the U.S. SEB notes the company saying it's uncertain when Chinese demand will recover vs. previously saying it appeared Chinese growth was returning. (earnings)
Comments (3)
  • but, but, but... china is not a bubble and the worst case scenario is 6% growth !
    25 Apr 2012, 12:44 PM Reply Like
  • CNBC interview mentioned that China is only 3% of their sales. Anyone buying today got a bargain.
    25 Apr 2012, 04:18 PM Reply Like
  • The industrial players exporting to China are waning and consumer related "exporters" are waxing. It appears that China has finally started on its policy of growing internally through wage growth.

     

    APPL, BMW, MB, KO, MCD, YUM, GM have or will produce the new China growth stories.
    25 Apr 2012, 09:37 PM Reply Like
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