Caterpillar (CAT) has made sales of construction machinery in China a top priority, but it is...

|About: Caterpillar Inc. (CAT)|By:, SA News Editor

Caterpillar (CAT) has made sales of construction machinery in China a top priority, but it is losing market share to Asian rivals such as Komatsu (KMTUY.PK) and Sany in one of the most important product categories, hydraulic excavators. The market is so huge that, over the long term, Caterpillar believes it will stop being the global industry leader if it doesn't lead in China.