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<\/td>\n<\/tr>\nReporting fourth-quarter results<\/a> earlier today, Caterpillar<\/strong> Inc. CEO Jim Owens<\/strong> said it is \u0093prudent\u0094 for China to step on the financial brakes, as long as they \u0093tap on the brakes and not send everyone through the windshield.\u0094 He added that China has done a good job managing through the financial crisis so far and he expects them to continue making the right moves.<\/p>\n Mr. Owens added, \u0093There\u0092s a lot of monetary stimulus awash in the global economy\u0094 which gives the company confidence that the global recovery will continue.<\/p>\n But there is reason for Caterpillar and other big producers to worry. China has taken steps to discourage bank lending, signaling growing concern on the part of the Beijing government that galloping growth could stoke inflation. China\u0092s GDP grew 10.7% in the fourth quarter from a year earlier, well above China\u0092s targeted 8% growth.<\/p>\n Only about 7% of Caterpillar\u0092s $33 billion in sales last year were in China, but China\u0092s growth is also driving up commodity prices. That filters through the global economy in ways that create demand for machinery all over the world: For instance, not only do copper miners in Chile need more of Cat\u0092s mining machines, but copper miners with fat paychecks then fuel another wave of demand for machines to build new houses, highways and shopping centers.<\/p>\n Global manufacturers, reliant on China as a growth engine, are keeping a close eye on that nation\u0092s moves to cool its economic expansion to avoid inflation. Caterpillar and other manufacturers keep a close eye on China. (Associated Press) Reporting fourth-quarter results earlier today, Caterpillar Inc. CEO Jim Owens said it is \u0093prudent\u0094 for China to […]<\/p>\n","protected":false},"author":850,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-239253","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/239253","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/850"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=239253"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/239253\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=239253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=239253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=239253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/img><\/a>
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