Cat participates in China development forum
- Details
- Published on Monday, 24 March 2014 17:05
- Written by Paul Gordon
Caterpillar Inc.'s commitment to China was reinforced recently by the company's strong participation in that country's annual development strategy forum.
Caterpillar Chairman Doug Oberhelman co-chaired the 2014 China Development Forum along with Li Wei, minister of development research center of the State Council of China. The event was in Beijing March 22-24.
Oberhelman said he was pleased with China's commitment to transform its economy to make it more sustainable and transparent.
"I was honored to be the co-chair for the 2014 CDF and was impressed by the focus on comprehensive reforms that are now being pursued by the Chinese government as it seeks to transform its economy to achieve more sustainable growth," Oberhelman said.
"Again and again during the two day event, we took part in candid discussions on topics as wide-ranging as industrial overcapacity, the rule of law, urbanization, taxation, financial and environmental reforms and the importance of transparency in a market oriented economy. Such an ambitious reform agenda will be challenging, however it also provides opportunities for Caterpillar to support its customers in China as the company continues building out its business model," Oberhelman added.
Over the last 40 years in China, Caterpillar has grown from a single office in Beijing to a cross-country footprint of 28 manufacturing facilities, four research and development centers, three logistics and parts centers and a strong dealer and supplier network, with about 15,000 Caterpillar employees.
Since the China Development Forum started fifteen years ago, China has grown to become the second largest economy in the world and the Forum has grown into a global event, attracting business executives, government officials and academics from every region of the world in a venue where they exchange ideas and have open dialogue.
