Caterpillar sees China excavator demand falling below pre-pandemic levels ...Middle East

Caterpillar Inc on Thursday warned that demand for excavators in China, one of its largest markets, could slip below pre-pandemic levels in 2022, as construction activity takes a hit in the country from strict pandemic lockdowns. Shares of the Deerfield, Illinois based-company fell 3% to $207 in afternoon trade, as analysts expressed disappointment over the company's current-quarter margin forecast.

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