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"I had thought the Chinese mostly used wheel barrows and manual labor to do construction. I’m surprised that they have heavy equipment."

I attended ConExpo in Las Vegas in 2011 - I believe it is one of the largest tradeshows in North America and is held every three years. The focus of the tradeshow is construction equipment. Sany, a chinese equipment company, was easily one of the largest exhibitors there, bigger than Cat, bigger than Deere. They had almost no presence (that I can recall) at the previous ConExpo of 2008.

[Zhang Fei]

I attended ConExpo in Las Vegas in 2011 - I believe it is one of the largest tradeshows in North America and is held every three years. The focus of the tradeshow is construction equipment. Sany, a chinese equipment company, was easily one of the largest exhibitors there, bigger than Cat, bigger than Deere. They had almost no presence (that I can recall) at the previous ConExpo of 2008.

According to Forbes, it's a fraction the size of Cat (at $5.2b in revs vs Cat's $60b), but the margins are way better than Cat's, at 17% vs Cat's 8%.