Almost all corporations that showed good earnings last quarter -- and which, therefore, made the DJIA rise -- showed good earnings on overseas sales and operations.
If Caterpillar's plant and sales is going gangbusters in China, what happens in the U.S. real economy is not relevant to how much money Caterpillar makes and what it's stock goes for.
Caterpillar’s has to sign contract to give 51% to China.