Apple, Caterpillar Point To China's Uneven Transition

A raft of warnings from U.S. multinationals about their Chinese operations may indicate China's transition away from investment-focused growth is on track -- but not going as smoothly as official data suggest. In the past week, Caterpillar (CAT) cited reduced construction work in China for its subpar second-quarter results. United Technologies (UTX) blamed soft demand for elevators in part for cutting its full-year outlook, as

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