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  • Karrie E. Alms: Amazing insight into the world of politics awaits any reader at pibgorn … from a Demon’s...
  • Tony: Homefield is Dynegy. Dynegy is Ameren. There Charging You twice for the same energy. Do you really thihk $.04...
  • SouthEnder: Also does anyone remember the Velvet Freeze located on Jefferson St, up the street from the Warner Homes....
  • Eric Pollitt: I flew economy class to Hong Kong for Christmas vacation, which is a 14 hour flight. When I got back...
  • Mike: Homefield has been sold to dynery. Google dynegy scandal to see who your new parent is. If this upsets you give...
  • mortified: Fun while it lasted. Godspeed!
  • aaron: your blogging will be missed but i know that your spirit of fairness will remain alive in your other...
  • Jon: CJ, your blog was a revelation and an inspiration. You have a wonderful talent that is an asset to the...
  • Billy Dennis: Of course the Chronicle is done: Screw you. The Chronicle is one of the best researched blogs...
  • Paul Wilkinson: CJ, am sorry you have ended your blog. It was well done. It seems many have given up as we keep...
  • Sharon Crews: Your voice is definitely needed in this community. Thanks for all your insights.
  • emergepeoria: Your blog is great resource to research Peoria issues. I hope you leave it up.
  • BucketHead: I was not suggesting that, I believe the both of you had very strong common sense and that lead to your...
  • C. J. Summers: Without anonymity, there is no courage among my detractors. Take a look back at the wide variety of...
  • Of course the Chronicle is done: Without Sandberg to give stores to the Chronicle there is no Chronicle.

Cat’s growing presence in China — Is it a good thing? Part 2

In a previous post, we looked at potential pitfalls in efforts to access China’s markets. Specifically, it appears that access comes with a high cost: supplying Chinese competitors with proprietary technology. Another example of this was recently exposed in the Wall Street Journal:

When the Japanese and European companies that pioneered high-speed rail agreed to build trains for China, they thought they’d be getting access to a booming new market, billions of dollars worth of contracts and the cachet of creating the most ambitious rapid rail system in history.

What they didn’t count on was having to compete with Chinese firms who adapted their technology and turned it against them just a few years later.

Today, Chinese rail companies that were once junior partners with the likes of Kawasaki Heavy Industries Ltd., Siemens AG, Alstom SA and Bombardier Inc. are vying against them in the burgeoning global market for super-fast train systems. From the U.S. to Saudi Arabia to Brazil and in China itself, Chinese companies are selling trains that in most cases are faster than those offered by their foreign rivals.

Caterpillar recently announced it’s building another large engine factory in China, expanding its presence there. How long will it be before we start seeing Chinese companies competing head-to-head with Caterpillar — using Cat’s own technology against them?

4 comments to Cat’s growing presence in China — Is it a good thing? Part 2