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US firms lower China expectations as growth slows

US foreign direct investment in the country for the first nine months of this year declines 24.7 per cent

Mr Oberhelman says that despite recording flat sales, Caterpillar is not in a de-investment mode

Walmart Inc is continuing to build distribution centres and open stores in China to attract more urban shoppers.


US companies, which have led Western investment in China over the last 35 years, are scaling back their expectations and business plans in the face of slowing growth, heightened competition and increased regulatory scrutiny from Beijing.

"Clearly, there's moderating...