UPDATE 1-Volvo construction gear unit sees fast China growth

Newswire

By Fang Yan SHANGHAI, Oct 31 (Reuters) - Swedish trucks and engineering group Volvo AB's construction equipment arm expects to accelerate sales growth in China, helped by new investment in the fast-growing market, a senior executive said on Wednesday. While growth is tapering off in the mature markets of Europe and North America, Asia -- China in particular -- has attracted industry heavyweights such as Caterpillar . "If you get out of the major cities, you see roads being built, ...

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