Caterpillar Chief Lavin: China construction to grow 10%

China's construction industry will grow 10% in 2012 says the Group President of US heavy industry giant Caterpillar. Speaking ahead of the Asian Financial Forum 2012, Richard Lavin also expects the Rmb to strengthen against the US dollar and says growth of the Rmb "dim sum" bond market in Hong Kong "can only increase."
Asian Financial Forum: http://www.asianfinancialforum.com
Caterpillar Inc website: http://http://www.caterpillar.com
Note: Mr Lavin was interviewed 19 December 2011 for this video released on 3 January 2012.

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