In China vs. United States, Mexico Emerges as the Winner
The title of the news suggests that Mexico has become an attractive destination for Chinese investments, especially in the context of trade tensions between China and the United States. Mexico’s geographical location and its participation in the USMCA (United States-Mexico-Canada Agreement) make it an entry point for Chinese investments in the North American market. Additionally, the COVID-19 pandemic and disruptions in supply chains have led China to consider Mexico as an optimal place to reduce commercial and production risks.
By the end of last year, China’s foreign direct investment (FDI) in Mexico increased by 48.2% year-on-year, reaching 2,520 million dollars. This represents approximately 20.9% of Chinese investment in Latin America and the Caribbean. Investment has been concentrated in sectors such as automotive, electronics, energy, and infrastructure.
The Mexican Embassy in China has noted a growing interest from Chinese companies in investing in Mexico, and significant joint projects are expected in the coming years.
Read full article: https://expansion-mx.cdn.ampproject.org/c/s/expansion.mx/empresas/2023/11/07/en-china-vs-estados-unidos-mexico-es-el-hijo-ganon?_amp=true