Why Chinese companies are flocking to Mexico
The country offers a back door to the United States
Chinese investments have been pouring into Mexico lately. Last month alone brought two notable ones. The government of Nuevo León, a northern state bordering the United States, announced that China’s Lingong Machinery Group, which makes diggers and other construction equipment, would build a factory that it estimates will generate $5bn dollars in investment. The same day Trina Solar, a solar-panel manufacturer, said it would invest up to $1bn in the state. Both companies and their corporate compatriots can now find a home away from home at Hofusan, a Chinese-Mexican industrial park in Nuevo León.
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This article appeared in the Business section of the print edition under the headline “The southern strategy”
Business November 25th 2023
- With Sam Altman’s return, a shift in AI from idealism to pragmatism
- Inside OpenAI’s weird governance structure
- ReelShort is the latest Chinese export to conquer America
- Why Chinese companies are flocking to Mexico
- Riyadh Air is betting on a tourist surge to Saudi Arabia
- How not to motivate your employees
- Every country wants its own investment-screening regime
- The many contradictions of Sam Altman
From the November 25th 2023 edition
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