Latin American Confederation of Customs Agents
Between 2020 and 2025 thousands of Chinese companies from different sectors will accelerate their investments in Mexico, this as a result of the commercial tension between China and the United States, said the Jiangsu Chamber of Commerce of China in Mexico.
Data revealed by the agency indicate that so far approximately 70,000 Chinese businessmen have removed their investments from the United States.
In the framework of the first year of the Strategic Commercial Coalition between the business sector of Mexico and China, Zhengjie Zhao, Jiangsu Chamber of Commerce of China in Mexico, assured that the sectors that will receive the most investment are manufacturing, textiles, automotive and basic technology.
For his part, Guillermo Pérez, president of Corsa Corp. (a coalition body between businessmen from Mexico and China), pointed out that another sector that will benefit on Mexican soil will be tourism, which has been seriously affected by the Covid pandemic. -19.
Both representatives assured that the “Asian wave in Mexico” will generate thousands of jobs in the coming years.
An example of this, they agreed, is the installation of Chinese MSMEs in the country and the arrival of more companies linked to basic technology due to the favorable investment conditions granted by Mexico.
Read full article (Spanish).