What the Impact of Chinese Investments Could Mean for Mexico
Move over, America. China is now taking a stake in Mexico’s infrastructure. In the past couple years, China has invested billions of dollars in Mexico and other Latin American countries. This year, Chinese President Xi Jinping announced that China would invest $250 billion in Latin America between 2015-2018, with the goal of $500 billion in trade with Latin American countries. In Mexico, Chinese imports have steadily increased since 1999, with nearly $70 billion in imports in 2015, according to data from Atlas.
https://www.diplomaticourier.com/impact-chinese-investments-mean-mexico/
China is continuing to expand its economic interests in Latin America through trade as well as foreign direct investments. Alexandra Calloway-Nation writes that the deterioration in relations with the United States has led Mexico to look to China to fill the vacuum.
Mexico currently holds a 67.4 billion USD trade deficit with China, though many projects between Chinese and Mexican companies proposed in recent years would go a long way in ameliorating this deficit.
https://politicalinsights.org/2018/04/12/china-poised-to-increase-its-foreign-direct-investments-in-mexico/
“Mexico is China’s second-largest trading partner in Latin America and China is Mexico’s second-largest trading partner in the world. This is a highly important relationship and we have great interest in deepening and broadening these ties,” said Qiu. “I think any agreement to make trade easier is very worthy.”
https://www.diplomaticourier.com/impact-chinese-investments-mean-mexico/