Mexico surpasses China as the largest supplier of goods to the United States

China was surpassed by Mexico as the largest supplier of goods to the United States in the first three months of 2023. According to the United States Census Bureau, the country imported goods from Mexico worth $115.5 billion in the period from January to March, representing 15.4% of its total imports, a figure that marked a historical record.

López Obrador highlights the trafficking of fentanyl originating from China

In response to the accusations made by the United States against China for being a supplier of fentanyl, the Chinese Ambassador to Mexico, Zhang Run, stated before Mexican senators that “no problems related to fentanyl smuggling have ever been detected between the countries.”

Mexico increases the export of medical devices to China

Mexico ranked as the second largest external supplier of medical instruments and devices to China in 2022, recording $2.037 billion, a year-on-year increase of 7%, according to data from the General Administration of Customs of China. As a result, Mexico displaced Germany to the third position ($1.731 billion) and is only surpassed by the United States ($3.253 billion).

Mexico requests China’s help in the fight against fentanyl

Mexican President Andres Manuel Lopez Obrador has reached out to Chinese President Xi Jinping through a letter, seeking assistance in curtailing the flow of fentanyl shipments from China to Mexico. Lopez Obrador explains in the letter that U.S. lawmakers have been holding Mexico responsible for the fentanyl crisis in the United States, even going as far as threatening invasion of Mexican territory.

Chinese automaker prepares vehicle plant in Mexico

n April 2023, Jetour will market two gasoline-powered SUVs imported from China. By the end of the year, it will introduce a hybrid unit and in 2024 it will invest in the plant for combustion and electric vehicles. The brand is currently lobbying with different governments – among them Aguascalientes and Guanajuato – to define an investment that could reach 1 billion dollars.

Chinese companies establish factories to label their products as “Made in Mexico”

Several Chinese companies are investing in Mexico. Taking advantage of an expansive trade agreement with North America (T-MEC) and following a path forged by Japanese and South Korean companies, a number of Chinese firms have set up factories that enable them to label their products as “Made in Mexico” and then transport them duty-free to the United States.

Mexican President announces measures to boost lithium exploitation in the country

he President of Mexico, Andrés Manuel López Obrador, announced that his government will enforce the Lithium Nationalization Law to install automotive battery production plants in Sonora. The principal purpose is to take advantage of the state’s natural resources to create jobs and promote economic development.

China and Mexico: 50th anniversary of diplomatic relations

Photo: Cena de Estado. By: Presidencia de la República Mexicana. Source: Flickr. On the occasion of the fiftieth anniversary of the establishment of diplomatic relations between Mexico and the People’s Republic of China, we share the introduction of an article published during the third quarter of 2022 through the China and Latin America Network: Multidisciplinary […]

Chinese company invests heavily in Nuevo Leon, Mexico

The Chinese furniture company Man Wah in Mexico will invest US$200 million to expand its plant in the state of Nuevo León, covering an area of 200,000 square meters and creating up to 8,000 new jobs.

Stori, a Mexican fintech known for its digital credit card, is LatAm’s new unicorn

Stori, a Mexican developer of financial technology products founded in 2018 was the latest investment by Chinese private equity firms Bertelsmann Asia Investments (BAI) and Vision Plus Capital.

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