Transcripts for BBCNEWS Asia Business Report 20240604 00:36:

Transcripts for BBCNEWS Asia Business Report 20240604 00:36:00

in recent years, mexico has experienced a major uptick in capital investment, largely through the phenomenon known as nearshoring. amid the trade war between china and the us, scores of chinese companies have been taking advantage of conditions in northern mexico to get around us sanctions on chinese goods by making those same products in mexico instead. at the same time, some big us firms have relocated from asia to mexico too. while nearshoring has provided the mexican economy with a major boost during the global economic downturn, many are asking if the boom can last. 0ur mexico correspondent, will grant, reports from the northern city of monterrey made in mexico but owned by china. this furniture company is part of the buzzword in mexican business. this is one of scores of chinese companies relocating to industrial parks in northern mexico to bring production closer to the us market. as well as saving on

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