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Asia Business Report

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. our 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. nearshoring. 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 shipping the final product is considered 100% mexican and they avoid tariffs and sanctions imposed on china with the worsening trade war in the us. the general manager says the move to mexico makes economic and logistical sense. they already employ

Us , Nearshoring , Economy , Boost , Firms , Boom , Many , Asia-to-mexico , Downturn , Part , Chinese , City

Asia Business Report

shipping the final product is considered 100% mexico and they avoid tariffs and sanctions imposed on china with the worsening trade war in the us. general manager says the move to mexico makes economic and logistical sense. they already employ 450 people and have ambitious plans to expand. translation:. we ambitious plans to expand. translation: ._ ambitious plans to expand. translation:. we have to quadrursle _ translation:. we have to quadruple production... - translation:. we have to quadruple production... in. quadruple production... in vietnam. quadruple production... in vietnam-— vietnam. whether it is furniture, _ vietnam. whether it is furniture, t-shirts - vietnam. whether it is furniture, t-shirts or | vietnam. whether it is l furniture, t-shirts or car furniture, t—shirts or car parks, the proximity to the us and the skilled labour force here makes mexico an attractive prospect to chinese companies. and is more chinese firms reach that same conclusion and set up factories here there has been important shot in the arm to the mexican economy, particularly post covid pandemic. factory is located

Us , Northern-mexico , China , Trade-war , Sanctions , Product , Tariffs , Shipping , Move , General-manager , 100 , People

Asia Business Report

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

Us , Nearshoring , Northern-mexico , Companies , Chinese , Trade-war , Advantage , Scores , Capital-investment , Uptick , Phenomenon , Firms

Asia Business Report

israel but i am not involved in offensive actions and i'm critical of the human rights issues involved in urban warfare, for example. against commerce. warfare, for example. against commerce-— warfare, for example. against commerce. ., ., commerce. your thoughts on the us federal _ commerce. your thoughts on the us federal reserve _ commerce. your thoughts on the us federal reserve and _ commerce. your thoughts on the us federal reserve and what - commerce. your thoughts on the us federal reserve and what it i us federal reserve and what it will do with interest rates? what is your outlook? you will still get cuts in interest rates and i suspect they will be two, maybe three and they will be delayed because they need further convincing. the last mile in reducing inflation has been run and one and they do not have that yet. it will be slower, possibly one less cut this year but nevertheless i think that will be the trend. 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.

Israel , Thoughts , Commerce , Warfare , Example , Actions , Issues , Human-rights , Us , Cuts , Federal-reserve , Interest-rates

World Business Report

with the business news here on the bbc. now, let's focus on mexico. in recent years, its economy has experienced a major uptick in capital investment, largely due to something known as nearshoring. so, 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. so, what are the pros and cons? 0ur mexico correspondent will grant reports from the northern city of monterrey. apologies. we are clearly looking at asian financial markets there. we haven't got

Us , Companies , Let-s-focus-on-mexico , Something , Economy , China , Chinese , Scores , Bbc-news , Capital-investment , Nearshoring , Uptick

World Business Report

0ur mexico correspondent, will grant, reports from the northern city of monterrey. scores of chinese companies render —— relocating to mexico to reproduction closer to the us market. as well as saving on shipping, the final product is considered 100% mexican, meaning they avoid tariffs and sanctions imposed on china and in a worsening trade war with the us. this general manager says the move to mexico makes economic and logistical sense. they already employ 400 people and have ambitious plans to expand. and have ambitious plans to exand. �* ,, �* ~ and have ambitious plans to exand. �* ,, ~ ~ expand. translation: we hope ou are expand. translation: we hope you are triple _ expand. translation: we hope you are triple and _ expand. translation: we hope you are triple and quadruple - you are triple and quadruple production. the intention here in mexico is to bring our production levels up to that of our factories production levels up to that of ourfactories in production levels up to that of our factories in vietnam.

City , Monterrey , 0ur-mexico , Correspondent , Will-grant , 0 , Us , Companies , Market , Mexican , Chinese , Product

World Business Report

on cheaper labour costs or favourable tax regimes. but what happens when that shifts back the other way? it's called near—shoring and it's given mexico a major boost as the trade war between china and the us hots up. 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. so what are the pros and cons? 0ur mexico correspondent, will grant, reports. made in mexico but owned by china. the sofas of the manoa furniture company are part of the buzzword in mexican business near—shoring. 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 shipping, the final product is considered 100% mexican, meaning they avoid tariffs and sanctions imposed

Us , Chinese , It-doesn-t-permit , China , Companies , Advantage , Scores , Labour-costs , Given-mexico , Trade-war , Shifts , Tax-regimes

World Business Report

on china amid a worsening trade war with the us. the general manager says the move to mexico makes economic and logistical sense. they already employ a50 people and have ambitious plans to expand. "we hope, to triple or even quadruple production," he says. "the intention here in mexico is to bring our production levels up to that of our factories in vietnam." whether it's furniture, t— shirts or car parts, the proximity to the us and the skilled labor force here makes mexico an attractive prospect to chinese companies. and as more chinese firms reach that same conclusion and set up factories here. it's been an important shot in the arm to the mexican economy, particularly post the covid pandemic. the sofa factory is located inside a chinese—mexico industrial park in the city of monterrey. demand for plots is sky—high, with every available

Us , China , People , Sense , Northern-mexico , Plans , Trade-war , General-manager , Move , It-doesn-t-permit , Production , Factories

BBC News Now

lives without a constant fear of violence. most people agree on one thing — they all want this nation to go back to being the relatively peaceful haven it once was, even if many think that might take a miracle. ione wells, bbc news in quito. turning to mexico now — in recent years its economy has experienced a major uptick in capital investment, largely due to something 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. so what are the pros and cons? will grant reports from the northern city of monterrey. the sofas of this company are part of a password and mixing business.

Northern-mexico , People , Violence , Bbc-news , Think , Lives , Thing , Miracle , Fear , Haven , Nation , Ione-wells

BBC News Now

nearshoring. 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 shipping, the final product is considered 100% mexican. they avoid tariffs and sanctions imposed on china amid a worsening trade war with the us. the general manager says the move to mexico makes economic and logistical sense. they already employ a50 people and have ambitious plans to expand. translation: we ambitious plans to expand. translation:— ambitious plans to expand. translation: ~ ., , ., , ambitious plans to expand. translation: ~ ., , ., translation: we hope to triple or even quadruple _ translation: we hope to triple or even quadruple production. - translation: we hope to triple or even quadruple production. the - even quadruple production. the intention here in mexico is to bring our production levels up to that of our production levels up to that of our factories our production levels up to that of ourfactories in our production levels up to that of our factories in vietnam.- our production levels up to that of our factories in vietnam. whether it is furniture. — our factories in vietnam. whether it is furniture, t-shirts _ our factories in vietnam. whether it is furniture, t-shirts or _ our factories in vietnam. whether it is furniture, t-shirts or car - our factories in vietnam. whether it is furniture, t-shirts or car parts, i is furniture, t—shirts or car parts, the proximity to the us and in the skilled labour force here the proximity to the us and in the skilled labourforce here makes mexico an attractive prospect to chinese companies. and as more chinese companies. and as more chinese firms reach that same conclusion and set up factories here, it has been an important shot

Northern-mexico , Nearshoring , Companies , Us , Chinese , Production , Scores , Product , Mexican , Market , Shipping , Industrial-parks