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China boosts its Mexico investments as nearshoring opportunities grow Alberto Garcia-Jurado was recently touring the Mexican city of Queretaro when something immediately jumped out to him.
This week in Borderlands: China boosts its Mexico investments as nearshoring opportunities grow; Realterm acquires truck terminal in El Paso, Texas; Horton Automatics opens plant in Matamoros, Mexico; and Schunk invests $7 million to expand in Mexico. The post Borderlands Mexico: China boosts its Mexico investments as nearshoring opportunities grow appeared first on FreightWaves.
Boosted by more signs that China's economic recovery is gaining traction, from surging stocks, hectic consumption during the Spring Festival holidays to the long-awaited tourism boom following optimization of COVID management, representatives of overseas commerce chambers are increasingly upbeat about the
Addressing the 15th China-Latin America Entrepreneurs Summit on Wednesday, President Xi Jinping called on business communities of China and Latin America and the Caribbean (LAC) to seek shared development in a bid to make new and greater contributions to promoting the building of the China-LAC community with a shared future, Xinhua reported on Thursday.
As the driver of global monetary policy, the US selfishly has made the most aggressive move in 28 years by hiking interest rates by 75 basis points to tame domestic inflation amid concerns over an oncoming recession, which carries serious downside risks by aggregating the debt distress and currency depreciation pressure of developing countries, especially in Latin America where asset bubbles have been blown out by the US’ ultra-loose monetary policy since the beginning of the pandemic.