China ready to bet on Mexico
The Mexican Entrepreneurial Council of Foreign Commerce announced the advance of commerce exchange between these two Countries, which has increased since 2015 and has reached US$80 billion. Yaogang Chen, CEO of Industrial and Commercial Bank of China, comments that: “Despite what is going on in the U.S., the Mexico-China relation has a positive outlook for next year and the communication might even increase. There are expectations from Chinese companies to continue coming to Mexico. The investment is going to increase by 2017”. The main interest is creating corporations, investing in telecommunications, manufacture and infrastructure. Even the downfall of the Mexican peso against the dollar could be the factor to affect positively the investment in Mexico, this advance would occur thanks to the mechanisms implemented by Chinese investors to reduce the impact of the devaluation of the Mexican currency, assured Chen.