China recapitalizes Mexican firms
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Companies from China have started a silent capitalization of 900 Mexican firms dedicated to commerce, manufacture, services, industry and services in Mexico City, the State of Mexico, Jalisco and Baja California. Sergio Ley Lopez, President of the Entrepreneurial Section for the Asia and Oceania Region of the Mexican Entrepreneurial Council for Foreign Commerce, Investment and Technology (COMSE), commented to Forbes Mexico that Chinese companies are waiting to see what happens with the impasse occurring now in the world, to start investing in sectors such as manufacturing in Mexico. He expressed that: “It is not possible for us to continue having commerce and economic relations so tied to one single country, as is the case with the U.S., which receives 85% of our exports”.