Chinese investment to transform the state of Guerrero

Chinese executives are looking to invest roughly US$1,200 million to develop several projects in the state of Guerrero. Sources from the state’s government report that Chinese executives from PRODOTEC presented a portfolio of investment within the automotive, agricultural, technology, port and industrial sectors, prospected for the communities of Pungarabato, Iguala, Eduardo Neri, San Marcos and Acapulco. The opening of a factory of agroindustrial machinery in the municipality of Pungarabato, headquarters for the auto maker Chery in Iguala, a high-end port in the municipality of San Marcos and the installation of a custom house in the community of Zumpango, in the municipality of Eduardo Nery, are among their most relevant projects. Besides, the Association of Chinese Entrepreneurs in Mexico, Zhongua A.C. and members of the Chinese Chamber of Commerce in Mexico, presented an investement project for developing industrial parks geared with wind and solar power in the Puerto Balsas area.