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Reading: How Chinese businesses are entering the US through Mexico.
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Baner Club > Blog > Business > How Chinese businesses are entering the US through Mexico.
Business

How Chinese businesses are entering the US through Mexico.

Fully "Made in Mexico" are the reclining armchairs and luxurious leather couches that are being produced at Man Wah Furniture's Monterrey factory.

Last updated: 2024/04/22 at 9:48 AM
Published April 22, 2024
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They are intended for US major shops such as Costco and Walmart. However, the corporation is Chinese, and Chinese money was used to build its Mexican production facility.

Nearshoring, the latest term in Mexican industry, has its roots in the triangular relationship between the United States, China, and Mexico.

Man Wah is just one of many Chinese businesses that have moved to northern Mexico’s industrial parks in recent years in an effort to get their products closer to the US market. Their finished product is seen as entirely Mexican, saving on transportation costs as well as allowing Chinese businesses to evade the US tariffs and fines imposed on Chinese goods amid the ongoing.

General manager Yu Ken Wei of the company takes me around its expansive facility and tells me that the decision to relocate to Mexico was a logistical and financial one.

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admin April 22, 2024 April 22, 2024
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