Mexico 2016 (English & Chinese)

As part of its current and growing interest in Latin America, China has directed a series of investments in Mexico across a wide range of industries. The most notable sectors include:

•    Telecommunications: Huawei Technologies Co. Ltd. has become a major player in Mexico and China Telecommunications Corp. (China Telecom) participated in the bidding for Mexico's largest telecommunications project, Red Compartida, or “shared network”. Hisense Co. Ltd. has also set foot on Mexico by buying an industrial facility in Tijuana, which represents its biggest production site outside of China and serves as a distribution platform for the U.S. market.
•    Banking: The Industrial and Commercial Bank of China Ltd. and Bank of China Ltd. have recently landed in Mexico with the objective of financing and supporting COI projects.
•    Automotive: 2016 has seen the introduction of Beijing Automotive Industry Holding Corp. (BAIC) as the first Chinese automobile manufacturer in Mexico. Its entry is linked to the existing presence of diverse Chinese original equipment manufacturers (OEMs) that have taken advantage of Mexico's increasing role as a consolidated automotive market.
•    Energy: As a result of the historic energy reform, the governments of Mexico and China have agreed to create public funds to prepare for the arrival of Chinese energy companies. Jinko Solar Holdings Co. Ltd. was recently awarded a $600 million project to build three solar panel plants in Mexico's south and midwest areas.
•    Infrastructure: Sinohydro Group Ltd. recently won a competitive tender to build a hydroelectric plant in the southern state of Chiapas. The project is valued at $390 million and will be a crucial electricity provider in the region.