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. 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.

By Venu 30 May 2024 in Business Mexico

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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. As well as saving on shipping, their final product is considered completely Mexican - meaning Chinese firms can avoid the US tariffs and sanctions imposed on Chinese goods amid the continuing trade war between the two countries.
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.

In flawless Spanish, he states, "We hope to triple or even quadruple production here." "The goal in this instance is to

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