Caixin
Jul 01, 2022 04:38 AM
BUSINESS

In Depth: How Chinese Factories Are Finding Their Way to Mexico

Apart from traditional destinations in Southeast Asia for relocating manufacturing from China, Mexico is becoming a new alternative
Apart from traditional destinations in Southeast Asia for relocating manufacturing from China, Mexico is becoming a new alternative

Chinese manufacturers are increasingly setting their sights on Mexico for bringing production closer to the American market, reflecting higher costs of Chinese exports under U.S. tariffs and pandemic-related disruptions of global supply chains.

The 2018 trade war between China and the U.S. was a catalyst in a manufacturing exodus from China as rounds of tariff levies almost wiped out the narrow profits of the garment and furniture manufacturing industries in China, forcing many producers to move factories abroad.

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