How Chinese Firms Are Using Mexico as a Backdoor to the US
22nd April 2024
BBC.
The reclining armchairs and plush leather sofas coming off the production line at Man Wah Furniture’s factory in Monterrey are 100% “Made in Mexico”.
They’re destined for large retailers in the US, like Costco and Walmart. But the company is from China, its Mexican manufacturing plant built with Chinese capital.
The triangular relationship between the US, China and Mexico is behind the buzzword in Mexican business: nearshoring.