‘In a lot of the world, the clock has hit midnight’: China is calling in loans to dozens of countries from Pakistan to Kenya
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest and most unforgiving government lender, China.
Fearing a potential conflict in Asia, Western companies are looking to move production out of Taiwan. But severing ties with the self-ruled island will come at a high price for manufacturers.
Okita Iron Works, a leading Japanese company in the production of bearings, reaffirmed its commitment to Guanajuato by investing $40 million due to its competitive advantages and favorable business environment, facilitated by its strategic global location.
Chinese automotive parts and battery companies are seeking to establish themselves in Mexico, according to Santander.
Santander indicated that although it is still in its early stages, Chinese companies have begun exploring investment opportunities in Mexico to be part of the nearshoring trend.
Around 80 companies from South Korea are interested in investing in electromobility and semiconductor manufacturing in Mexico.
Thanks to nearshoring, the interest of South Korean companies in establishing themselves in Mexico has increased.
Through missions, foreign investors visit Mexico to get to know the country, as indicated by the National Chamber of Consulting Companies.