Monterrey in northern Mexico, Monterrey, northern Mexico, Monterrey, Montrey, northern Mexico, Monterrey, northern Mexico, Monterrey, northern Mexico, Monterrey in northern Mexico, Monterrey, northern Mexico, Monterrey, northern Mexico, Monterrey, in northern Mexico, Monterrey, in northern Mexico, Monterrey, Monterrey, northern Mexico.MAN WAH FURNITURE has set up large factories. The lounge chairs and leather sofas from the production line are 100%"Made in Mexico".
The destinations of these products are large American retailers, such as Costco and Walmart.But the company comes from China, and its manufacturing plant was built by China Capital.
The triangle relations in the United States, China and Mexico have formed a buzzword of the Mexican business community: "Nearshoring".
Many Chinese companies have moved to the industrial park in northern Mexico in recent years to make the production line closer to the US market. Minhua furniture is one of them.
In addition to saving freight, their products are regarded as 100 % Mexican products, which means that Chinese companies can avoid US tariffs and sanctions on Chinese goods in the continuous trade war between the two countries.
Yu Ken Wei, general manager of the company, took a reporter to visit his large factory area, and he said that moving to Mexico has economic and logistics significance.
He said in fluent Spanish: "We want to increase the output here to triprina or even four times. Our purpose in Mexico is to make production reach our operating level in Vietnam."
The company did not come to Monterey in 2022, but has hired 450 employees locally.Yu Kenwei said that they hope to increase the number of employees to more than 1,200 in the next few years and operate several new production lines in the factory.
He said: "Mexicans are very diligent and strong in learning. We have excellent operators and their productivity is very high. Therefore, in terms of labor, I think Mexico is also strategically favorable."
Near -shore outsourcing is regarded as a strong needle of the Mexican economy.As of June last year, Mexico's total exports increased by 5.8%over the same period last year to $ 52.9 billion (£ 42.4 billion).
This trend did not show signs of slowing down. In just two months this year, the capital investment announced by Mexico reached almost half of the total investment in 2020.
Minwa Sofa Factory is located in Hofusan Industrial Park, which is invested in China. The land demand in the park is strong and all available spaces have been sold.
In fact, the Mexican Industrial Park Association stated that all the land to be built in Mexico before 2027 had been bought.No wonder many Mexican economists say that China's interest in Mexico has not risen for a while.
Hu Hu Hu's former deputy minister of the Ministry of Economic Affairs of Foreign Trade"Juan Carlos Baker Pineda) said:" The structural reasons for the introduction of capital into Mexico will continue."
Baker is a member of the updated North American Free Trade Agreement, a member of the negotiating team of the US -Mexico Agreement (USMCA).
He added: "The capital of entering Mexico is from China, which may make some countries feel uneasy, but according to international trade legislation, these products are actually Mexican products."
This has made Mexico a clear strategic foothold between the two superpowers -Mexico recently replaced China as the main trading partner of the United States, which is a significant change in symbolic significance.
The increase in trade with the United States to a certain extent is also achieved to a certain extent through another key aspect of the country's near -shore outsourcing -American companies also set up factories in Mexico, and some of them transfer the production lines of Asian factories to Mexico.
The most noticeable news is that Elon Musk announced last year that it would spend $ 10 billion in Tesla super factory in the Montereal outskirts, but the factory has not yet started construction.
Tesla is obviously still undergoing the project, but due to concerns about the global economy and Tesla's recent layoffs, the company has slowed the relevant plan.
Investment in China has urged Mexico to be treated with caution, and do not get involved in geopolitical struggles between China and the United States.
The National Autonomous University of Mexico's Autonomous University, ENRIQUE DUSSLE, Scholar Research Center, said: "There are problems between the rich and the new richest people in China.There is no strategy to formulate a new triangle relationship. "
Both the United States and Mexico will usher in the election, and there may be new political computing in the future.But whether it is Donald Trump or Joe Biden elected, almost no one expects any improvement in Sino -US relations.
Dussell believes that near-shore outsourcing should emphasize "security-shoring".He said that in the US -China relations, Washington placed national security on all other factors, and Mexico must be alert to being caught in the middle.
Under this tension, Dussell said: "Mexico erected to China 'big names to Mexico'. You can also know if you don't need a doctorate degree.There will be no good results. "
Others are more optimistic."In my opinion, the question is not whether this trend will continue, but to how much we can use this trend in my opinion."
"I believe that in Colombia, Vietnam, and Costa Rica, people are also doing the same discussion. Therefore, we need to ensure that in Mexico, these conditions are the same, and they can drive together with corporate and government decisions to maintain this trend for a long time"
Back to Monterer, the outstanding Mexican sewing female workers in the Minhua Furniture Factory are making a last lust for a sofa, and then transported to the north.
When a U.S. family buys a sofa at Wal -Mart, they may know little about the complex geopolitics behind the production of sofa.
But whether "near the shore outsourcing" is a clever back door to the United States, or part of the high cost of war, it has become an important advantage of Mexico during the hostile period of global trade.
