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Business | The southern strategy


WHY CHINESE COMPANIES ARE FLOCKING TO MEXICO


THE COUNTRY OFFERS A BACK DOOR TO THE UNITED STATES

Photograph: Luis Antonio Rojas/The New York Times/Redux/Eyevine
Nov 23rd 2023|Mexico City
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Chinese investments have been pouring into Mexico lately. Last month alone
brought two notable ones. The government of Nuevo León, a northern state
bordering the United States, announced that China’s Lingong Machinery Group,
which makes diggers and other construction equipment, would build a factory that
it estimates will generate $5bn dollars in investment. The same day Trina Solar,
a solar-panel manufacturer, said it would invest up to $1bn in the state. Both
companies and their corporate compatriots can now find a home away from home at
Hofusan, a Chinese-Mexican industrial park in Nuevo León.

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BUSINESS NOVEMBER 25TH 2023

 * With Sam Altman’s return, a shift in AI from idealism to pragmatism
 * Inside OpenAI’s weird governance structure
 * ReelShort is the latest Chinese export to conquer America
 * Why Chinese companies are flocking to Mexico
 * Riyadh Air is betting on a tourist surge to Saudi Arabia
 * How not to motivate your employees
 * Every country wants its own investment-screening regime
 * The many contradictions of Sam Altman

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