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Mexican state governors tap investors in China

Thursday, March 30, 2017


A delegation of three Mexican state governors traveled to China this week to meet with business leaders and discuss investment opportunities.

Fears of a hit to foreign investment ran high when Ford canceled a $1.6 billion plant in Mexico's central state of San Luis Potosi in January.

Trump, who had railed against U.S. manufacturers investing in Mexico, hailed the decision as a major victory, but Ford put it down to declining demand for small cars.

"We're not going to sit here with our arms crossed. We're going to turn to Asia, like we've been doing. We want the Chinese to come invest in Hidalgo," state Governor Omar Fayad said in an interview. "We want the Japanese to invest here."

Source: Reuters