Mexico market brings new opportunities for Chinese construction machinery      

For a long time, the economic and trade relations between Mexico and China have not been enthusiastic enough in Latin america". After Mexico's new leader took office, he actively improved the economic and trade relations between the two countries, and welcomed China's investment in large-scale infrastructure construction, which provided new opportunities for the Chinese capital in the americas.

Recently, Mexico invited Chinese companies to join its 300 billion dollar infrastructure project, trying to boost domestic economy through investment in china. The industry believes that Mexico can leverage Chinese strong investment and construction ability; Chinese invest in Mexico is also beneficial for China manufacturers to export to the United States "open the door"; at the same time, will be in the car, China ink minerals, marine fishing and other service businesses to gain competitive opportunities.

Favorable investment conditions

China and Mexico have similar export products and have overlapping markets and compete with each other in the field of trade. In addition, China is the largest source of trade deficit in Mexico, resulting in the Mexico business community has been in conflict with Chinese enterprises.

In the past two years, the economic relations between China and Mexico have obviously warmed up. President Nieto of Mexico, who took office last December, made China China's first destination outside of the americas. After that, high-level exchanges between the two countries have been frequent, creating a good atmosphere for strengthening bilateral economic and trade cooperation. The day before, Mexico China invited companies to join its $300 billion infrastructure projects, trying to boost the domestic economy by Chinese investment. The country's largest infrastructure financing bank mutual bank executive director fernando. When Moreno sought investment in Beijing, he said: "Mexico needs large-scale investment in infrastructure, such as oil extraction platforms, trains, ports, bridges and highways, while Chinese companies are first-class in terms of quality and speed of infrastructure construction." "Mexico's savings are relatively weak and bear a heavy debt burden, so the capacity to expand infrastructure construction is limited," Huang Zhilong, a researcher at China International Economic Research Center, commented in an interview with reporters. "China has a strong investment capacity and construction capacity in infrastructure construction, and it has advantages all over the world. The government of Mexico obviously needs to use this."."

Insiders believe that China's investment in Mexico is also conducive to the Chinese manufacturers to export to the United States "open the back door"". "Investing in ink is good for Chinese companies, because their factories in Mexico can supply goods to the American market," Moreno said. According to the North Atlantic Free Trade Agreement, most commodity trade between the United States and Mexico does not require tariffs.

"The use of the North Atlantic Free Trade Agreement, the Chinese companies invest and build factories in Mexico, and products can be sold to the United States through free trade," said Feng Yuan, a researcher at the Ministry of commerce. It's a great opportunity to open up a bigger American market."

Opportunities in many fields

Mexico's oil reserves account for seventh of the world's total, while China is in the stage of rapid economic development, and the demand for oil is increasing day by day. Therefore, the focus of investment in Mexico will be on the oil industry.

But experts warn that many people in Mexico believe that the control of oil is a symbol of their national sovereignty and is strongly opposed to the introduction of foreign capital. Although the current ruling revolutionary party supports energy reform, which means that China's capital and technology are "opportunity" to enter, but the opening of the oil industry still has great difficulties. "The concept of Mexico's people has not changed, and the oil industry has not opened up in a short period of time, and foreign capital has to wait for the opportunity," Huang Zhilong said.

In addition to the energy sector, infrastructure construction also involves many other industries. In Huang Zhilong's view, Mexico's ports, airports, railways and other facilities are backward, and lack of investment and expansion for a long time, seriously lagging behind the overall level of economic development. These are precious opportunities for experienced Chinese capital". For example, the construction project will drive the demand for construction machinery and equipment increased, enterprises should see the broad prospects of this field.

Dr. director of University of Nacional Autonoma Mexico research center also ink duessel said in an interview: "China not only will invest eyes on oil above, Chinese enterprises have accumulated investment experience in many fields, such as automotive, mining, marine fishing and service industry etc.. For Mexico, these areas are open to china."

Mr. Feng believes that Mexico's recent welcome attitude towards China's investment can only show the future trend. "It's going to take a long time to eliminate conflicts and improve understanding, and companies can't suddenly make big investments.". At present, all kinds of chambers of Commerce and trade associations must seize the opportunity to fully communicate with each other, and the qualified enterprises can also investigate and prepare for long-term cooperation."

I believe in the China and Mexico government intervention, China's construction machinery industry development in Mexico market will usher in a new spring, and in the engineering machinery in our country under the help of the Mexico economy will also be improved, which is loved by both sides, we also wish Chinese and Mexico to long-term cooperation and win-win future.