September 26, 2022

Global News Of Note: China Significantly Increases Investment In Mexico

What happens abroad impacts MSCI members in North America. Here is the latest economic, trade, and other policy news of note for the last week:

  • To keep a foothold in North America in the wake of increased reshoring and continued tariffs, Bloombergreports that Chinese manufacturers have been sending both operations and personnel to new facilities in Mexico, where products are not subject to the tariffs imposed on Chinese-made goods. Chinese investment in Mexico has grown from $154 million to nearly $500 million amid heightened trade tensions between the United States and China. Read more here.
  • According to Reuters, China’s aluminum imports fell 19 percent between August 2021 and August 2022. China imported 200,440 tons of unwrought aluminum and products, including primary metal and unwrought, alloyed aluminum last month. The drop came “as supply jitters at home eased thanks to this year’s production ramp-up as power restrictions that curtailed domestic production were relaxed.”

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