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Description
| China, long considered a thorn in the side of Mexican industry, is planning to enter a sector that has helped sustain the Mexican economy in recent decades, the motor-vehicle sector. The Chinese company Zhongxing Automobile, also known as ZX Auto, has announced a two-pronged approach to establish a foothold in Mexico. As a first step, Zhongxing and its US subsidiary China America Cooperative Automotive (Chamco Auto) are planning to begin exporting sports utility vehicles (SUVs) and small trucks to Mexico in September. The company eventually plans to construct a plant in Tijuana to assemble vehicles to sell in the Mexican, US, and Canadian markets. China seeks to gain a foothold in the Mexican motor-vehicle market by selling its products at lower prices. Many products of Chinese origin are being sold in Mexico at very low prices, undermining the local markets (see SourceMex, 2002-11-13, 2003-05-14, 2004-12-08, 2007-03-07). The latest complaint is that low-cost Chinese medicines are being imported... |
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