The New York Times says Chinese companies are investing millions in Mexico

Peter Goodman from The New York Times reported this story from Monterrey and Salinas Victoria, Mexico, Mexico City and Laredo, Texas.

Bill Chan had never set foot anywhere in Mexico, let alone the lonely stretch of desert in the north of the country where he abruptly decided to build a $300 million factory. But that seemed a trifling detail amid the pressure to adapt to a swiftly changing global economy.

It was January 2022, and Mr. Chan’s company, Man Wah Furniture Manufacturing, was confronting grave challenges in moving sofas from its factories in China to customers in the United States. Shipping prices were skyrocketing. Washington and Beijing were locked in a fierce trade war.

CLICK HERE TO READ THE FULL ARTICLE BY PETER GOODMAN ON THE NEW YORK TIMES

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