money.cnn.com - 11/3/2009
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Mexico overtakes China as the number one location for manufacturing goods destined for the American market.
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Wednesday Watch
Between the Hedges —
... . CNNMoney.com: - Mexico did not have an extreme economic makeover, but the global recession was enough to defeat China as the number one place for American assembly-for-export factories, or maquiladoras . "For many companies that want to export to the United States, like the maquiladoras, Mexico's exchange rate will be seen as a stable and permanent advantage and we are going to see much stronger investment flows associated to this industry," said Cesar Hernandez, general director of foreign trade at the Mexican Trade Ministry. Newsweek: - ...
Mexico beats China in American assembly for export factories
BloggingStocks —
... American businesses are setting up shop in Mexico instead of China. China, which was the number one location for manufacture of goods bound for the U.S., has fallen into third place. Mexico is now number one, followed by India. ...
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