China's Plan to Construct an Expo Center in Mexico Raises Ire

choi

Amy Guthrie, China Plan Raises Ire in Mexico. Wall Street Journal, Jan 17, 2013.
http://online.wsj.com/article/SB ... 43880802729850.html

Quote:

(a) "Plans to build a large, permanent exposition center for Chinese-made goods near Cancún have triggered an outcry from Mexican industrialists who struggle to compete with Chinese manufacturing.

(b) "Trade relations between Mexico and China have long been tense as the countries vie for market share of US imports. Once the star of emerging-market nations, Mexico bled manufacturing jobs after China joined the World Trade Organization in 2001, as thousands of factories relocated to China.

"Bilateral trade is also heavily skewed, with Chinese exports to Mexico accounting for about 90% of the roughly $60 billion of goods that flow each year between the two countries, according to Mexican government data. The trade deficit has fueled resentment and xenophobia in Mexico, he [Cancún Mayor Julian Ricalde who vows to deny the construction permits] added.

(c) "Mexico's mostly negative experience with China stands in contrast to South American nations like Brazil, Argentina, and Venezuela, which have largely benefited from China's appetite for commodities like soybeans, iron ore and oil.

(d) "Mexico has filed four complaints against China with the WTO, largely centered on Chinese tax, credit and other incentives for industry. The most recent complaint [was] launched in 2012