The scene in a Mexico City office was telling. Meeting with Chinese corporates including electric vehicle (EV) manufacturers, global bank executives noticed an interesting shift in ambition. These companies, once focused solely on exporting to the US, were now viewing Mexico as a springboard for the entire Americas region.
“What was really interesting, which I didn’t appreciate until I was in Mexico, was that many Chinese corporates have invested in coverage out of Mexico for the Caribbean, Central America and South America,“ says Atul Jain, global co-head of trade finance and lending at Deutsche Bank.
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