Chinese delegation visits Mexico to boost trade ties

A high-level Chinese delegation consisting of officials, and representatives of financial institutions and enterprises visited Mexico from Monday to Wednesday to seek more cooperation in trade and investment, China Business News reported Tuesday.

The three-day visit consisted of more than ten official activities organized by Mexico, the report said. The talks held were mainly about the setting up of a senior investment working group and more cooperation between Chinese and Mexican enterprises.

The delegation included representatives from National Development and Reform Commission, China Investment Corp, China Development Bank, The Export-Import Bank of China, Sinopec Group, Huawei Technologies Co Ltd, State Grid Corp of China and China Minmetals Corp.

The composition of the delegation showed the two sides' support for Chinese enterprises going to Mexico, the report said, predicting the investment focus would be infrastructure, resources, minerals and machinery.

Mexico welcomes investment from China on building infrastructure such as ports and railways, especially high-speed railway, an anonymous Mexican diplomatic officer was cited by the report as saying.

Mexico released an investment plan worth $102.7 billion in July in transportation and communication infrastructure for the next six years, and in August, Mexican foreign minister Jose Antonio Meade Kuribrena visited China to try to attract more Chinese investors to Mexico, according to the report.