Monterrey has been at the forefront of national industrial demand during the first eight months of the year, registering more than one million square meters, a figure that is more than 50% higher than that accumulated in the same period of 2021.

Nuevo León has confirmed its ability to attract new investments, ranking second in the IMCO 222 State Competitiveness Index. The entity, when evaluated in the indicators of Efficient and Effective Government, Market of Efficient Factors, and Stable Economy, ranked third; while in the indicators of world-class precursor sectors, innovation of the economic sectors and sustainable management of the environment, it occupies the fourth position of the 28 entities evaluated in the country.

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Recently, at the end of August 2022, Horizonte reported that of the 85 investments in Nuevo León, 44 corresponded to new investments and 41 to company expansions.

Of these projects, 18 come from Chinese capital, so these investments represent 21% of the total. Let us remember that the figure of 1 thousand 488 million dollars of FDI that Nuevo León received during the first semester of 2022 is 45% above those registered in the same period of 2021; and in turn, represents about a fifth of all foreign investment that came to the country, according to data published by the federal Ministry of Economy.

The fact that our country and especially Monterrey turns out to be a magnet for Chinese investments has to do with 4 market factors. The first is the relocation of production processes that has favored the border, leading markets such asCiudad Juárez, Tijuana and Reynosa, along with Nuevo León, to far exceed their investment figures.

The duo generated by Chinese investors supported by the regional government is the second factor for the construction of industrial parks to advance, overcoming cultural and language differences that allow them to settle successfully in the region.

The third is financing and as an example already in 2017 we had registered the support of Bank Of China with 200 million dollars in the start-up of the Hofusan Industrial Park.

Finally, the fourth is the differentiating elements that make Monterrey a balanced place in the offer related to the industry, such as the commercial and residential complement and the connectivity of flights and transfers that this market presents.

Some of these investments include in July 2022 the company China Lingong Machinery Group (LGMG), which will invest 140 million dollars to build a new production plant for electric articulated elevators within the Roots Airport industrial park, in the municipality of Marín.

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In August 2022, the company Man Wah Mexico, the number one manufacturer and retailer of reclining sofas in China, laid the first stone for the construction of the new plant in Salinas Victoria, which will have an area of 200,000 square meters and will offer up to 8,000 jobs. an investment of 200 million dollars likewise foresees another investment of an additional 100 million dollars in the period of 3 to 5 years.

Another Chinese firm, BUT Construction Machinery, recently opened a plant in Monterrey where it will manufacture construction machinery and equipment that will generate 400 direct jobs. The global investment will be 20 million dollars, 8 million dollars in a first phase and later another 12 million dollars to expand its production in the state.

These are just a few examples of the diversity of Chinese manufacturing and logistics companies that continue to rely on the country and the Monterrey market for their presence in the American continent.